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Board extends builder's risk insurance through March 15; policy refundable if project finishes early
Summary
After brief confusion over dates, the board approved extending its builder's risk policy through March 15; board members were told the policy is refundable if construction completes earlier.
A board member moved to extend the authority's builder's risk insurance policy; there was back-and-forth over whether the extension should run to Feb. 15 or March 15. The board adopted the later date (March 15) and a member noted the policy is refundable if the project finishes early.
The motion passed by roll-call affirmation. The transcript records members voting yes (Glass, Hood, Slater, Holder, Klein, Borton). The board did not record premiums or the insurer's name in the motion.
