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Board approves observation services and builder's risk insurance for Downtown Hammond Train Station
Summary
The board approved a $198,500 CIB allocation and an observation services agreement (consultant name variably listed in the transcript) for day‑to‑day construction review of the Downtown Hammond Train Station and approved a Liberty Mutual builder's risk insurance policy (annual premium $9,874) to be funded through food and beverage proceeds.
City staff asked the board to authorize observation services for the Downtown Hammond Train Station project and to approve builder’s risk insurance for the construction phase.
Staff stated they expect construction to begin in April and requested approval of an observation agreement and a corresponding $198,500 CIB funding allocation for construction review services. The board approved the agreement and funding by voice vote. Later in the meeting staff requested approval to electronically execute a builder's risk insurance agreement with Liberty Mutual with an annual premium of $9,874; staff said the insurance will be funded through food and beverage proceeds and the board approved the purchase.
The transcript uses variant spellings for the construction‑review consultant (appearing as NEICE/NEICE/Neese). For clarity this report uses the consolidated name Neese Engineering when referring to the consultant in other items; the board’s action was to authorize observation services and the insurance policy and to fund both through CIB and the identified revenue source.
