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Minutes of the Regular Meeting of Council <br />Monday, June 19, 2017 <br />Page 7. <br /> <br />Council President Saponaro asked, any other discussions on .this? <br />There were none. <br />ROLL CALL: AYES: All Motion Carried <br />NAYS: None Ordinance Enacted <br />1VEW_BUSINESS : <br />IVIotion to authorize an expenditure in the amount of $5,650 to Hicap Renovations <br />for painting of two of tlie exterior entrances of Civic gIall. (Building Department) - <br />Afnended <br /> <br />Mrs. Mills, secoiided by Mr. Mairie, made a motion to authorize an expenditure in the amount of <br />$5,650 to Hicap Renovations for painting of two of the exterior entrances of Civic Hall. <br />(Building Departinent) Amended <br />Council President Saponaro asked, discussion? <br />There was none. <br />ROLL CALL: AYES: All <br />NAYS: None <br />Motion Carried <br />Expenditure Authorized <br />Motion to authorize an expenditure not to exceed $105,000 to Wichert for the <br />property and casualty and risk management insurance renewals. <br /> <br />Mrs. Mills, seconded by Mr. Marrie, made a motion to authorize an expenditure not to exceed <br />$105,000 to Wichert for the property and casualty and risk management insurance renewals. <br />Council President Saponaro asked, discussion? <br />Mr. Wynne replied, our current property and casualty and risk inanagement insurance <br />expires on June 30t''. On late Friday afternoon, we received the renewal information from <br />our broker. The premium to renew the coverage as it stands currently is $90,975 which is a <br />4.6% increase above what we paid last year. We are going to take a look at the possibility <br />of increasing our umbrella liability coverage which could increase our premium by an <br />additional $3,400 and also take a look at a cyber-crime policy which would be <br />approximately $5,000. Both of those, you have to send applications to the underwriter and <br />we will get a more firm pricing on those. There's an additional $5,000 in the $105,000 just <br />to cover additional items we will be adding throughout the year such as the bandshell once <br />that construction project is coinpleted and new vehicles in police and fire.