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Minutes of the Regular Meeting of Council <br />Monday; June 18; 2018 <br />Page 30 <br />. First Reading of. Resolution No. 2018-29 -"An emergency resolution authorizing <br />Mayfeld, Village to expend funds to Wichert Instu•ance SVC, Inc. for renewal policy of <br />business insurance coverage." (Introduced by Mayor Bodnar). (Law Department) <br />Council President Saponaro asked, do we need this to be approved this evening? <br />Mr. Wynne replied, yes:. - <br />Council President Saponaro asked, are we required to make a motion to Suspend? <br />Mr. Coyne replied, yes. <br />Council President Saponaro stated, until we get this clarified, we will make a motion to <br />susperid. <br />- Mrs. Mills, seconded by 1VIr. Schutt, made a motion to.. suspend the rules of Council <br />requiring a Resolution to be read on three separate occasions. . <br />ROLL CALL: AYES: Meyers, Mills, Schutt . Motion Carried. <br />Williams, Saponaro Rules Suspended . <br />NAYS: Marquardt _ <br />Council President Saponaro stated, okay. We'vegot 5-1 to suspend, thank you. <br />Mrs. Mills, seconded by IVIr. Williams, made a motion to. enact Resolution No. 2018-29. <br />Council President Saponaro asked, discussion? <br />Mr. Wynne stated, the caption of the resolution doesn't say it, but this is for $115,000. <br />The renewal carrie in at $109,135 which is about a 7% increase over last year's. It is high <br />by a couple thousand dollars because we included on tlie iilsurance to renew police squad <br />cars that are not yet in service because they are still being equipped and also two plow size <br />trucks for the Service Department that are also being equipped with beds that are not in <br />service. Once those. five vehicles are placed in service, we will be, selling five veh'icles so <br />that cost to tlie Village 'in insurance will be several thousaiid dollars less. I got a <br />competitive quote from NORMA' which is the Northeast. Ohio Risk Management <br />Association. Their quote came in at $116,967 so. it's about $7,500 higher than the quote <br />from our current provider. We can't joiii NORMA until October lst. I am still evaluating <br />it because their quote was preliminary, but that's where things stand at the moment. So we.. <br />would have to renew our current coverage at ]east tlirough October lst if we were to decide <br />to go with NORMA: <br />Council President Saponaro stated, W. just to be clear. The artificial numlier is the <br />$1 1.5,000. The $109,135 was the actual qtzote a.nd you have ihis not to exceed because of <br />the three cars?