Town Council 06-06-2023 - Laserfiche WebLink

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OEM June 6, 2023 The Mooresville Town Council met in a regular session on Tuesday, June 6, 2023, at 6:30 P. M. at the Mooresville Government Center. Council members present were Council President Tom Warthen, Councilman Greg Swinney, Councilman Jeff Cook, and Councilman Josh Brown. Town Attorney Ashely Ulbricht was present. Councilman Shane Williams was absent. Council President Warthen gave the invocation and called the meeting to order. Councilman Swinney made a motion to approve the minutes of the May 16, 2023 meeting and seconded by Councilman Brown. Motion Carried 4-0 Councilman Cook made a motion to table the approval of the joint meeting between the Town Council and the Planning Commission due to a lack of quorum. Councilman Brown seconded. Motion carried 4-0 Unfinished Business — Resolution 2023-9 Declaratory Buffers USA Inc Personal Property - Councilman Brown made a motion to approve Declaratory Resolution 9-2023 for personal property. Councilman Swinney seconded. Motion carried 4-0 Resolution 2023-10 Declaratory Buffers USA Inc Real Property - Council President Warthen stated that at the time of purchase, an agreement was made to forego any abatements on the building. However, any future upgrades or work to the building would be eligible for an abatement. Councilman Brown motioned to approve Declaratory Resolution 10-2023. Councilman Swinney seconded. Motion carried 4-0 Resolution 2023-11 Declaratory PacMoore Technologies Personal Property - The investment for this project is estimated to be $7M. Councilman Brown motioned to approve Declaratory Resolution 11-2023. Councilman Swinney seconded. Motion carried 4-0 Street Closure Permit Regina Shelby - Councilman Cook motioned to approve the street closure of the rescheduled street fair on October 29, 2023. Councilman Brown seconded. Motion Carried 4-0 New Business — Insurance Presentation - Brian Culp presented his proposal for insurance coverage. He stated that this does not include the Workman's Comp insurance, which was renewed in March. The property asset list reached $55M. The current policy is blanketed at $35M. The projected blanket needed is estimated to be $85M. The blanket must be large enough to replace the town's most significant assets. The welcome signs and the Torch were not covered in the former policy but should be covered under the new policy. He suggested changing the vehicle comp and collision policy to an all -owned auto policy to avoid insurance lapses due to vehicle ownership changes. He wants to update the umbrella coverage for the Employment Practices Liability insurance. The current policy only covers up to $1M. However, the state allows municipalities to be sued for up to $5M. By includingthe umbrella, it would cover any awards over $1M. He discussed upping the liability amount on the equipment liability policy. Travelers offer K-9 officer coverage for up to $50,000. He discussed available ransomware coverage. The total bid is $351,152. Liability Insurance Presentation - Larry Long presented his bid for a renewal of the property insurance, and the amount was raised to $56 million. The deductible is $5,000. He would like to get an updated equipment list. The total bid is $288,884. The replacement costs were estimated in early 2022. The torch and the welcome signs are included in this new renewal. He discussed the cyber policy that was instituted in 2022. There is an option that if the damage is ten times