CCP 09-14-1987 - Laserfiche WebLink

Home Browse Search

~' Minutes of Regular Finance Committee Meeting . Village of Arden Hills August 27, 1987 Village Hall Call to Order The meeting Was called to order at 7:45 p.m. by Chair Erickson. Roll Call Present' Larry Erickson, Charlotte McNiesh, Ramanik Shah, Tom Steele Absent: Ed Menze (excused), Chuck Mertensotto (excused), Eric Nesset (excused), Trudy Rautio (excused), Robert Rehkamp, Judith Stafford Also Present: Mayor Robert Woodburn, Treasurer Frank Green Approval of Minutes Steele noted that May minutes incorrectly listed him as absent, when he had notified the office he would be out of town, and he should have been listed as "absent (excused)". Motion was made by McNiesh, seconded by Shah, that the minutes be approved as amended. Motion carried unanimously. Oath of Office Mayor Woodburn administered the oath of office to Treasurer Frank Green. Mr. Green replaces Don Lamb, who resigned effective August 31. Mr. Green has been an Arden Hills resident approximately four years; is an executive with Burlington Northern. . Council Report Mayor Woodburn reported Council activities of interest to this committee. He stated that negotiations for purchase of a portion of the land adjacent to the present Village Hall and Public Works Building are virtually complete, at a total cost of $404,800; stated the Council would be looking to the Finance Committee for suggestions on best ways to finance this purchase. He added that the water tower is complete except for final painting; total cost of this is $850,000, rather than the $1,000,000 originally estimated. Council has decided there will be no assessment for costs of the Hamline Avenue improvement; those costs not covered by MSA funds will be covered from tax levy. Since the last meeting of this committee, Council had the opportunity to purchase the underlying fee title to Lindey's Triangle (open space across from Lindey's restaurant, Ramsey County right-of-way) for $5,000, and elected to do so. Insurance Requirements for Contractors Licensed to Do Business in Arden Hills Currently, contractors doing business in Arden Hills are required to show proof of liability insurance in the amounts of $25,000 per person, $100,000 per accident, and $25,000 property damage. Shirley noted that most insurance certificates submitted are for $300,000 or $500,000 aggregate per accident; neighboring cities are requiring $300,000 aggregate per accident. Since the Finance Committee has recommended adding license requirements for excavators . :and general contractors beginning in 1988, it was recommended that Arden Hills' insurance requirements also be increased. Committee discussed (a) City's liability if insurance claims against a licensed firm exceed the firm's liability limits, and (b) whether $300,000 aggregate is an adequate amount of coverage.