By Pam Robinson
Schultheis Insurance representative Andy Weintraut presented New Harmony Town Council members with three options Thursday night for insuring the town property of New Harmony School: 1) $7 million of coverage with a $500 deductible at a cost of $13,731; 2) $2 million of coverage with a $1,000 at a cost of $10,400; or no coverage at all.
Council agreed the $7 million policy is well worth the premium and voted to acquire this amount of insurance, perhaps with a higher deductible. Weintraut said this policy will cover 80 percent of replacement cost for a new build and pays claims in full to the limit of the policy. Had the town opted for the $2 million policy, the plan covered actual cash value only and any losses would have been paid in full less a $1,000 deductible and minus depreciation.
Weintraut will also research the difference in cost for a $7 million policy with, for example, a $1,000 or $1,500 deductible. If the premium savings is significant, council members agreed they would consider a higher deductible.
In other business:
• Business owner Jim Stinson reported to council on recent marketing activity to promote New Harmony with highway signage and Internet visibility.
• Council passed Ordinance 2012-8 establishing New Harmony School Building Fund in the chart of accounts.
• Council approved an increase in chat and sand prices: chat will now cost $35 per ton while sand will cost $25 per ton.
• New appointments to the Board of Zoning Appeals were announced: Jim Spann, Monteen Elliott and David Flanders.
• Parks Board President Jeanne Maudlin announced the Saturday, October 20, Arbor Day Celebration and Third Annual Chili Cook-Off. The Arbor Day Tree 2012 will be dedicated to Olin Davis during the celebration.
• Town President David Campbell announced the Indiana Association of Cities and Towns, or IACT, will host a town roundtable on Tuesday, July 31, 6:30 p.m., at New Harmony Inn Conference Center for officials in the region’s cities and towns.
• Council assured town residents that action is progressing in dealing with properties in violation of the town’s nuisance code.
The New Harmony Town Council will meet again Thursday, August 16, 5 p.m., in New Harmony Town Hall.
By Pam Robinson
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