HomeMy WebLinkAboutMINUTES Administrative Committee 1986-05-07n 0
RECORD OF PROCEEDINGS
I Administrative Committee
May 7,1986
Committee:Chairman Hix,Members Aldrich and Laing
Attending:All
Also Attending:Mayor Dannels,Trustees Barker,Brown,
Habecker,Town Administrator Hill,Finance
Officer Vavra,Clerk O’Connor
Absent:None
WAGES AND SALARIES -1987:
In past years,the Town has participated in the Longmont Study
Salary Analysis of all municipalities,counties and various
private industries in the Northern Colorado Area.A contribution
of $700 is assessed to those entities participating in the
analysis.Arthur Young Company has informed the Town their fee
to prepare the actual salary schedules for 1987 should remain the
same as last year —$4,000±.The Committee recommends
authorizing the $700 expenditure to participate in the Longmont
Study Salary Analysis and that Town Administrator Hill be
authorized to proceed with Arthur Young Company in preparing the
wage and salary schedules for 1987.
INSURANCE:
The Committee reviewed a legal opinion submitted by Town Attorney
White concerning proper insurance coverage needed by those
persons or entities using Town properties for their own events.
Town Attorney White recommended the Town require a certificate of
insurance indicating general liability insurance coverage in an
amount of $400,000 per single occurrence.Following discussion,
the Committee recommends adopting the following insurance
guidelines,as submitted by Town Attorney White:
1.General Liability:Require a certificate of
insurance in the amount of $400,000;such certifi
cate will indicate either bodily injury and proper
ty damage in the amount of $400,000,or bodily
injury and property damage combined in the amount
of $400,000.
2.Liquor:If an event is to have liquor served
free—of—charge to participants,the insurance
certificate will include “host liquor liability
coverage.”Should the event serve liquor for a
fee,a “Special Events”Liquor Permit and “liquor
legal liability coverage”will be required.
3.Town Facilities:If the event is to use Town
facilities which will be under the control of the
participants,not the Town,the coverage will
include “all risks legal liability.”
4.Minor Injuries:In order to provide no—fault
coverage for minor injuries,“premises medical
coverage”will be required which provides $1,000
worth of medical coverage without regard to
liability.
5.In the event the certificate indicates that a broad
form comprehensive general liability endorsement is
part of the policy,all the aforementioned cover—
ages will be contained therein.
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RECORD OF PROCEEDINGS
Administrative Committee -May 7,1986 -Page two
6.Automobile Liability:Bodily injury,per person,
$400,000 and property damage $400,000;or bodily
injury and property damage combined $400,000;
“Garage keepers liability”will be provided where
automobiles are going to be parked on Town
property;this coverage will provide coverage for
damages to said vehicles.
7.Excess Liability:The Town will require an “um
brella”of $1,000,000 over and above the primary
coverages.
The Town of Estes Park will be named as an “additional insured”
on all the policies.The parties will be required to provide the
Town with a copy of the endorsement naming the Town as an addi
tional insured prior to the event.
The Board of Trustees will retain the right to grant exceptions
where applicable.
The Committee also recommends Finance Officer Vavra administer
all insurance certificates.Participants will be required to
submit an insurance certificate at least 30 days prior to the
event.
INVESTMENT POLICY:
Finance Officer Vavra reported on the “Public Deposit Placement
Service (PDPS)offered by Central Bank of Denver.PDPS offers a
viable alternative to the bidding process by providing investors
with “one—stop”access to commercial bank rates outside their
immediate area.The service is free to public investors.The
first $100,000 is insured by FDIC;over $100,000,the funds are
collateralized.Over 35 public investors now participate in
Central Bank’s PDPS,with investments totaling more than $20
million dollars.Due to the Public Deposit Placement status,all
investments are only deposited in Colorado Banking Institutions.
Finance Officer Vavra received favorable comments from a partic
ipating investor.Local banking institutions would continue to
be contacted and be included in the bidding process.The Commit
tee recommends Town Attorney White prepare a resolution authoriz
ing investments in any state or federal banking institution
authorized to do business in Colorado.
There being no further business,the meeting adjourned.
ickie O’Connor,Town Clerk