February 11, 2009
A Special Town of Floyd Board Meeting was held on Wednesday, February 11, 2009 at 7:00 PM. Town Supervisor John F. Buczek called the meeting to order.
Town Officials present were Supervisor John F. Buczek, Councilmen William E. Smith, Willard H. Streiff Jr. Charles Planow, and Town Clerk Georgianna Larry. Absent were Highway Superintendent Jerome E. Alexander Jr. and Councilman Clifford Kotary.
Supervisor John F. Buczek told us the purpose of this Special Board Meeting is to hear preliminary presentations for insurance coverage for liability for the Town of Floyd.
We had two inspiring presentations from Bill Cole of Gates, Cole Associates, Inc. for Insurance Coverage for Liability, Fire, Comprehensive for Equipment, Buildings, etc. for the Town of Floyd.
One presentation was from Trident Insurance Company with a three million-umbrella liability for a total quote of $32,554.58. The other presentation was from Houston Casualty Insurance Company with a six million-umbrella liability for a total quote of $29,556.60. The Houston Casualty Insurance Company that took over Arrowhead Insurance Company. Mr. Cole told us that Houston Casualty Insurance Company is A plus rated highest insurance company. Discussion followed.
Also Bill Cole needs to check with our Highway Superintendent tomorrow to update the cost of the equipment that we still have at the Highway Department seeing the Highway Superintendent wasn't hear tonight. The Town Board Members decided to add the award of this insurance package at the next Special Board Meeting that we have already schedule next week on February 17, 2009.
7:55 PM Councilman William E. Smith made a motion to adjourn, seconded by Councilman Charles E. Planow, and carried.
___________________________, Georgianna Larry, Town Clerk