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10/02/2006 CITY COUNCIL WORKSESSION MINUTES CITY OF CLEARWATER October 2, 2006 Present: Frank Hibbard Mayor Hoyt P. Hamilton Councilmember William C. Jonson Councilmember John Doran Councilmember Absent: Carlen Petersen Vice-Mayor Also present: William B. Horne II City Manager Garry Brumback Assistant City Manager Rod Irwin Assistant City Manager Pamela K. Akin City Attorney Cynthia E. Goudeau City Clerk Rosemarie Call Management Analyst The Mayor called the meeting to order at 1:43 p.m. at City Hall, following a meeting of the CRA (Community Redevelopment Agency). To provide continuity for research, items are in agenda order although not necessarily discussed in that order. Financial Services Ratify and confirm the City Manager's decision to purchase $10 million of property insurance, for the period beginning 10/1/06 and ending 3/31/07 for a not to exceed cost of $690,000, leaving $10 million of our property self-insured above the first $20 million of coverage. (consent) The Risk Management Division of the Finance Department purchases certain insurance coverage for the City. This insurance is purchased through the efforts of three brokers: 1) Acordia Southeast; 2) Insurance & Risk Management Services (IRMS); and 3) Arthur J. Gallagher & Co. (Florida). Due to the volatile property insurance market and unavailability of timely quotes, Risk Management recommended and City administration approved, the purchase of property insurance for the period October 1, 2006 to March 31, 2007. The current excess property program is a layered program and is on a per occurrence basis. Several layers become due on October 1, 2006, but the bulk of the coverage is in place until April 2007. Property insurance has increased significantly in the last year, while capacity (availability) of insurance in the Southeast has decreased. Due to the difficult insurance market, Risk Management is recommending self-insuring additional layers of insurance (totaling $10 million) and keeping the City’s $500,000 self-insured retention. These newly purchased layers of insurance are for a six- month term so that the total property insurance program will renew on April 1, 2007. To summarize our current property insurance coverage - The first $500,000 is self insured by the City. The next $10 million ($500,000 - $10.5 million) is covered by Lexington Insurance Company and expires on April 1, 2007. The next $10 million ($10.5 million to $20.5 Council Work Session 2006-10-02 1 million), the City is purchasing at this time for a 6-month time period (October 1, 2006 to March 31, 2007) at a cost of approximately $690,000. The next $5 million ($20.5 - $25.5 million), the City is self-insured. Of the next $15 million ($25.5 - $40.5 million), $10 million is covered by Traders and Pacific through April 1, 2007 and the City is self insured for $5 million. The next $10 million ($40.5 - $50.5 million) is covered by Landmark Insurance through April 1, 2007. The final layer ($50.5 - $409 million) is insured through Landmark Insurance through April 1, 2007. The budget for FY 2007 included approximately $4.6 million for property insurance premiums. The majority of this budget will be used for the City’s total property insurance renewal on April 1, 2007. In reviewing available reserves in the Central Insurance Fund, there is a total of approximately $19 million including general insurance reserves (75% of GASB liability-per council policy) of $7.6 million, health insurance premium stabilization reserves of $3.9 million (per council policy), base reserves (8.5% of next year’s budget-per Council policy) of $1.9 million, and excess reserves of $5.6 million. It is Risk Management’s goal to secure property insurance that renews on April 1 for all layers in subsequent years. In response to questions, Finance Director Margie Simmons said this request is for approximately $690,000 for property insurance, should adjustments be needed during the year. Losses between $25.5 million and $40.5 million would be prorated. Parks and Recreation Approve a one-year funding agreement, in the amount of $281,220 between Jolley Trolley Transportation of Clearwater Inc. and the City of Clearwater for the operation of transportation and trolley services on Clearwater Beach, Island Estates, Sand Key and services from Clearwater Beach to Downtown Clearwater and authoorize the appropriate officials to execute same. (consent) Jolley Trolley Transportation of Clearwater Inc. (Jolley Trolley) has been operating trolley service along the City’s beach communities and downtown for thirteen years. The current one- year funding agreement expired on September 30, 2006. Current funding supports approximately 54% of the trolley overall budget with the remaining 46% coming from fares, rentals, and advertisements. Specifically the funding is for: 1) Trolley service between Clearwater Beach and Sand Key; 2) Trolley service between Clearwater Beach, Island Estates and Downtown Clearwater; and 3) Trolley vehicle maintenance and office space rent. Funding during the annual term of the current agreement totals $281,220, which is supported through the general fund ($231,220) and the CRA (Community Redevelopment Agency) ($50,000). The new proposed agreement includes a provision requiring the Trolley to provide monthly ridership information, and that the Trolley will develop a strategic plan for the inclusion as a tourism enhancement for both the beach and downtown and present a report to the City Council in the Summer of 2007. The Parks and Recreation Department will continue to administer compliance of the agreement. The City Manager reported that Parks & Recreation Department Director Kevin Dunbar will monitor and manage this agreement. The Economic Development Department will be responsible for future agreements and the trolley’s role in City tourism. Council Work Session 2006-10-02 2 Official Records and Legislative Services Appoint and Reappoint members to the Municipal Code Enforcement Board with the term expiring on October 31, 2009. Consensus was to amend the item to reappoint Richard Avichouser (Realtor category) and to appoint Ronald V. Daniels (Realtor category) and David Campbell and place item on consent agenda. Council Discussion Items FY 2008 Budget Strategy Discussion ensued regarding the makeup, scope, and timeframe for the Budget Task Force. Budget Director Tina Wilson reviewed issues related to the previous Budget Review Committee and Fiscal Review Committee. Discussion ensued regarding proposed legislative changes related to property tax issues. Concern was expressed that the City needs to prepare for falling property values so that shocks do not occur. Consensus was for staff to draft a mission and purpose statement for a Budget Task Force but to delay a citizen survey and focus groups. February 1, 2007 Council Meeting Due to a conflict with the Chamber of Commerce annual meeting, Consensus was to reschedule the February 1, 2007 City Council meeting to Wednesday, January 31, 2006. Other Council Action Councilmember Jonson spoke in support of the employee injured by a chemical leak, stated the citizen survey continues to rank growth and transportation as the greatest issues facing the City. 12. Adjourn The meeting adjourned at 3:32 p.m. Council Work Session 2006-10-02 3