Rockford Sun

City of Carlyle Electric Committee and City Council met Dec. 28.

Here is the minutes provided by the committee and the council:

Call to Order/Roll Call

The meeting was called to order by Chairman Mike Jansen at 6 p.m. at Case Halstead Library located at 550 6th Street, Carlyle, IL 62231. Committee members present included Mike Jansen, Scott Diekemper, and Shannon Petrea. Others present included Don Perez, Kent Newkirk, Mayor Judy Smith, Andy Brackett, and Martha Reinkensmeyer.

Approval of Minutes

After revieing the minutes from the December 14, 2020 meeting, Scott Diekemper made a motion to approve the minutes. Shannon Petrea seconded the motion. After a voice vote, all were found in favor.

Boiler Policy Renewal

Andy stated that since the last meeting, he and Dan Imming have been investigating options from other insurance companies that insure large locomotive engines. All the other companies contacted declined to provide a quote. Listed below are two options provided by Cincinnati Insurance Company for renewing the policy. After reviewing both options, Shannon Petrea made a motion to recommend the second option to City Council. Scott Diekemper seconded the motion. After a voice vote, all were found in favor.

➢ Option 1

First renewal offer on 9/28/20.

Annual premium of $70,141.

Limit of $1,000,000.

Deductible would be 20 percent of the loss with a minimum deductible of $1,000,000 for power generating equipment. The deductible for all other equipment would be $25,000.

➢ Option 2

Second renewal offer on 10/22/20.

Annual premium of $80,000.

Limit of $5,000,000 with $1,000,000 “per occurrence” on locomotive engines.

Deductible would be 20 percent of the loss with a minimum deductible of $50,000 for power generating equipment. The deductible for all other equipment would be $25,000.

Old Business

There was no old business.

New Business

There was no new business.

Any Other Comments

There were no any other comments.

Public Comments

There were no public comments.

Executive Session/Vote on Executive Session Items

There was no need for executive session so there were no executive session items on which to vote.

Adjournment

With no further business to discuss, Scott Diekemper made a motion to adjourn. Shannon Petrea seconded the motion. Finding all in favor, the meeting was adjourned at 6:09 p.m.

https://go.boarddocs.com/il/carlyle/Board.nsf/Public