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1996.01.02_TC_Minutes_Regular~. • ~ ~ ~ TOWN OF HIGHLAND BEACH Mr1~UTES OF TOWN COMMISSION MEETING REGULAR MEETING Tuesdav, January 02, 1996 1.30 P M Mayor Arlin G. Voress called the Regular Meeting to order in Commission Chambers at 1:3 P.M. Town Clerk Doris Trinley called the roll. The Mayor, Vice Mayor Bill Paul and Commissioners David Augenstein, Arthur Eypel and John F. Rand were present. Town Attorney Thomas E. Sliney and Town Manager Mary Ann Mariano were also present, as were members of the general public. Following roll call the Pledge of Allegiance was given. ADOPTION OF AGENDA Upon MOTION by COMMISSIONER AUGENSTEIN/COMMISSIONER RAND, the Agenda was accepted as presented. • APPROVAL OF MINUTES The following sets of Minutes were unanimously approved upon MOTION by COMMISSIONER AUGENSTEIN/VICE MAYOR PAUL: October 31, 1995. - Workshop Meeting November 28, 1995 - Workshop Meeting December 05, 1995 - Regular Meeting PUBLIC COMMENTS AND REQUESTS There were no Public Comments or Requests; however, Talent Bank Applicants Jane Rayner and Herbert Lewin were briefly interviewed by the Commission, both saying they would be willing to serve where needed. REPORTS - TOWN COMMISSION Mayor Arlin Voress, Vice Mayor Bill Paul and Commissioner Arthur Eypel had no reports. Commissioner John F. Rand addressed the issue of the annual Government Open House, asking if there were any reason why it could not be held at a time of year other than early December. He suggested that perhaps the month of February might be a better time, to ensure that the majority of winter townspeople are in r ~ Town Commission Regular Meeting - Minutes Januarv 02, 1996 Paae 2 of 5 residence. The Commissioner also suggested that highlights be videotaped and replayed on Government Channel 12. It was agreed that these suggestions be considered; they will be discussed at the October 1996 Workshop Meeting. Commissioner Rand also addressed the Town's liability insurance. He said that having worked closely with the Financial Advisory Board on this matter, he was personally aware of all aspects regarding the recent change in the insurance carrier; however, he felt a summary should have been provided to the other Commission members so they might be aware of the process which resulted in this action. Ms. Mariano responded to Commissioner Rand's remarks regarding the liability insurance issue. She noted that the new coverage (Titan) substantially exceeded the old (Florida League of Cities), i.e., .reduction in premiums payments. .$2 million base policy with $8 million "umbrella" policy. .no restrictions (specifically "Hidden Harbor" property). • .cost of policy is within amount budgeted. .three-year premium rate guarantee. .no penalty to change carriers. (30-day notice only requirement of Florida League of Cities) Ms. Mariano further noted that because of their share of pay-out regarding settlement with Resolution Trust Corporation ("Hidden Harbor" litigation), i.e., $1 million, the League had restricted their maximum coverage ($2 million) to exclude, .for all time, anything pertaining to that property. Because their historical knowledge of the Town is substantial and long-lived, Ms. Mariano advised that she had requested, and Titan had agreed, after receipt of pertinent information, that the firm of Roberts & Reynolds (George P. Roberts, Jr., Esq.) continue to represent the Town in all matters pertaining to liability insurance. The Town Manager also advised that during the process to determine if a change would be beneficial to the Town, she had not only worked closely with the Financial Advisory Board, but had also acted on the Town Attorney's suggestion that several townspeople who are expert in the insurance field review the various presented plans and advise which they felt was most advantageous to the Town. Ms. Mariano said that it was only after this thorough process that • Town Commission Regular Meeting - Minutes January 02, 1996 Page 3 of 5 the Financial Advisory Board made their recommendation that the change be made, and she acted on same in her administrative capacity. However, agreeing with Commissioner Rand that it would be appropriate for the full Commission to be apprised of her administrative actions, Ms. Mariano advised she will transmit a monthly report of same to them. During this discussion, Attorney Sliney noted that because it is such a complicated issue, any time the Town is considering insurance matters of any kind, it would be wise to seek expert advice, as was done in this case. Commissioner Rand concluded his report by stating he was of the opinion that the handling of this matter was entirely commendable, as everyone recognized it was of the utmost importance that the Town have the maximum insurance possible and, considering the recent debacle with the RTC, he said there was no such thing as having too much insurance. However, he reiterated that any action taken on an insurance matter such as this, whether administrative or not, should be summarized for all the Commission members so they can be fully informed. • Under his report, Commissioner David Augenstein noted that this was the first meeting of his 11th year in general service to the Town, and the first meeting of his 4th year as a member of the Town Commission. The Commissioner noted that it has been a most pleasurable experience working with such a great group, in which he included not only his fellow Commission members, but legal counsel, staff and Town residents. REPORTS - TOWN ATTORNEY Attorney Sliney said he would make his report when discussion of the revised Investment Policy was addressed under the Town Manager's Report. REPORTS TOWN MANAGER Town Manager Mariano likewise advised that any report she might make would be given when the revised Investment Policy was addressed. REPORTS - BOARDS AND COMMITTEES The Board Action Report was accepted. as information. Mayor Voress noted Merton Rubin's completion of 6 years of exemplary service on the Code Enforcement Board and asked for nominations to fill this seat. Upon nomination by Vice Mayor Paul/ Commissioner Eypel, Jane Rayner was unanimously appointed as a member of the Code Enforcement Board. * ~ + ~ Town Commission Regular Meeting - Minutes January 02 , 199b` Paste 4 of 5 At this time, Leonard Bell, a member of the Code Enforcement Board, offered to relinquish his seat on that Board if other Talent Bank Applicants were waiting to serve. Acknowledging Mr. Bell's offer, the Commission assured him there was no need for such action. PROPOSED ORDINANCES AND RESOLUTIONS The following ordinance was given final reading by title only: AN ORDINANCE OF THE TOWN OF HIGHLAND BEACH, FLORIDA, AMENDING ORDINANCE NO. 642, WHICH APPROPRIATED FUNDS FOR FISCAL YEAR 1994 WHICH BEGAN OCTOBER 1, 1994 AND ENDED SEPTEMBER 30, 1995. (First Reading 12/05/95; Published 12/12/95) It was unanimously adopted by roll call vote upon MOTION .by VICE MAYOR PAUL/COMMISSIONER EYPEL. REGULAR BUSINESS Items Left Over Re__c~uest of Financial Advisory Board re Amendments to Investment Policy Town Attorney Sliney gave some background on this issue, noting that recent Florida legislation had mandated all local governments to adopt an Investment Policy by October 1, 1995. Mr. Sliney said that although the Town had to act quickly to comply, the Investment Policy adopted on October 1 did meet the requirements of all 14 areas contained within that legislation, with the State allowing some discretionary leeway regarding possible future amendments. The Town, therefore, had opted to make several amendments to the Policy and, upon review of those recommended by the Financial Advisory Board, the Town Attorney said he was satisfied they, too, met all requirements of the 14 areas incorporated in the State legislation. Brief discussion followed and concluded with the amended Investment Policy being unanimously adopted by the Commission upon MOTION by COMMISSIONER RAND/COMMISSIONER AUGENSTEIN. Consent Agenda None. There being no further business to come before th this time, Mayor Voress adjourned the meeting at MOTION by COMMISSIONER AUGENSTEIN/VICE MAYOR PAUL. e Commission at 2:10 P.M. upon dmt ~, Town Commission Regular Meeting - Minutes Januarv 02, 199b Page 5 of 5 APPROVED : <~ci~ Arlin G. Voress, Mayor ~~<J~~~' Bill Paul, Vice Mayor David Augenste' Commissioner ~ ~ /1 .• Arthur Eypel, ~c~ 'ssioner J Rand, Vice Mayor ' ~~ ATTEST : ~~-~'~ ~ ,.~C/~G DATE : ~ ~~~~,~ E~ ~ ~ ~ !~