Kullman also reported to the council that recent evaluations indicate replacement value of the city?s main water tower, raw-water pump station and electrical substation exceeds the city?s present insurance coverage by about 50 percent.
Kullman said the city had three options: ignore the new appraisals and continue its coverage at the current rate; increase coverage immediately to meet the new appraisal; or phase in the additional coverage over two years to lessen the budget impact of the premium increase.
The council decided to increase coverage to match the new valuations.
In other business, the council:
n approved a contract with Terracon, an engineering company based in Wichita, to do soil borings in the newly designated Hillsboro Business Park.
The borings will determine if the ground where the former AMPI cooling pond was located was adequately compacted when it was filled in.
The tests are necessary to ensure that compaction is adequate to support the construction of Midway Motors? proposed new dealership facility.
Pain said the project will cost between $2,000 and $4,000, depending on how many holes will need to be drilled.
n approved Resolution 2008-13 that formalizes existing city office practices to protect the privacy rights of its utility customers. The Federal Trade Commission is requiring cities to comply by Nov. 1.
n tabled the selection of a new financial adviser for the city until Councilor Bob Watson could attend the meeting. Represent?atives from three companies have been interviewed.
n agreed to use the $24,486 left over from the Kansas Depart?ment of Transportation grant for the Adams Street project to replace the water line on C Street from Adams to Wilson?if KDOT approves the project.
