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CITY CO UNCIL DETERMINED THAT TENANT PA Y TAXES, IF <br />ANY <br /> <br />How much and what insurance should be required? The City's form lease requires <br />$250,000.00 personal injury, $500,000.00 event, and $100,000.00 property damage <br />coverage in each policy. The question is whether or not more extensive insurance <br />coverage, including fire and casualty insurance on the actual hangar, should be an <br />obligation of the tenant. <br /> <br />a. Current Policy - the current policy is silent on the entire issue of insurance. <br /> <br />Survey - the amount of insurance required as determined in the survey varies <br />widely among cities. However, it does appear that most of the other cities require <br />either a broader range of insurance or a higher amount of insurance coverage, or <br />both. <br /> <br />Board Recommendation - the Board recommended the current requirement of <br />general liability insurance be continued. However, the Board took the position <br />that requiring fire or casualty insurance of the tenant to the benefit of the City as <br />a co-insured should not be a requirement of the lease. The Board further <br />recommended that the City should be responsible for obtaining its own insurance <br />for this particular purpose. Related to this issue is a letter from City Clerk, Mattie <br />Cunningham, detailing her discussion with the City's TML and other insurance <br />carriers on this issue (Exhibit 6). This letter was presented to the Airport <br />Advisory Board at the time this issue was deliberated. <br /> <br />CITY COUNCIL DETERMINED THAT TENANT PROVIDE <br />ADEQ UA TE INSURANCE TO REPLA CE BUILDING <br /> <br />The City Council needs to determine how extensive and how much insurance the <br />tenant should be required to obtain as part of the new policy on private hangars. <br /> <br />Structure of Airport Advisory Board. Exhibit 3 includes as a separate part of the <br />questionnaire information sought from the respective cities regarding whether or not they <br />have an Airport Advisory Board, and if so how that Board is constituted. As you will note, <br />most of the Boards have a membership of seven (7) members; however, two boards are <br />eight (8) and nine (9) members respectively, two boards have five (5) members, and two <br />boards have (6) members. <br /> <br />The Airport Advisory Board of the City of Paris has varied in its number of members. The <br />earliest resolution available in the City Legal Department files indicate that the board <br />membership consisted of a Chairman and six members (seven (7) total) in 1970 (Resolution <br />No. 1354); was reduced to five (5) members by Resolution No. 1538 sometime before <br /> <br />-7- <br /> <br /> <br />