Minutes 06/14/1983 - Laserfiche WebLink

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122 TUESDAY JUNE 14, 1983 many other Virginia municipalities and school boards, sponsored by the Virginia Municipal League, by which arrangement the participating localities, contingent upon few claim-losses or many claim-losses, may receive "dividends" through a return of excess premium required or might, in effect, be assessed with higher premiums if claims paid out exceed premiums paid. Mr. Fisher pointed out, further, that only recently have the commercial underwriters been willing to charge a fixed premium (based on State- set rates) and, at the same time, return to the purchaser (such as the City) that which is tantamount to dividends in the event claim-losses are low. On the basis of bids received for the City's 1983-84 coverage, Mr. Fisher recommended that the bid of Burch- Hodges-Stone (of Martinsville) be accepted; however, with the expectation that the VML- sponsored plan bid might be more competitive than that initially presented, Council deferred action on this matter to its forthcoming June 28th meeting, at which time Mr. Fisher will present more up-dated information for Council's consideration. Council unanimously accepted for introduction a proposed ordinance which would add Article VI to the City's 1983 Code to reflect updated State statutes relating to the operation of motor vehicles within the City. In connection with the current A-95 review process being conducted by the West Piedmont Planning District Commission on the following funding applications for 1983-84, Council went on record as unanimously supporting these applications: A. The application filed by the Piedmont Seniors of Virginia, Inc., under the Federal Older Americans Act, to which Mrs. Barbara Holland (PSOV Board member) and Mrs. June Metts Gay (PSOV Executive Director) spoke; and B. The application filed by the Piedmont Regional Community Services ("Chapter 10") Board.