Board of Aldermen 10-26-2021 Page 4
Alderman Jette
Thank you Madam Chairman. Most of you were at the public hearing last night and heard the presentation but for those
of you who weren't and for the public is listening in or watching, this Resolution is to transfer $250,000 from the assigned
fund balance to the property and casualty self-insurance fund. So the city is self- insured so unlike most businesses or
most people who have insurance and pay premiums to insurance companies, from my legal practice someone pointed out
- | don't know if this is true or not - but someone pointed out to me that insurance companies are not in the business of
paying claims. They're in the business of collecting premiums and investing those premiums for the benefit of their share.
(inaudible — lost the audio).
So unlike most businesses and most people who, you know, pay premiums to insurance companies and then the
insurance company manages and pays whatever claims they might be, the city through years of experience has
determined that it is more cost effective for the city. It costs less money in other words for the city rather than paying an
insurance company premiums, (inaudible — lost audio)...three claims that some of our employees were very badly injured
and required extensive medical bills.
And in workers compensation cases, you know, as long as they can't work, then the city has to pay them. | think it's 60%
now of their salary. So we’re never sure how long that's gonna last. So our consultants have recommended that we add
an additional $250,000 to this fund just to make sure that we have sufficient amount of money. | should point out that
workers compensation is a no fault system so that when an employee is injured if it's work related, it doesn't mean that the
city did anything wrong. Doesn't mean the employee did anything wrong. It’s just that an employee got injured while
working. Under workers compensation law, the law is designed to take care of people when they get injured at work. So
that's a long winded - | thought it was going to be a lot shorter but that's my explanation for why it's necessary to take this
action. Thank you.
President Wilshire
Thank you, Alderman Jette. Anyone else? Any questions? Anyone on Zoom?
A viva voce roll call was taken which resulted as follows:
Yea: Alderman O’Brien, Alderman Klee, Alderman Dowd, Alderman Caron,
Alderman Clemons, Alderman Lopez, Alderman Tencza,
Alderwoman Lu, Alderman Jette, Alderman Schmidt, Alderman Laws,
Alderman Cleaver, Alderwoman Harriott-Gathright, Alderman Wilshire 14
Nay: 0
MOTION CARRIED
Resolution R-21-177 declared duly adopted.
R-21-178
Endorsers: Mayor Jim Donchess
Alderman-at-Large Michael B. O’Brien, Sr.
Alderman Patricia Klee
Alderman Richard A. Dowd
Alderman Jan Schmidt
Alderman Skip Cleaver
Alderman Linda Harriott-Gathright
Alderman-at-Large Lori Wilshire
CHANGING THE USE OF FUNDS FOR A COMMUNITY DEVELOPMENT CAPITAL IMPROVEMENTS PROJECT
FROM MASTER PLAN TO LAND USE CODE UPDATE
Given its second reading;
MOTION BY ALDERMAN DOWD FOR FINAL PASSAGE OF R-21-178, BY ROLL CALL
ON THE QUESTION
