Resolution of the Board at the 5/9/2017 meeting.

Tom reported from a letter received from Farmers Insurance which announced the premium for the coming fiscal year will be $76,510, an increase of 5.6% over the previous year.  This is not due to an increase in the rate but due to the increase in the valuation of the insured property.  

• Motion by Tom to accept the 2017-18 Farmers Insurance quotation in the amount of $76,510; seconded by Don Miller; 6-0.