Arena board’s closed talks lead to insurance issues
Public officer and director liability insurance protects the authority and staff from having to pay damages as a result of their actions on behalf of the authority.
"Even though (the complaint) was dismissed, even though there was a finding it was groundless, because that was there they wouldn't look at it," Enoch said.
In late 2017 as several authority members were attempting to field offers from
With a majority of four members then in support of building at the mall, the authority spent months during 2017 attempting to negotiate a deal with Cardinal, starting with a term sheet obtained by Mayor
Local businessman
At Tuesday's authority meeting, Enoch said he sought insurance quotes from approximately eight providers after learning
Enoch said the authority was also running into difficulty obtaining property insurance for
The facilities' claims history included a
The authority has through the end of March to obtain another policy, and Enoch said he was optimistic -- with assistance from facilities' manager Spectra, which insures operations, and other insurance companies -- about finding one.
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