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i ° <br /> .r? 454 <br /> t f <br /> I {I <br /> t'{ , 1 • <br /> October 29,1986 <br /> E <br /> i6 it it1. 1 .I, forest Park Renovation $2,545,]]3 <br /> kE <br /> tSilver Lake Park Improvements $1,503,476 <br /> Reach Park Soccer and Softball Fields $2,079,621 <br /> if!! palter Rall Park Soccer Plelde E510 9fi4 <br /> 111,;1' 1 Smith Island(ORR Boat Launch) 058 648 <br /> 1 t ',4r:1` <br /> Park Rehabilitation $1,000,000 <br /> TOTAL $33,750,669 <br /> iii <br />{� Over the lest several years,the entire insurance industry has been <br /> t beset by conflicting conomic forces. On the one Sana, the very <br /> vgmentsl vty of insurance covers a hes been in goueetion by m <br /> }i A pulled i of the market, mile the affordability f insurance has <br /> E YYX til <br /> kl pulled in the opposite direction. <br /> Ik 4The Cite of Everett saw its 1984 insurance premiums rise from <br /> 1 ,11)E.. <br /> 1� $]0,000 0 8400,000 in the space of two ears while the liability <br /> 1 )15�n') overage reduced. As consequence,the City faced the dilemma <br /> of ling those premium dollars into a <br /> 1.6�i <br /> ' self-insurancepaying <br /> aee orconverting <br /> careful analysis f the single <br /> IW�r 1111.1. insurance cover q ceivedre by the City of <br /> 1906, the <br /> M , i ecommencontrn app a e ounevl was to drok c comer Bial coverage <br /> f ^' and to ibuGe the mium a p[opria[3on v the s lE lnau ranee <br /> jY eserve fund. The basis for this decision rested on these key <br /> 1elements. as set <br /> f I' ne aeaneuele eprtmn Sara by Gne acy a aG <br /> 4 $1,000,000 per c lalm/occu r[Ince. <br /> B. Tne umber of $)alma aubieae co the $l,000,aoo was <br /> ' 5 unlimited. <br /> ) 1�I �� C The coverage was for claims which both occurred and <br /> f4 I;f were filed within the policy year. <br /> '1 O Tne amount of policy cove[acge wee$2,000,000 lee°.all <br /> 7k I legal fees aid aajusGin9 exp need of Ghe carr ie[. <br /> 111 ' Eemiune have been budgeted once again IL <br /> 198] for <br /> Ig I ) e reacting <br /> Very recent more <br /> daeu9t pressures net the municipal maiability <br /> ruga favorably re arket ris by making liability <br /> i the <br /> policies available at m reasonable prices. a information re[von from <br /> 11E!):11). the carriers becomes known, the administration x113 be recommending <br /> ')) a course of action by the end of the second quarter. <br /> i �1 <br /> Jetty Island <br /> e <br /> R II the past two years, the City has sponsoreda splendid <br /> recreational pro )gram on one of the rarest saltwater beaches in the <br /> V whole of Puget Sound. T <br /> ell those who havetaken the opportunity <br /> o visit Jetty Island, the experience is [ruly amazing, in that <br /> ] �I lying directly adjacent t r city,we find an isolated,clean an <br /> PP::: <br /> virtually deserted pure sand beach nearly t miles 1n length,and, <br /> JN � <br /> i6 <br /> II )[[IiI <br /> f h 1 <br /> iill <br />