Quantcast

Glenville buys $1M water plant insurance

Town water supply study group appointed to new committee

Glenville Supervisor Christopher Koetzle, right, swears in councilman John Pytlovany, left, during the town’s organizational meeting on Wednesday, Jan. 5.

Glenville Supervisor Christopher Koetzle, right, swears in councilman John Pytlovany, left, during the town’s organizational meeting on Wednesday, Jan. 5. Photo by John Purcell.

— Glenville officials are making plans to stay afloat should historic flooding once again hit the area.

The Glenville Town Board held its organizational meeting on Wednesday, Jan. 4, following the swearing in ceremonies for officials elected in November. There were the standard annual resolutions needed to prepare for the year ahead, but there were some new initiatives approved, as well.

The town board unanimously approved insuring the town water plant, located at 24 Van Buren Lane, for a total of $1 million through two different plans. The town is purchasing $500,000 worth of insurance, subject to a $50,000 deductible, through FEMA for a cost of $6,517. The town will use $499 from the town water fund balance in the buy.

Supervisor Christopher Koetzle said the town could only insure the water plant up to $500,000 through FEMA, but town officials deemed insurance up to $1 million appropriate for the property.

“We believed it would be prudent for us to insure that plant against damage caused by flooding,” Koetzle said. “It was obviously as a result of the historic flood that we witnessed with Irene that really brought to light the clear danger that our water plant is in.”

Another $500,000 of insurance is being purchased through Argonaut, also with a $50,000 deductible, at a cost of $950 by coupling it with FEMA’s coverage. The $950 will also come from the water fund balance.

“Cool Insurance (one of the town’s insurers) recommends that we get this coverage, we have a lot of risks coming at us,” said Town Comptroller George Phillips. “There is a lot of pros and cons that you can think about, but the best advice that we got at this point is that we probably should buy coverage.”

There wasn’t previously flood coverage because the water plant is located in Flood Zone A, meaning the plant was not thought to be in significant danger of being flooded, according to Koetzle. During recent flooding, he said water came “within feet” of the plant.

0
Vote on this Story by clicking on the Icon

Comments

Use the comment form below to begin a discussion about this content.

Sign in to comment