The recent alleged embezzlement case in the Town of Paonia has spurred the Town of Hotchkiss town council to take action.
At their Valentine's Day council meeting, the trustees voted to increase their coverage for excess crime insurance.
Currently, the town's policy only covers them for $150,000. The cost to up the Trusted Employee Embezzlement Insurance would be $600 for $2 million in coverage.
The trustees and staff discussed whether the town could get by with just $500,000 in coverage. But with the cost of public works projects in excess of a million dollars and with the town having large reserves, it was deemed wise to pay the $600 annually to increase the coverage to $2 million.
The vote was split though, with trustees Jim Roberts, Lindee Cantrell and Dustyn Foster in favor and Marlin McCracken and Georgia Hopper opposed.blog comments powered by Disqus