HomeMy WebLinkAbout1983-06-29 Board of Selectmen Minutes SELECTMEN'S ACTION
and
VOTE OF JUNE 29, 1983
The Law Committee Meeting of June 28, 1983 took action in a case against
the Town of Reading, and the Reading Board of Appeals brought by the Stoneham
Savings Bank. This action consisted of approving the following motion by
Carl Amon: The Law Committee authorized the expenditure of $5,000 to Forum
Insurance to represent the Town in said legal actions with the proviso that
Town Counsel be allowed to file his appearance for the Town and participate
in all matters relating to the said legal action, including settlement of
the suit.
The five thousand dollars was the deductible portion of the Town's Public
Liability Insurance held by Forum Insurance Company. As the insurance policy
and expenditure of insurance money is under the authority of the Board of
Selectmen, the Chairman of the Board, John Russell, instructed the Executive
Secretary to poll the members of the Board of Selectmen to see if they would
approve expending this money from the Insurance Deductible, set aside in the
Insurance Budget. All members of the Board of Selectmen voted to approve the
action.
7/5/83