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Committee forwards $100,000 appropriation to reimburse property owners for fire-claim repairs; funds from insurance escrows

5834848 · September 15, 2025

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Summary

The finance committee voted 5-0 to forward a $100,000 appropriation to release insurance-held funds to property owners after property is returned to code; staff said these are not general-fund dollars but insurance escrows held for claims.

The finance committee voted 5-0 to forward to the full council a $100,000 appropriation tied to property-management fire claims. City staff said the funds are held from insurance companies, not from the general fund, and are released to property owners once properties are brought back up to code.

A staff presenter explained the process: insurance funds are collected and held by the city; when required repairs are completed and the property meets code, the city releases those funds back to property owners to pay for repairs or claims.

The committee did not change the city’s general-fund budget; the appropriation reflects insurance-held money that the city manages as part of property-claim settlements.