4/9/2024 - Leelanau Township Board | Meeting Packet for April Session

Summary

The document details monthly and annual fire incident reports for 2024 and outlines agreements between the Northport Leelanau Township Utility Authority (NLTUA) and Leelanau Township regarding services and compensation, along with renewal notices for bonds and insurance. Key decisions include the confirmation of service agreements and the renewal of insurance policies at stable rates.

Public comments

No public comments were mentioned in the document.

Affordable housing initiatives

No discussion regarding affordable housing initiatives was included.

Parks and recreation matters

No matters related to parks and recreation were discussed in the document.

Infrastructure projects

The document contains an agreement between NLTUA and Leelanau Township concerning the financial arrangement for the management of accounts related to utility service. Under the agreement, the Township will manage debt service payments and records, receiving compensation of $7,635.50 annually from NLTUA. The effective date for this agreement is March 1, 2024, with a termination clause allowing either party a 90-day notice for termination.

Other Business

The document includes renewal notices for an insurance bond, specifying a bond amount of $65,000.00 and an annual premium due of $298.00 by April 18, 2024. Additionally, it states the renewal of group life and disability insurance policies starting May 1, 2024, with a commitment to maintain premium rates for two years.

Financial Summary

- The NLTUA agrees to pay the Township $7,635.50 annually for servicing debt. - Bond amount is specified at $65,000.00 with an annual premium of $298.00 due by April 18, 2024.

Action Items

1. NLTUA to start compensating Leelanau Township $7,635.50 annually for Deputy Treasurer services from March 1, 2024. 2. Ensure payment of the bond premium of $298.00 by April 18, 2024. 3. Review and finalize the renewal of life and disability insurance policies before May 1, 2024.