City Council Minutes 2022 02 01 - Laserfiche WebLink

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City Council Meeting Minutes February 1, 2022 Page 6 of 12 Councilmember Dickinson asked staff to research the cost from original construction to 2018 to help him understand how big of a pot would be used from an Ordinance and Law rider to get to 2018 construction levels. Mayor Pro Tern Maloney stated we have to look for opportunities to see if we can mitigate this as much as possible. He is happy to see this cost isn't six figures as some have suggested. Important to message that these figures were provided from reputable builders. Councilmember Brown stated he was happy to work with the Division of Insurance on Ordinance and Law Riders to ascertain if the policies cover changes in code since the building was built or from when the policy was obtained. Public Comments Chris Lindsay, 826 Trail Ridge, stated underinsurance is a systemic problem across insurance companies. He is encouraged to see the survey that the city sent out regarding underinsurance. He would like to see the Council put pressure on State Legislature that meaningful legislation is needed to address the dwelling cost. Also asked Council to put pressure on the Insurance Commission and Governor. Martin Ogle, 322 East Raintree Court, suggested the City cover the difference for every homeowner along with incentives from companies. He added that the Governor has also committed resources. Jon Mihaly, 1018 Arapahoe Circle, asked the Council to continue to keep in mind the overall cost to rebuild and that not every policy does include and Ordinance and Law rider. He is concerned this will push some families out of Louisville. Larry Donner, 1020 Willow Place, stated the total net reduction in energy use between the 2021 coded and the 2018 code is only a 4% improvement. Homes built using the 2018 code would be much more energy efficient than most homes in Louisville. He asked Council to consider letting people use the 2018 code to rebuild. Gilbert Compo, 991 Arapahoe Circle, spoke about underinsurance and that the Ordinance and Law rider will not cover the costs. New codes were intended for a slow transition of a few homes per year, not the rebuilding of hundreds of home. He asked Council to allow to people to rebuild to the 2018 code. Lonni Pearce asked that the results of the insurance survey be shared. He noted that the 2018 codes are substantially more sustainable than most of the homes in Louisville. Many who have the capacity may choose to build to the 2021 code. He asked Council to please go to 2018 codes.