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An independent project organizing public records from the City of Nowthen, Minnesota. Not an official city site. Documents and votes are sourced from cityofnowthen.gov; interpretations are AI-extracted and may need correction.

Home/Money/Clusters/$500,000

Cluster · other · no year

$500,000

Verified

Threshold for insurance proceeds distribution between Company and City.

Not promoted to the official baseline.

This cluster is useful evidence for review. It does not drive the budget simulator until an admin confirms the amount against an official source and promotes it.

Corroboration

1docs

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0

Date range

2024-02-28 — 2024-02-28

Every document that mentions this number (1)

Meeting Special City Council Meeting — Agenda Packet (2024-02-28)Feb 28, 2024p.12raw: $500,000
PDF →Auto-extracted
Threshold for insurance proceeds distribution between Company and City.
Net proceeds of any insurance relating to such damage up to $500,000 shall be paid directly to the Company and any amounts in excess thereof shall be deposited with the City, subject to the liens of any outstanding debt.
Reasoning: This is a reference threshold for insurance proceeds handling.