The City of Yorkton are the new owners of a sculpture which has been in the city for several years, but City Council declined to insure its new asset at its regular meeting June 27.
The donation was made by the Yorkton Arts Council.
"The Yorkton Arts Council purchased a sculpture in 2007 from Saskatoon sculptor Floyd Wanner when it was placed on display on the Godfrey Dean Cultural Centre grounds," explained Darcy McLeod, Director of Community Development, Parks & Recreation.
The sculpture is carved from dolomite and terrazzo, sits of six feet high, and is valued at $15,000, detailed a report circulated to Council.
McLeod told Council that in accepting the donation, and because of the value of the sculpture adding it to the City's insurance policy was being considered.
"Including the sculpture in the City's policy will cost an additional $134 per year and will hold a deductible of $10,000. The sculpture has not been the target of any vandalism while on the Godfrey Dean grounds and any damage likely wouldn't reach the deductible limit," he said.
Councillor Ross Fisher questioned the value of insuring the piece since the deductible is $10,000 on the City policy.
"With minor vandalism we're not going to make a claim," he said.
Mayor James Wilson questioned whether there was an issue of liability if the City were not to insure the sculpture?
McLeod said the City's insurance broker did not see a liability issue.
Coun. Chris Wyatt wondered if there was a policy option with a lower deductible.
However City Manager David Putz said the $10,000 was standard on the policy "to keep our insurance premium down."
In the end Council was unanimous in accepting the donation, but did not add the sculpture to the City insurance policy.
