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RIVER <br />16 MA N STREET · SUITE 107 · ELK RIVER, MINNESOTA 55330 ° (612) 441-2500 ° FAX (612) 441-6714 <br /> <br />February 28, 1997 <br /> <br />Lori Johnson Warner <br />City of Elk River <br />13065 Orono Parkway NW <br />Elk R_tver, _MN_. 55330 <br /> <br />Subject: Northbound Liquor <br /> <br />Dear Loft, <br /> <br />This letter is a follow up of our phone conversation concerning the renewal on the <br />insurance for Northbound Liquor. <br /> <br />We've taken the oppommity of shopping this with a number of our companies and the <br />current program is still competitively priced, based on the coverage provided. The <br />renewal premium will be $7,800.10. I could not find anyone more competitive on the <br />liquor. If we could, then we obviously could take all the property coverages and put them <br />back under the League of MN Cities policy. <br /> <br />I am please to find out, however, there is another market coming in to Minnesota that is <br />being underwritten by a quality company. They say they want to write municipal <br />business. As soon as we have their applications and rates, I will have them quote <br />Northbound to see how they stack up in comparison with what we currently have. We <br />will not wa/t '&nti! renexval to do ~hat because if ~ere is a substantial sav~gs, we can <br />always cancel the current policy and rewrite with the new company. As soon as I have' <br />completed that process, I will get back to you. <br /> <br />We have ordered the renewal from the company which is effective 04-01-97. If you <br />have any questions, please give me a call. <br /> <br />Regards, .'. -' <br />Daniel B. Greene <br /> <br />Business, Home, Auto, Life. Health, Disability <br /> <br /> <br />