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Elk River .M <br /> Municipal Utilities <br /> 13069 Orono Parkway <br /> P.O. Box 430 <br /> Elk River, MN 55330 <br /> (763) 441-2020 <br /> UTILITIES COMMISSION MEETING <br /> TO: FROM: <br /> Elk River Municipal Utilities Commission Theresa Slominski—Finance Director <br /> John Dietz, Chair <br /> Daryl Thompson,Vice Chair <br /> Allan Nadeau, Trustee <br /> MEETING DATE: AGENDA ITEM NUMBER: <br /> March 19, 2013 2.5 <br /> SUBJECT: <br /> Resolution—Insurance Agent of Record Services <br /> BACKGROUND: <br /> We have been with our current Insurance Agent of Record, Liberty Insurance Agency, formerly <br /> First National Insurance, for over twenty years. For due diligence, we partnered with the City <br /> and put out for bid these insurance services. <br /> DISCUSSION: <br /> We received proposals from nine different agents and a committee consisting of Cal Portner, <br /> Tim Simon, Lori Ziemer, Lauren Wipper, John Cunningham, and myself reviewed the proposals <br /> and selected four agents to interview. We interviewed on Friday, March 86 and the committee's <br /> final selection for an agent is Northern Capital Insurance Group due to their research, <br /> recommendations, experience and price. At the interview this agent clearly demonstrated their <br /> experience in the field and with the League of Minnesota Cities in discussing their understanding <br /> of our insurance as it exists today and wanting to make recommendations for claim management <br /> and cost reduction in the future. This firm's fee is significantly less than our current agent, and <br /> we are hopeful there will be premium reductions realized as well. <br /> ACTION REQUESTED: <br /> Staff requests approval of attached resolution for Insurance Agent of Record, contingent on the <br /> City Council approval Monday, March 18`h, 2013. <br /> Rinfl 'WIRED 11 <br /> a NATURE <br /> Reliable Public P o w F R F n T o S E R V E <br /> Power Provider <br />