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PIEPIORANDUM <br /> <br />Item 5.2. <br /> <br />TO: <br /> <br />Mayor and City Council <br /> <br />FROM: <br /> <br />Lori Johnson, Finance Director <br /> <br />DATE: <br /> <br />August 16, 2004 <br /> <br />SUBJECT: Insurance Renewal <br /> <br />City Insurance Agent, Mary Eberley, and I will be present at Monday's meeting to provide <br />information on renewal of the city's insurance policies including property, liability, liquor <br />liability, open meeting la,v, and other related policies. The current coverage actually expired <br />July 1; however, because the League of Minnesota Cities Insurance Trust (LMCIT) was <br />unable to complete underwriting and renewal by July 1, a binder was issued effective July 1 <br />to ensure continuous coverage. <br /> <br />Unfortunately, the renewal information has not yet been received from LMCIT; however, <br />we do expect to receive it prior to Monday's meeting. Therefore, detailed information on <br />the premium and other issues will be presented ar the meeting. <br /> <br />S: \Council\Lori~2004MnsuranceRenewal.doc <br /> <br /> <br />