09-26-1994 CC MIN - Laserfiche WebLink

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City Council Minutes September 26, 1994 Page 2 e COUNCILMEMBER HOLMGREN MOVED TO APPROVE THE EXISTING GARBAGE, REFUSE, AND RECYCLING AGREEMENT WITH BFI, INC. COUNCILMEMBER FARBER SECONDED THE MOTION. THE MOTION CARRIED 5-0. 4.2. Consider Property, Liability, Worker's Compensation and other Insurance Renewals Dan Greene, the City's Insurance Agent stated that the City's insurance policies for liability, workers' compensation, and property and miscellaneous policies are due on October 1. Mr. Greene reviewed the City's existing policies. Mr. Greene explained that the City's municipal liability insurance increased in 1994/95; however he will be reviewing the deductible which could reduce the $117,000 premium. Dan Greene reviewed premium options available to the City. He indicated that there is a Petro Fund insurance available which picks up the 10% not covered by the Superfund for environmental issues. Mr. Greene reviewed the options of purchasing excess liability insurance and Open Meeting Law Insurance. It was the Council consensus to not purchase any of these policies at this time but to request the City Attorney to research the necessity for insurance coverage on the Open Meeting Law. e Dan Greene reviewed the options available under the Worker's Compensation insurance. He reviewed the option of retrospective rating. The Council felt this was too risky and agreed to not go with this option. Mr. Greene also reviewed the option of implementing a deductible. Discussion was held regarding the amount of deductible that the City should use. After reviewing the calculations, it was determined that it would be possible to reduce the City's worker's compensation premium by $10,000 with a $2,500 deductible. COUNCILMEMBER SCHEEL MOVED TO AUTHORIZE THE CITY TO SELECT THE $2,500 DEDUCTIBLE FOR THE WORKERS' COMPENSATION INSURANCE. COUNCILMEMBER HOLMGREN SECONDED THE MOTION. THE MOTION CARRIED 5-0. Finance Director Lori Johnson informed the Council that the Library Staff and Elk River Utilities Superintendent were invited to discuss this issue. COUNCILMEMBER DIETZ MOVED TO APPROVE THE RENEWAL OF THE CITY'S INSURANCE PACKAGE AS PRESENTED INCLUDING THE $2,500 DEDUCTIBLE IN WORKERS' COMPENSATION INSURANCE. COUNCILMEMBER FARBER SECONDED THE MOTION. THE MOTION CARRIED 5-0. Council member Dietz left at this time. 4.4. Review 1993 Wastewater Treatment Plant Annual Evaluation and Planninq Survey It WWTP Superintendent Darrell Mack reviewed the 1993 Annual Evaluation and Planning Survey Report from the Minnesota Pollution Control Agency. During his review, Mr. Mack noted that Sections 1 and 2 are areas of concern that will be corrected by the Treatment Plant upgrade currently under construction. Mr.