3. Previous Minutes 10-11-2005 - Laserfiche WebLink

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.11 Page 4 Regular meeting of the Elk River Municipal Utilities Commission September 13, 2005 5.6 Purchase Digger Derrick Line Truck , The proposed 2006 budget contains a$180.000 item for trade-in on existing and purchase of a new Digger Derrick Line Truck. Staff is proposing to trade-in a 1996 GNIC Digger Derrick Truck, the last gasoline fueled heavy truck in the fleet. Bids are currently being solicited and bid results will be presented at the October meeting. 5.7 Joint Boards/Commission /Council Meeting On October 10, 2005 at 6.30 pm at the Lions Park Center, a joint meeting between Elk River's Board/Commissions and City Council \\ill be held. John Dietz updated the group as to the council's expectations. 6.1 Proposed Electric Bond Issue The electric bond issue that will be necessary for 2006 infrastructure projects was revisited. The two options discussed were conventional bonding or MMUA's Midwest Consortium of Municipal Utilities (MCMU) bond pool. Anthony Hedlof of MCMU made a presentation. The benefits of utilizing MCMU are the lover costs. Questions arose concerning comparing conventional bonding to MCMU bonding from a cost perspective, and \e hat are the consequences of not drawing down the entire bond issue. Anthony Hedlof will respond. 6.2 Review 2006 Health Plan Renewal The Health Insurance Renewal for 2006 with Blue Cross Blue Shield reflects an increase of 20.6% Jodi Berge from the David Martin Agency addressed the commission via a letter stating the increase and providing some information regarding our history with rate increases. As discussed at earlier meetings,the utilities will be forming a work task group of employees to look at implementing changes to absorb the increase. The commission discussed that they ' would like to look at different options within the BCBS menu of plans, ultimately v ith a reduced cost to the utilities. Staff needs to research the necessity to hid the health insurance. 1 I