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Page 2 <br />Regular meeting of the Elk River Municipal Utilities Commission <br />November 15, 2011 <br />3.1 Consider Consent Agenda <br />Daryl Thompson moved to approve the Consent Agenda as follows: <br />a. October Check Register <br />b. October 11, 2011 Regular Meeting Minutes <br />c. Financial Reports <br />Al Nadeau seconded the motion. Motion carried 3-0. <br />OPEN MIC <br />No one appeared for open mic. <br />4.3 Review and Consider Long Term Care Insurance Option <br />At the October 11, 2011 ERMU Commission meeting, Gary Marx of LTC Financial Partners <br />gave a presentation on Long Term Care insurance. Staff was directed to determine if employees were <br />interested in this additional type of insurance. Staff had Gary Marx meet with employees to educate <br />them on the advantages and disadvantages of LTC insurance. The employees were presented with a <br />range of $20 to $120 for the possible premium. The employees were interested in the insurance but <br />were hesitant to move forward without better pricing information. The premium is based on age, <br />health status, and plan design. Under the proposed program, the LTC plan is tailored to the financial <br />needs and budget of each individual employee and their family. If accepted, the insurance <br />representative would meet individually with each employee and family to access and develop a plan <br />design and pricing that would fit their individual needs. <br />Theresa Slominski introduced Gary Marx of LTC Financial to talk with Commissioners and <br />answer any questions. Pricing for the LTC insurance was provided. Discussion followed. Daryl <br />Thompson asked if the employees were really interested in this program. Troy Adams responded that <br />there was interest but the employees didn't want this to affect any raise. John Dietz stated he would <br />rather wait until December for the wage and negotiations decision as this would be a part of the <br />benefit package if ERMU paid, but would not be if the employees paid. John Dietz and Al Nadeau <br />both stated they were not ready to decide at this time. Consensus was to wait until the December <br />ERMU Commission meeting to make a decision. No action taken. <br />4.1 Update on Power Supply Options / Resource Planning <br />Troy Adams updated the Commissioners on what had happened since the last meeting. <br />Confidentiality Agreements have been executed between ERMU and MMPA. Troy Adams said he. <br />has signed a personal confidentiality agreement to be able to sit in on MMPA's meetings and would <br />like a Commissioner to do so also. Al Nadeau offered to do this. John Dietz asked how the private <br />information could be discussed. Troy Adams stated that legal counsel from CMMPA has said that <br />