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<br /> <br />Item 5.3. <br /> <br />MEMORANDUM <br /> <br />TO: Mayor and City Council <br /> <br />FROM: Lori Johnson, Finance and Administrative Services Director <br /> <br />DATE: October 17, 2005 <br /> <br />SUBJECT: Insurance Renewal <br /> <br />City Insurance Agent Mary Eberley will be present at Monday's meeting to give a brief <br />presentation on the city's insurance policy renewal, including property, liability, liquor <br />liability, open meeting law, and other related policies. As in past years, the coverage renewed <br />on July 1; however, we just received the final renewal information from the League of <br />Minnesota Cities Insurance Trust (LMCIl). <br /> <br />Attached is a memo from Ms. Eberley that provides information on the rates, changes in <br />coverage, and other issues that affect rates. As the memo states, we are not recommending <br />any changes in the policy; however, more discussion may be needed on a couple issues such <br />as joint powers coverage. Ms. Eberley will highlight the items for discussion at the meeting <br />Monday with the intent that follow-up can occur at a future meeting. <br /> <br />Action Requested <br />The Council is asked to approve the insurance renewal with the LMCIT effective July 1, <br />2005. <br /> <br />s: \ Council\Lori\2005 \InsuranceRenewal.doc <br />