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<br /> <br />coverage option was not cost-effective has not changed. We continue to <br />recommend a declination for this coverage option. <br /> <br />If the Council has any other questions, I will be happy to address them at your meeting, <br />with Staff, or at any other time convenient for you. Based on the continued stability and <br />superior coverage offerings, I can recommend the Council pass a motion to accept the <br />LMCIT renewal offer at $265,381, for the July 1,2005 to July 1,2006 coverage period. <br /> <br />Thank you for placing your confidence in First National Insurance Agency and me. I <br />appreciate the opportunity to work with, and for, the City of Elk River! <br /> <br />Respectfully, <br /> <br />Mary Eberley, CPCU <br />Agent <br />