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City <br /> <br />MEMORANDUM <br /> <br />Item 5.1. <br /> <br />TO: <br /> <br />FROM: <br /> <br />DATE: <br /> <br />SUBJECT: <br /> <br />Mayor and Council <br /> <br />Lori Johnson, Finance Director ~ <br />July 22, 2002 <br /> <br />Consider Insurance Renewal with League of Minnesota <br />Cities Insurance Trust <br /> <br />The City's liability and property insurance coverage was up for renewal with the League of <br />Minnesota Cities Insurance Trust (I2VICIT) on July 1, 2002. City insurance agent Mary <br />Eberly and I started on the renewal several months ago, and Mary has been working with the <br />LMCIT since that time to try to get renewal information by July 1. Obviously that did not <br />happen and she continues to work with them to get the information. Our intent, of course, <br />was to present this information to the Council in June for the July renewal. <br /> <br />We hope to have a majority of the renewal information by Monday to distribute at the <br />Council meeting. I currently do not have any of the renewal information so nothing is <br />included with this memo. We are also working on several different options for deductibles <br />and new coverage that is available, and we'll present that information on Monday as well. <br />Both Mary and I will be at the meeting to answer any questions. <br /> <br />Action Requested <br />The City Council is asked to renew property, liability, and other coverages with the League <br />of Minnesota Cities Insurance Trust effective July 1, 2002. <br /> <br /> <br />