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t,t, ar;ria% <br />515 Little Canada Road, Little Canada, MN 55117-1600 <br />(651) 766 -4029 / FAX: (651) 766 -4048 <br />www.ci.lilCle- Canada. nm.us <br />MEMORANDUM <br />TO: Mayor Blesener and Members of the City Center <br />FROM: Joel Hanson, City Administrator <br />DATE: May 7, 2008 <br />RE: Property Damage Release — City Center Building Damage <br />MAYOR <br />Bill Blescncr <br />COUNCIL, <br />Ride Montour <br />Barbara Allan <br />John Keis <br />Michael McGraw <br />ADh1INISTRATOR <br />Joel R. Hanson <br />Attached is a Property Damage Release which the League of Minnesota Cities Insurance <br />Trust requests that the City execute relative to the claim involving the damage to the City <br />Center building in January of 2007. The release is needed by the insurance company in <br />order to close the claim. <br />Attached are the details of the claim which amount to $47,756.05. It should be noted <br />that the insurance company provided for some depreciation of the office equipment <br />($256.25). The total cost of City Center repairs were $59,903.63. Therefore, the costs <br />beyond the $47,756.05 claim are the responsibility of the City. <br />The City has received $45,256.05. Upon execution of the Property Damage Release, the <br />City will receive reimbursement of its $2,500 deductible. <br />1 <br />