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League of Minnesota Cities <br />April 26, 1990 <br />To: <br />183 University Ave. East <br />St. Paul, MN 55101 -2526 <br />(612) 227-5600 (FAX: 221 -0986) <br />Member cities and agents, LMCIT Property /Casualty <br />Program <br />From: Property Valuation Service <br />On March 12, 1990, we sent cities a memo announcing a low -cost <br />valuation program that we have established with the assistance of <br />American Appraisal Associates. Since a number of the cities <br />needed more time to complete their worksheets and to gain <br />authorization, where needed, from their city councils, we have <br />extended the response date. If you elect to take advantage of <br />this one -time opportunity, please complete the earlier worksheet <br />or the attached copy and return it to American Appraisal by May <br />21, 1990. The address is shown on the bottom of the form. <br />As a reminder, American Appraisal has provided this insurance <br />pool service to cities and other government entities in many <br />other states. A major reason for the low cost of this service is <br />the efficiency realized in providing the service to a number of <br />government entities at one time. We anticipate that the service <br />will be offered at this time only and will be performed during <br />June and July of this year. <br />The League of Minnesota Cities has tested American Appraisal's <br />service and has found it to provide the values needed for <br />accurate insurance placement. There are a number of benefits to <br />having an insurance appraisal done including avoiding over or <br />underinsuring your buildings and contents. <br />For more information on this service, please refer to my earlier <br />memo, call me at the League office, or call Patti Fish at North <br />Star Risk Services (612- 861 - 8616). <br />Page 47 <br />