Laserfiche WebLink
ensuing calendar year) . <br /> B. The Commission shall submit a report to each of <br /> the City Councils and School Districts not later than the <br /> last day of February of each year. Such report shall <br /> contain: <br /> 1. A description of the program activities and <br /> accomplishments of the past year; <br /> 2 . An itemized statement of the various sum of <br /> money received from all sources and an itemized statement of <br /> the expenditures of such monies. <br /> Section 5 . Insurance. <br /> insurance protecting itself and its commissioners against any <br /> usual and customary liability claims arising out of the <br /> operation of the recreation program, including North Metro <br /> Recreation Commission employee actions, in amounts which <br /> shall, be adequate and, comply with the requirements of Minn. <br /> Stat. #466 Section 04 . The policy shall name the Cities and <br /> School District as additional named insureds. <br /> B. Said policy shall provide for 30 days notice of <br /> cancellation to Cities and School Districts and provide for <br /> the ability of Cities and/or School District to vary premiums <br /> and receive credit against budget contributions. <br /> C. The Commissions can either purchase insurance of <br /> participate in a pooled self-insurance program. <br /> ARTICLE IV <br /> FINANCIAL <br /> Page 10 <br />