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LAKE ELMO CITY COUNCIL MINUTES FEBRUARY 5, 1985 PAGE 6 on Lake Jane or people going thru the courts from the Sunfish area to prevent any movement of the water. G. Insurance The Council reviewed the letter from Zignego Insurance Agency dated February 4, 1985 in which it is stated that they have submitted applications to insurers requesting bids for property and casualty insurance for the City of Lake Elmo. Three separate proposals were received. These proposals were from (1) CIGNA IN/Aetna Insurance Companies (the current Package carrier); (2) League of Minnesota Cities Insurance Trust (LMCIT) (the current Workers Compensation carrier); and (3) HOME Insurance Company. The low bid is still about $2000 higher than 1984, but the 1985 bid is still lower than what it was in the late 1970's. There are differences between the LMCIT and CIGNA bids that should be noted. The LMCIT is a self-insurance program managed by American Insurance Management Agency, Inc. of Minneapolis and it is not an insurance company. Therefore the LMCIT is not included in Insurance Best Review. The LMCIT does not offer the $1,000,000 limit of liability which is presently provided by CIGNA. Also, it must be noted that Liquor Legal Liability coverages are not available through the LMCIT. We carried the Liquor Legal Liability for the fire department to sell 3.2 beer during some of its activities. Since that is not offered anymore, the fire department can perhaps make arrangements with the Jaycees who have their own insurance for that type of activity. It was further recommended by Zignego that the City of Lake Elmo require Certificates of Insurance for all services contracted. The certificates should indicate that the City of Lake Elmo is included as an additional named insured and that the city will be provided with 30 days advance notice of cancellation. The Administrator noted that although it was not specifically stated (because they did not want to leave anyone out) this suggestion relates to the police. They want to make sure that the city is covered under the counties insurance as we contract with them for police services. The Administrator suggested that the City switch from CIGNA to the League of Minnesota Cities Insurance Trust. M/S/P Christ/Dunn - To accept the recommendation of Zignego Insurance to accept the bid from the League of Minnesota`Cities Insurance Companies in the amount of $9423 for property and casualty coverage, and to accept the umbrella__ iab.ility'insurance bid from Integrity Mutual in the amount of $1750. (Motion carried 5-0). M/S/P Christ/Mazzara - To a_d,jorn the meeting (8;40 p.m.) (Motion carried 5-0) R85-1 Slawson large lot subdivision R85-2 Recommendation regarding safe water supply