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Mounds View City Council June 11, 2001 <br />Regular Meeting Page 14 <br /> <br />Council Member Stigney noted that Mr. Clysdale had complimented the City on losses of only <br />$5,000 and then asked if the City had a $10,000 deductible per event. <br /> <br />Mr. Clysdale indicated that all of the policies with the exception of workers compensation have a <br />$10,000 deductible. He indicated that City Administrator Miller had asked him to run an <br />analysis for premium savings in relation to the amount the City is asked to pay back in <br />deductibles. He then indicated he would compile the information and get it to City Administrator <br />Miller by the end of the week. He further indicated that there may be instances where the City <br />pays directly rather than involving insurance but noted he would not have information on those <br />matters. <br /> <br />Council Member Stigney stated there seems to be a substantial amount of money going out for <br />claims before going to insurance. He then asked if it would make sense to have a $5,000 <br />deductible. <br /> <br />City Administrator Miller indicated she had talked with Mr. Clysdale after being drawn into the <br />insurance issue and had asked for an analysis. <br /> <br />Mr. Clysdale indicated the underwriter could provide an estimate for the difference between a <br />$5,000 and $10,000 deductible. <br /> <br />Mayor Sonterre asked for Staff’s recommendation on the matter. <br /> <br />City Administrator Miller indicated there is a piece of information missing and recommended <br />tabling the matter until the June 25, 2001 Council Meeting. <br /> <br />MOTION/SECOND: Marty/Thomas. To Table this Matter Until the June 25, 2001 City Council <br />Meeting. <br /> <br /> Ayes – 5 Nays – 0 Motion carried. <br /> <br />F. Consider Authorizing the Substitution of $110,000 Oskaloosa, Iowa G.O. <br />Bond for $110,000 Lake Geneva, Wisconsin G.O. Municipal Bonds as <br />Requested by Western Bank as a Result of the Oskaloosa, Iowa G.O. Bond <br />Being Called. <br /> <br />City Administrator Miller indicated this matter had been brought to her attention late last week <br />and stated that Assistant to the Administrator Reed had been told by Western Bank that it is <br />merely a housekeeping matter. <br /> <br />City Administrator Miller indicated that Council Member Stigney had contacted her with <br />questions so she had contacted Western Bank for clarification as there is no documentation <br />available for this matter. She then noted that Western Bank had indicated that it was a <br />housekeeping issue. <br />