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Mounds View City Council August 25, 2003 <br />Regular Meeting Page 9 <br />;~ <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />2 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />29 <br />30 <br />31 <br />32 <br />33 <br />34 <br />35 <br />36 <br />37 <br />38 <br />39 <br />40 <br />41 <br />42 <br />4 <br />~3 <br />45 <br />F. Resolution 6081, a Resolution Authorizing Insurance Policies for the Year <br />July 2003 through June 2004. <br />Finance Director Hansen reviewed the insurance policy renewals with Council indicating that the <br />premiums rose substantially this year as a relatively low claims year dropped off and a higher <br />claim year was added. He then indicated that despite the increase Staff recommends renewal <br />with the League of Minnesota Cities as any profit is returned to the City in terms of dividends. <br />Council Member Stigney asked what the liquor. liability coverage is for. <br />Finance Director Hansen indicated it was for the sale of beer at the golf course. <br />Council Member Stigney asked if that is accounted for by the golf course. <br />Mayor Linke asked what protection the open meeting law coverage provides and whether <br />Council Members are individually covered. <br />Finance Director Hansen indicated that it provides for defense of the City in the event that <br />someone alleged a violation of the open meeting law but he is not sure whether or not it would <br />provide protection to individual Council Members. He then offered to review the policy and <br />provide a report to Council <br />MOTION/SECOND: Many/Stigney. To Waive the Reading and Approve Resolution 6081, a <br />Resolution Authorizing Insurance Policies for the Year July 2003 through June 2004. <br />Ayes - 5 Nays - 0 Motion carried. <br />G. Resolution 6082, a Resolution Setting an Interest Rate and Administrative <br />Fee for Special Assessments Certified During 2003. <br />Finance Director Hansen indicated that the City would be doing a number of special assessment <br />levies this fall and he feels it would be most fair to set certain factors for all assessments. The <br />first is to set an interest rate and the second is a one time administrative fee for each parcel <br />included in the levy. He then recommended setting the interest rate at 4.5% and an <br />administrative fee of $25.00. <br />MOTION/SECOND: Quick/Marty. To Waive the Reading and Approve Resolution 6082, a <br />Resolution Setting an Interest Rate and Administrative Fee for Special Assessments Certified <br />During 2003. <br />Ayes - 5 Nays - 0 Motion carried. <br />10. APPROVAL OF MINUTES <br />A. City Council Minutes August 11, 2003 <br />