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i <br />D <br />Ll <br />MEMO TO: Mayor and Council <br />FROM: Finance Director -Treasurer Brager �!J <br />DATE: April 14, 1988 �J\ <br />RE: 1988 INSURANCE <br />Our insurance agent, Charles E. Clysdale, Maguire Agency, Inc., <br />will be present Monday to review an insurance proposal for our <br />1988 renewal on May 1, 1988, Basically the League of Minnesota <br />Cities Insurance Trust (LMCIT) will provide all coverages, <br />except Worker's Compensation, at a cost of $66,180. Worker's <br />Compensation would be purchased from State Fund Mutual at a cost <br />of $51,938. Total insurance premiums are $118,118 for 1988 <br />compared to $123,339 for 1987. The total proposed 1988 cost of <br />$118,118 is $20,694 under the budgeted amount of $138,812 for <br />1988. As previously mentioned our agent, Charles Clysdale, will <br />be present Monday evening to review the insurance proposal and to <br />answer any q—stions you might have. <br />DB/ds <br />P "achment: <br />cc: City Attorney <br />