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ain tho <br /> n <br /> ta ille <br /> DATE - A P PROVAL = <br /> November 22, 1989 <br /> TO : <br /> City.-Counc-ilmembers <br /> FROM : <br /> Sue VanderHeyden, Assistant to the CitV Manager <br /> ITEM : INSTITUTIONAL FEE ON THE LEAGUE OF MINNESOTA CITIES INSURANCE <br /> TRUST (LMCIT) <br /> A number of cities in -the metropolitan area have- -become concerned about <br /> the 1.5% institutional fee charged to the LMCIT to fund League projects <br /> that benefit all League members, not just those that participate in the <br /> LMCIT. <br /> These cities are using the following resolution to formally object to <br /> the institutional fee and its use by the League. <br /> A copy of a memo from Millie MacLeod is enclosed in your weekly report. <br /> This memo, along with the resolution, explain the institutional fee and <br /> its uses. <br /> Please contact me before the Council meeting if you would like more <br /> information or have any questions. <br /> :cjkll. 28.89 <br />