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1 make property taxes more understandable and to draw comparisons between 2 the inconsistencies between property taxes paid in the metro area and • 3 those paid by outstate communities. Several municipal newsletters 4 underscoring the points made in the brochure had also been attached for 5 the Council's information'. 6 Councilmember Makowske indicated she thought the explanation Ms. 7 VanderHeyden had given in the latest Newsletter had been excellent and 8 should help residents distinguish just what percentage of their tax 9 bills were attributable to the City. The Councilmember said she was 10 convinced after conversations with a good many residents that many of 11 them had failed to make that distinction and still blamed the City for 12 the cost of services provided by the school and other governmental 13 entities which are paid from City property taxes. 14 favorable Workmen's Compensation Claims Earn City $46,477 Insurance 15 Refund 16 Mr. Childs held up the check from the League of Cities Insurance Trust 17 Fund which the City had earned from a favorable loss experience during 18 1987-1988. He added that several claims this year might result in a 19 smaller check next year, but said he didn't expect a large rise in the 20 . City's experience modification rate because . it would be calculated on 21 multiple year losses and "if the City could make 1989/90 like 1987/88, 22 it would be doing very well. " 23 Staff Recommends Piper Management, Inc. to Manage Proceeds of City's 24 Settlement With Army • 25 Mr. Childs reported he and Ms. VanderHeyden had recently met with 26 -representatives-of- the above- firm who are custodians for the 4K' Fund 27 through the League of Minnesota Cities who had submitted the proposal 28 to manage the City's settlement funds he was distributing to 29 Councilmembers that evening. The City Manager said the management firm 30 also had a program which could set up time schedules for operating the 31 permanent carbon filtration facilities. He also indicated both Ms. 32 VanderHeyden and he had perceived that because of the management 33 company's relationship with the League and the level of trust the staff 34 had been able to build through working with the same people on the 4M 35 Fund, Piper Management might be a good possibility for managing the 36 settlement funds. 37 Manager Again Thanked for His "Seven and a Half Year Tour of Dui With 38 St. Anthony! 39 The Mayor offered the above expression of appreciation especially for 40 the humor Mr. Childs had always added to each of his reports during 41 Council meetings over the years which he said Councilmembers would miss 42 once he's gone. 43 NEW BUSINESS 12 •