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i- <br />! <br />: ' <br />if: <br />fc <br />12491.2 -7✓ <br />TO; <br />FROM: <br />DATS: <br />Mack E. Bernhardson, City Administrator <br />Thomas M. Kuehn, Finance Director • <br />January 24, 1991 <br />COUNCIL MEETING <br />JAN 2 8 1991 <br />CITY OF ORONO <br />SUBJECT: Insurance Agent of Record Agreeerant and Additional <br />Vehicle Insurance 1991 <br />Attachment: A. Agent of Record Agreeemnt <br />ISSUE - Approval of 1991 insurance agent of record and award of <br />additional 1991 vehicle insurance. <br />DISCUSSION - The City of Orono Agent of Record Agreeemnt with Mr. <br />Duweyne Carlson of the Apple Valley Agency needs to be updated <br />and signed for policy year 1991. We were very satisfied with <br />Mr. Carlson as he continued his high level of service to the City <br />during 1990. The fee for service for 1991 is $6,800 which is an <br />increase of $300 from 1990 and is included in the 1991 insurance <br />budgets. The agent fee is reduced by commissions earned through <br />the policy premiums paid by the City. For example the fee for <br />service in 1990 was $6,500.00 but after applying the commissions <br />the City's direct cost was $1,756.95. I have attached a copy of <br />the Agreement for Agent of Record for 1991. <br />We have received the additional premium cost fo:: the vehicles not <br />quoted in the original renewal package for 1991. The additional <br />amount is $2,279 increasing the total vehicle insurances amount <br />from $6,594 to $8,873. The total estimated renewal for all 1991 <br />insurances is $152,615 compared to the 1991 budget of $158,600. <br />The additional vehicles insurance is included in the LMCIT <br />package which has coverage of all the city vehicles. <br />TO: <br />FRO <br />Mayor and City Council <br />Mark E. Bernhardson, City AdministratS£j»0 <br />Forwarded recommending approval. <br />PROPOSED MOTION - Moved by seconded by to appoint Mr. <br />Duweyne Carlson, Apple valley Agency, as Insurance Agent of <br />Record for 1991 at a fee not to exceed $6,800.00 including <br />commissions earned through policy premiums paid by the City; and <br />to award the 1991 insurance for the additional City vehicles to <br />the LMCIT effective January 1, 1991, as proposed. Ayes __, Nays