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TO: Mayor and City Council <br />v <br />FROM: ftark Bernhardson, City Administrator\ <br />DATE: December 28, 1985 <br />SUBJECT: 1986 Insurance Renewal <br />Attached are the following schedules for insurance renewal: <br />a.) Premium Summary Comparison 1985-1986 (includes <br />summary of coverage changes) <br />b.) Budget - Premium comparison for 1986 <br />The total renewal premium is $10,742 under what was budgeted. <br />This was principally because we had over estimated the amount of <br />increase for workers compensation. <br />It should be noted our agent of record Dewy Carlson went to <br />extensive efforts to obtain better quotations but the search was <br />not fruitful because of the difficult insurance market condition. <br />RECOM14EFDATIO14 - The staff recommends award of bijs to the <br />companies listed in Schedule A. <br />PROPOSED MOTION - Noved by , secor.;ed by that the City <br />award insurance�bid to the <br />firms listed in Schedule A. Ayes <br />;� <br />Nas <br />i <br />