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Case #5: Insurance Agent of Record for 1996 <br /> <br />Finance Officer Hart stated that the agreement with the Insurance Agent of Record will <br />expire on December 14, 1995. The City has contracted with Michael Hadtrath of Corporate <br />4 Agency, Inc. (formerly Hadtrath & Associates Inc.) since 1988 and he has quoted a price <br />of $2,200 which is the same as the current year. <br /> <br />Motion by Councilmember Beahen and seconded by Mayor Hardin to appoint Corporate 4 <br />Agency, Inc. as the 1996 Agent of Record and to authorize the Mayor and City <br />Administrator to enter into a contract for these services. <br /> <br />Motion carded. Voting Yes: Mayor Hardin, Councilmembers Beahen, Peterson and <br />Zimmerman. Voting No: Councilmember Beyer. <br /> <br />Motion by Councilmember Beahen and seconded by Mayor Hardin to authorize Mr. <br />Hadtrath to begin the bidding process for all 1996 insurance coverages. <br /> <br />Motion carried. Voting Yes: Mayor Hardin, Councilmembers Beahen, Peterson and <br />Zimmerman. Voting No: Councilmember Beyer. <br /> <br />Case #6: Authorization to Place Bond Sale on November 14, 1995 <br /> Council Consent Agenda <br /> <br />Finance Hart reported that she has been working with Bob Thistle of Springsted, and there <br />is a potential refund issue on a TIF bond. We would be looking at a net savings of <br />$38,000. She felt that it would be beneficial to move on this as the market will change <br />significantly after the fa'st of the year. We might have to call a special City Council meeting <br />on the 14th or after to award the sale. She inquired if she should proceed to work with Mr. <br />Thistle and Moody's to get this sale set. <br /> <br />Motion by Mayor Hardin and seconded by Councilmembers Zimmerman to proceed and to <br />place this bond sale on the November 14, 1995 Council Consent Agenda. <br /> <br />Motion carded. Voting Yes: Mayor Hardin, Councilmembers Zimmerman, Beahen, Beyer <br />and Peterson. Voting No: None. <br /> <br />ADJOURNMENT <br /> <br />Motion by Mayor Hardin and seconded by Councilmember Zimmerman to adjourn the <br />meeting. <br /> <br />Motion carded. Voting Yes: Mayor Hardin, Councilmember Zimmerman, Beahen, Beyer <br />and Peterson. Voting No: None. <br /> <br />The regular meeting of the Finance Committee adjourned at 6:58 p.m. <br /> <br />Jessie Hart <br />Finance Officer <br /> <br />Finance Committee/October 24, 1995 <br /> Page 3 of 3 <br /> <br /> <br />