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i LRRWMO Meeting Minutes September 18, 1991 Page 4 adjacent to Anoka City Hall. Mr. Olson indicated he could get a quotation for that; however, that is where the public liability insurance would come in to play. Mr. Olson left the meeting room briefly to allow members to discuss the issue. Members concurred they would have pre- ferred to be insured under their individual cities' insurance umbrellas; however, there did not seem to be any alternative but to purchase this much needed insurance as a board. weaver indicated he would like to take this matter back to the City Councils, prior to approving the purchase of the insurance, so they are aware this board will be spending this amount of money for insurance out of the reserve this year, but that the following years said expense will have to come from an increased general budget provided by the member cities. He added it is imperative the Councils realize this board must have appropriate insurance coverage. Members discussed when the policy should become effective and from where the insurance premium money for the remainder of this year would come. Erickson indicated we would probably reallocate money to cover the board for the remainder of this fiscal year. There has been $3,000 budgeted out of reserve funds for insurance for fiscal year 1992. Upon Mr. Olson's return to the meeting, Schultz queried whether or not this insurance will cover our hired consultants, both legal and engineering. He noted Skallman was previously heard to indicate he wants coverage under this board for errors and omissions. Mr. Olson stated those consultants and their individual firms would not be covered under this insurance. However, this board relies upon their expertise and their recommendations would be covered. The two consultants would have their own professional liability. However, Mr. Olson did recommend the board require both consultants to provide a Certificate of Insurance regarding their professional liability. The board concurred, directing the Recording Secretary to communicate with the consultants requesting said documents. Upon discussion of when given the present budget and members concurred, a 16, 1991, through January handled in such a manner parties. the coverage would become effective, limitations, Mr. Olson suggested, policy be written effective October 31, 1993. Premium billing would be that was acceptable to the both Weaver queried the possibility of either legislatively or however changing the requirements so these joint powers organizations could obtain insurance under the municipal