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FINANCE COMMITTEE <br />CITY OF RAMSEY <br />ANOKA COUNTY <br />STATE OF MINNESOTA <br /> <br />The Ramsey Finance Committee conducted a regular meeting on Tuesday October 23, 2001, at <br />the Ramsey Municipal Center, 15153 Nowthen Boulevard NW, Ramsey, Minnesota. <br /> <br />Members Present: Mayor Thomas Gamec <br /> Councilmember Susan E. Anderson <br /> Councilmember Patti Kurak <br /> Councilmember Terry Hendricksen <br /> .d?~incilmember Gerald Zimmerman <br /> <br />Also Present: "~. :, ' City ~dministrator_ James E. Norman <br /> ~: :::.': ~ Fin~de Officer Diana Lund <br /> ~':~:.i:?:::C'6~~:iD~velopment---'"~ Director Sylvia <br /> Frolik <br /> Director. of Public Works/Fire Chief Dean Kapler <br /> <br />CALL TO ORDER <br /> <br />Chairperson Hendriksen called the regula;,:~ o:f the Finance Committee to order at 6:24 <br /> <br />CITIZEN INPUT <br /> <br />~ere was none. <br /> <br />COMMITTEE BUSINESS <br /> <br />Case ~1: Renewal of Agreement with T.C. Fields~ ~:~Agent of Record and Rate <br /> Increase Proposal for T.C. Field & Compafiy, Ci~'s Insurance Se~ice Agent <br /> Company <br /> <br />Finance Officer Lund stated that T.C. Fields & Company acts as the City of Ramsey's agent of <br />record and assists the City in securing comprehensive municipal property and casualty coverage <br />through the League of Minnesota Cities Insurance Trust. As such, the City renews its insurance <br />service agreement with T.C. Fields on an annual basis. On October 11, 2001, the Assistant City <br />Administrator met with Mark Lenz, the agent of record to review the City's present coverage and <br />anticipated future needs. Mr. Lenz also advised that the City needed to renew its insurance agent <br />service agreement with T.C. Fields for the year 2002 and requested an increase in their fee. <br />Currently the annual fee is $3,500 and increasing the fee 8.5 percent would be approximately <br />$3,800 fbr 2002. T.C, Fields received a 9 percent increase in 2000 for the year 2001. <br /> <br />Finance Committee/October 23, 2001 <br /> Page 1 of 3 <br /> <br />-37- <br /> <br /> <br />