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! <br /> <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br />I <br />I <br />I <br />! <br />I <br />I <br />I <br /> <br />Case #5: ilnsurance Agent of Record for 1996 <br /> <br />Finance Officei' Hart stated that the agreement with the Insurance Agent of Record will <br />expire on Dece~ber 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 /> <br />Motion by Cottncilmember Beahen and seconded by Mayor Hardin to appoint Corporate 4 <br />Agency, Inc. ias the 1996 Agent of Record and to authorize the Mayor and City <br />Administrator t.o enter into a contract for these services. <br /> <br />Motion carried. Voting Yes: Mayor Hardin, Councilmembers Beahen, Peterson and <br />Zimmerman. Voting No: CouncilmemberBeyer. <br /> <br />Motion by C. ciuncilmember Beahen and seconded by Mayor Hardin to authorize Mr. <br />Hadtrath to be~n the bidding process for all 1996 insurance coverages. <br />Motion carrie~. 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 r~ported 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 />$38,0ff). Sh~ felt that it would be beneficial to move on this as the market will change <br />significantly af~_ er the first of the year. We might have to call a special City Council meeting <br />on the 14th or ~fter to award the sale. She inquired if she should proceed to work with Mr. <br />Thistle and M '~e~xty's to get this sale set. <br /> <br />Motion by MaYor Hardin and seconded by Councilmembers Zimmerman to proceed and to <br />place this bon4sale on the November 14, 1995 Council Consent Agenda. <br /> <br />Motion carried. Voting Yes: Mayor Hardin, Councilmembers Zimmerman, Beahen, Beyer <br />and Peterson. iVoting No: None. <br />ADJOURNMENT <br /> <br />Motion by M~.yor Hardin and seconded by Councilmember Zimmerman to adjourn the <br />meeting. ~ <br /> <br /> Motion carri.ed~ 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 />(.__.~R/ec ordin g~S eci'e tary ~/ Finance Officer <br /> <br />Finance Committee/October 24, 1995 <br /> Page 3 of 3 <br /> <br /> <br />