HomeMy WebLinkAbout20081201 - VI-13VI-13
MEMORANDUM
TO: Honorable Mayor and City Councilmembers
FROM: Dave Osberg, City Administrator
DATE: November 26, 2008
SUBJECT: Insurance and Risk Management Contract for Services
RECOMMENDED CITY COUNCIL ACTION
Staff would recommend the City Council take action approving an agreement with the
Maguire Agency as the City of Hastings Agent of record, on behalf of the City's
insurance, through the League of Minnesota Cities Insurance Trust. The agreement would
be for a three year period expiring on December 31, 2011.
BACKGROUND
In November, 2005 the City Council approved action that resulted in the MaguireAgency
serving as the Agent of Record for the City of Hastings insurance program, through the
League of Minnesota Cities Insurance Trust. The agreement was for a three year period,
expiring on January 1, 2009. At that time, the annual fee was set at $13,400. The
information submitted by the Maguire Agency outlines an annual fee of $10,000, thus a
reduction of over $3,000 from the last agreement. The City did receive interest from
another Agency, The Ensure Agency located at 1112 Highway #55 in Hastings
represented by Al Johnson. Ensure proposed a fee commission of $1,000/month for the
services required, resulting in an annual fee of $12,000.
The additional experience of the Maguire Agency, level of excellent service provided by
the Maguire Agency over the years, combined with the lower annual fee, results in the
Staff recommendation that the City Council take action approving the three year
agreement with the Maguire Agency.
David M. O:
City Admin}
cc. ~/Al Johnson, Ensure
Jeff Erager, Maquire Agency