07-25-1978 CCM (2)Fj
MINUTES
SPECIAL MEETING - HUTCHINSON CITY COUNCIL
TUESDAY, JULY 25, 1978
The special meeting of the City Council was called to order at 4:00 P.M. by Mayor D.
J. Black, with the following members present: Aldermen Westlund, Peterson and Hunt -
work, in addition to Mayor Black. Absent: Alderman Gruenhagen. Also present were:
City Attorney Schantzen, Administrative Assistant Plotz, and City Engineer/Public Works
Director Priebe.
Mayor Black read the Notice of Bond Sale, $1,210,000 Improvement Bonds of 1978, City
of Hutchinson, Minnesota. He then called on Mr. Bob Sander, Juran & Moody, Inc. to
present the bonds.
Mr. Sander reported the Improvement Bonds have received an "A" Rating and the structure
is similar to that of the last few issues of bonds. Four bids were received, and they
all qualify for bidding.
The bids received and opened were as follows:
First Nat'l. Bank, Mpls.
Bancnorthwest (Mpls.)
Dain, Kalman & Quail (Mpls.)
Northern Trust
PURCHASE
TOTAL INTEREST
NET INTEREST
PRICE
COST
RATE
$1,198,202.50
$452,565.00
5.33%
1,196,084.99
456,167.51
5.37
1,197,295.00
458,265.00
5.39
1,196,407.30
461,987.70
5.44
After discussion, it was moved by Alderman Westlund to refer the bids to the City At-
torney and Mr. Bob Sander for review and recommendation. Seconded by Alderman Peter-
son, the motion unanimously carried.
Amended Publication No. 2079 entitled Invitation for Proposals, Group Insurance for
Employees of the City of Hutchinson was read by Mayor Black. The following bids were
then opened:
COMPANY MEDICAL
Blue Cross & Plan I
Blue Shield $20.95 Employee (Monthly)
40.75 Dependents (Monthly)
$65.00 Room with Maternity
Plan I -A
$19.60 Employee (Monthly)
34.38 Dependents (Monthly)
$65.00 Room without Maternity
LIFE/AD&D LTD
Council Minutes
July 25, 1978
COMPANY MEDICAL
Blue Cross & Plan II
Blue Shield $21.81 Employee (Monthly)
(Cont.) 42.47 Dependents (Monthly)
Full Semi-Pvt. with Maternity
Plan II -A
$20.45 Employee (Monthly)
36.10 Dependents (Monthly)
Full Semi-Pvt. without Maternity
LIFE/AD&D LTD
37� per 1,000; 600,; % of Monthly
9� per 1,000 Compensation
(Mn. Mutual Bene -69( - Full Maternity
fit Life Ins.) to be Treated as
Illness
(Mn. Mutual Bene-
fit Life Ins.)
United of Omaha $20.93 Employee (Monthly) 62�. per 1,000; No Bid
41.15 Dependents (Monthly) 6�. per 1,000
(United Bene-
fit Life)
Nordin Ins. Co. $22.25 Employee (Monthly) 60G per 1,000;
(Glencoe) 47.70 Dependents (Monthly) Includes AD&D No Bid
(Wisconsin Employers) (Wisconsin
Employers)
Washington Natl. No Bid 49c, per 1,000; No Bid
Insurance Co. 8( per 1,000
Crown Life $20.06 Employee (Monthly) 53� per 1,000; No Bid
40.31 Dependents (Monthly) 5�_ per 1,000
St. Paul Life No Bid 40C per 1,000; No Bid
Insurance Co. 51� per 1,000
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Council Minutes
July 25, 1978
COMPANY
MEDICAL
LIFE/AD&D
LTD
Equitable Life
$28.03 Employee (Monthly)
53� per 1,000;
34� per 100;
Assurance Co.
51.17 Dependents (Monthly)
7,,' per 1,000
43r,' if awarded
LTD only
Phoenix Mutual
No Bid
46� per 1,000;
No Bid
.056G per 1,000
Safeco Life Ins.
No Bid
46(,' per 1,000;
No Bid
of America
90 per 1,000
Paul Swanson, Agent
No Bid
43�_ per 1,000;
Mpls.
50 per 1,000
(Mfgs. Life Ins.)66(,, per 100 -
42� per 1,000;
Full Maternity;
50 per 1,000
60�, per 100
(Mutual Benefit)
(Mutual Benefit)
Western States Life
No Bid
40G per 1,000;
No Bid
Ins. (Fargo, N.D.)
60 per 1,000
After discussion, it was moved by Alderman Westlund to refer the bids for group insur-
ance to the Administrative Assistant for review and recommendation at a special Council
meeting called for Thursday, July 27, 1978 at 9:00 A.M. Seconded by Alderman Huntwork,
the motion unanimously carried.
Mayor Black appointed Alderman Westlund to consult with the Administrative Assistant
in reviewing the group insurance bids.
There being no further business to come before the Council, the meeting was adjourned
at 4:40 P.M.
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