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02-22-1965 HUCMLouis Francis Louis Francis Sa la ry Sala ry 0 There being no further business, the meeting was adjourned. ATTEST :l%/ . J 1� . ��r�esT��denf�,. 0 Fe ear , Spe cial Meeting February 22, 1965. 135 . 97.95 95.2 0 A special meeting of the Hutchinson Utilities Commission was held on February 22, 1965. All Commissioners were present; also S?,pt. Young. Motion was made by Commissioner Tracy and seconded by Commissioner Quade to authorize the President of the Commission to reinvest the Federal Security maturing on March 1, 1965. The motion was unanimously carried. Motion was made by Commissioner Quade and seconded by Commissioner Tracy to contribute$25,000.00 to the General Fund of the City cf Hutchinson before March 1, 1965. The motion. was unanimously carried. The following is a copy of Resolution #'2355 passed by the City Council. Resolution #'2355 WHEREAS, the City Council of the City of Hutchinson did receive a letter from Hutchinson Utilities Commission of the City of Hutchinson, dated January 25, 1965, whereby said Hutchinson Utilities Commission has requested the City Council's approval of a change in the electrical power rates; and, WHEREAS, the City Council. has given due consideration and study to said change in electrical 13ower rates suggested by the Hutchinson Utilities Commission; and, NOW THEFET-ORE, be it resolved by the City Council of the City of Hutch.i.nson that; they do hereby accept and approve + the lowering of electrical power rates as recommended by the Hutchinson Utilities Commission in their above referred to letter cf January 25, 1965. (Adopted by the City Council this 22nd day of February. 1 A Resolution 85 136. Asper resolution #1000 adopted 11 -29 -06 Numbering resolutions from 1936 — 2006 For search purposes only R E S O L U T I O N "RESOLVED. ^:' °gat the Hutchinson Utilities Commission of the City of Hutchins on, Minnesota, having been fully informed that the purchase of Workmen's Compensation insurance on its employees is not a desirahle coverage from the point of view of the insurance carrier; and that the standard rate for carrying the Workmen's Compensation insurance on the employees is high due to an unfavorable loss record by employees of the City of Hutchinson, which loss record was tied to the record of employees of the Hutchinson Utilities Commission; and that a plan is available with the Continental Insurance Companies known as Retrospective Rating Plan nB" by the terms of which the insurance is written for a period of three (3) years at the standard rate based upon the payroll audit and under which a maximum refund of premiun to 52.2% of standard rate could be made to the Hutchinson Utilities Commission if their loss record during each year of the policy period and during the three (3) year policy period is good and with the further understanding that if the loss record is poor for any one year or for the three(3) year policy period, that a penalty premium equal to 1.58 of the standard premium could be assessed against the Commission; and determining that by following and pro- moting a conscientious safety campaign among employees a favorable loss record can be maintained; and further determining that the chance exists beyond the control of the Commission itself that a catastrophe resulting in serious irnj'uries to one or more employees could establish an unfavorable loss record; and recognizing that the ultimate premium for the required coverage of Workmen's Compensation 1 1 1 137. � o insurance takes into consideration both a good loss record and bad loss record; NOW, THERETORE, The Hutchinson Utilities Commission does hereby resolve to purchase Retrospective Rating Plan "B" insurance covering the Workmen +s Compensation requirements for the Commission from Agent Harold A. Grams through. The Continentel Insurance Companies for the period from April 19 1965, to April 31, 1968." After a complete discussion of the matters in question and a reading and review of a letter dated February 5, 1965, from D. E. Benson, Underwriter of The Continental Insurance Companies, 1752 Hennepin Avenue, Minneapolis, Minnesota, 55403, to Harold A. Grams Agency, Hutchinson, Minnesota, a motion was duly made, seconded arr7 unanimously carried to adopt the f oregoirg Resolution and to purchase the insurance provided therein. Dahl ecre a y. Chairman There being no further business, the meeting was adjourned. ff ATTEST: VT I. 39hee ppard, Pre s I dent. r W. Dahl, Secretary.