07-21-1983 BOMU
MINUTES
BID OPENING
TUESDAY, JUNE 21, 1983
The bid opening was called to order by Vice -Mayor Kenneth Gruenhagen at 1:30 P.M.,
with the following present: Vice -Mayor Kenneth Gruenhagen, City Administrator Gary
D. Plotz, City Attorney James Schaefer, and Consultant Dwight Tange.
Publication No. 3053, Bid for City Insurance Package, was read by Vice -Mayor Gruen-
hagen. The following bids were then opened and read:
AGENCY: MADSEN LEAGUE OF ALEXANDER & SENTRY
AGENCY MN CITIES ALEXANDER INS. CO.
COMPANY:
HOME
LEAGUE TRUST
VARIOUS
SENTRY
Workers Comp. (D.P.)
$67,850
$87,593
$62,745
$70,220
Comp. Gen. Liab.
4,844
6,380
29,375
163,225
Utilities: Gas
6,957
4,276
Inc.
6,661
Electric
9,301
8,360
Inc.
12,464
Auto-Liab., etc.
15,968
7,923
21,660
17,415
Phys. Dam.
4,755
5,936
39,449
10,516
Airport - Liab.
750
Est. 750
Inc.
Inc.
Liquor - Liab.
4,283
Est.2,950
3,000
2,950
1,000,000 Public Off.
3,158
2,420
2,100
1,141
($2,500 Deductible)
Utility ($100/250 Ded.)
1,751
1,751
Inc.
--
500,000 Police ($500 Ded.)
4,000
2,348
3,709
3,008
5 Million Umbrella
2,800
Est 2,800
9,975
6,486
Property ($1,000 Ded.)
19,639
13,872
15,693
30,010
Utility ($10,000 Ded.)
8,992
17,068
17,703
12,007
Boiler
2,034
2,015
1,870
1,998
Inland Marine
1,600
1,947
281
3,249
Crime ($100,000 Limit)
1,778
Est.1,778
2,202
2,146
Bus Int.
1,945
1,466
1,038
3,151
BID OPENING MINUTES
JUNE 21, 1983
PAGE 2
The following proposals were presented for agent of record services:
Alexander & Alexander, Inc.
Minneapolis, MN
Citizens Insurance Agency
Hutchinson, MN
Hutchinson Agency Inc.
Hutchinson, MN
Grams Insurance Agency
Hutchinson, MN
$10,500 First Year
8,500 Second & Third Year
8,500 First Year
8,000 Second & Third Year
9,850 First Year
9,850 Second & Third Year
6,611 First Year
6,611 Second & Third Year
The bids were referred to the City staff and insurance consultant for review and
recommendation to the City Council for their July 28, 1983 regular meeting.
There being no further business, the meeting adjourned at 2:30 P.M.