Meeting Agenda
1. Open Meeting
2. Roll Call
3. Items of Business
3.A. Consider a recommendation to the City Council on Resolution NO. 2023-14 A resolution of the City of Crete, Nebraska setting the notice period to terminate participation in the League Association of Risk Management and the contribution credits corresponding to such termination notice. 
4. Officers' Reports
5. Adjournment
Agenda Item Details Reload Your Meeting
Meeting: July 18, 2023 at 5:00 PM - Finance Committee Meeting
Subject:
1. Open Meeting
Rationale:
  • In accordance with Nebraska law, a copy of the Open Meetings Act can be found in the back of the Council Chambers.
  • Items listed on the agenda may be considered in any order.
Subject:
2. Roll Call
Rationale:
  • Attendance of members will be recorded to determine the presence of a quorum for official actions.
Subject:
3. Items of Business
Rationale:
  • The Committee may discuss or limit discussion on, hear testimony in favor of or in opposition to, or take action to provide a recommendation to the City Council on any matter presented under this title.
Subject:
3.A. Consider a recommendation to the City Council on Resolution NO. 2023-14 A resolution of the City of Crete, Nebraska setting the notice period to terminate participation in the League Association of Risk Management and the contribution credits corresponding to such termination notice. 
Discussion:
City Administrator Tom Ourada explained that the League Association of Risk Management coverage has gone up. By providing written notice of termination at least 180 days prior to the desired termination date, there is a 5% discount. Last year the council took action to give notice to end the contract this year. When looking at other bids they would have to be really good to do anything other than LARM because it is done through an interlocal agreement, which means that it's not under the lid. There are options to select a commitment and there is a discount for each option. 

After reviewing the options, the Finance Committee selected the 180 day and 3 year commitment with a 5% discount. 
Action(s):
Motion Carried:
Recommend to the City Council on Resolution NO. 2023-14 A resolution of the City of Crete, Nebraska setting the notice period to terminate participation in the League Association of Risk Management and the contribution credits corresponding to such termination notice. Recommending the 180-day and 3-year commitment; 5% discount option. Carried with a motion by Ashley Newmyer and a second by Kyle Frans.
  • Dale Strehle: Absent
  • Kyle Frans: Aye
  • Ashley Newmyer: Aye
Attachments:
Subject:
4. Officers' Reports
Rationale:
  • Reports may be given by the Mayor, Officers, Departments, or Councilmembers concerning the current operations of the City.
  • No action can be taken on matters presented under this title except to answer any questions or to refer the matter for further action.
Subject:
5. Adjournment

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