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<br />,-'. ,. <br /> <br />f.,.' . <br /> <br />MONDAY <br /> <br />'OCTOBER 15, 1979 <br /> <br />each participant, with 75% of the premiums paid in to establish and maintain <br /> <br />a reserve and the other 25% to be used to purchase excess or "back...up~' insurance, <br /> <br />and with anticipated savings for member~participants over their present premium <br /> <br />costs, <br /> <br />Present at this meeting, by special invitation, were representatives of various local <br /> <br />insurance firms, including Mr, James G, McMillan, agent for the insurance firm presently <br /> <br />underwriting the City School Systemts motor vehicle fleet coverage, who (Mr. McMillan) cited <br /> <br />the advantage a local agent or representative can provide through personal assistance in <br /> <br />servicing claims and the disadvantage the City and the City School Board. as good risks, <br /> <br />might incur by possibly having to "subsidizeN other members of these plans. <br /> <br />The purpose of this meeting, as it involved City Council, having been accomplished, Council <br /> <br />was adjourned. <br /> <br />-),\~~.....) <br />W, H. Ye a~, Clerk of Council <br />