01-0395R

RESOLUTION AUTHORIZING EXECUTION OF AN AGREEMENT WITH THE DULUTH AIRPORT AUTHORITY REGARDING PARTICIPATION BY THE AUTHORITY IN THE CITY'S SELF INSURANCE FUND DURING 2001.

BY COUNCILOR NESS:

        RESOLVED, that the proper city officials are hereby authorized to execute an agreement with the Duluth airport authority which allows the authority to participate during 2001 in the city's self insurance fund for purposes of general liability, workers' compensation and employee honesty bond coverage, which agreement shall be substantially in the form of Public Document No. _____________, on file in the office of the city clerk; funds will be deposited to 0605-036-1659.



STATEMENT OF PURPOSE:  This resolution approves an agreement with the Duluth airport authority which sets forth the terms and conditions of its participation in the city's self insurance fund for workers' compensation and honesty bond coverage during 2001. Under the agreement, authority will contribute $12,301 to the pool for workers' compensation coverage, plus an administration fee of $500.

The agreement also allows the authority to participate in coverage purchased by the city under an honesty bond at the premium cost set by the insurer which is $84.