277441 WHITE - CITY CLERK ��� `�
PINK - FINANCE T ^ n COUtICll i�
CANARY - DEPARTMENT-u.Devlin G I TY lJ F SA I NT 1 �U L File NO. ��
BLUE - MAYOR
C uncil Resolution
Presented By �
Referred To Committee: Date
Out of Committee By Date
F1HLR�5, the City of Saint Pau1 now provides Optional Life Insurance for its
employees and employees of the Independent School District �625 at group rates through
Minnesota Mutual Life Insurance Co?npany of Saint Pa,ul, not�r therefore be it
RESOLVID, that the present life insurance contracts �1520-G and �365379-C� between
the MirLnesota, Mutual Life Tnsurance Compa.ny and the Cit�T of Saint Paul and Independent School
District �625 be contirnaed, in their present entire forms, for the year, October l, 1981 to
September 30, �982, a,nd be it
FURTHII� RFSOLVF�, that the premiums for said co:�tracts for said period are to be
as fo1lo��rs:
Optional �nplo�,*ee nay Covera�e - Rate Per �1,000
�plo�ree under �e 30 � .20 Per Month
Thrplo�ree a�e 30 - 39 .30 Per Month
�:�lofee �e ��0 - !�9 .60 Per P�Ior_th
_�loyee a,ge 50 - 54 ]_.10 Per Month
�rmlo,yee a.�e 55 - 59 1.60 Per P�orth
�:rolo,yee a�e 60 - 6�+ ?_.�+0 Per Mc�nth
?�'m�lo�ree ane 65 - 69 3.60 Per ?�ionth
and be it
�'URTH�t R??�OLVr.'�, that in order to stabilize e�erience and �rovide �'or �, more
consislent rattern of �rorahl_e d_ividend returns, the r�Iinnesota ?��lztual will conti�?ue to
a.11ocate nart of the �ross div�dend a,va�lable, not exceeding 10°!, of roremium received in an�T
one yea.r, to a stabilization reserve on such aptional insurance issued in excess of �15,000
i�.ntiJ_ such _reserve rewches a level enual to 50°1� of the current annual nremium, P�?innesota
r�utuwZ credits interest to stwbilization reserves, at a rate o�' 8°f ar.nually for the ��eax
1981, and be it
FI1�T1�.I�I�Y RTSOLV�, thwt the City C1erk be instructed to send a copy of this
resolution to the A4innesotw Mtltual I:i fe Insurance Conmany.
COUNCILMEN Requestgd by Department of:
Yeas Nays
Hunt
Levine In Favor
Maddox
McMahon a
�,�,,, __ Against BY
Tedesco
Wilson
SEP 17 1981 Form Approve b 'ty ttorney
Adopted by Council: Date —
\
Certified s d by Council S creta BY
. By _
Appro y :Vlavor: Date � �' 8 a) Ap by Mayor for ub s'on to Council
By _ �"� s
UBUSHEO SEP 2 61981
, -- CZ'I'Y OF ►�AIi�7'T PAUL ���Aq
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I .� (�� '�'�:. O��FICE OF TSi� CITY COU�7CIL `�..�.
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� �''"+Jr� ' pQ t g ; September 14, 1981
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. -� p : Soin�t Paul Ci�Py Cvuncii ..
F R O i�F • C O�IY1 I���C O�1 FINANCE, MANAGEMENT & PERSONNEL
� George McMahon , choi�man, ma�ces ihe foli•owing �
' . Ordinance
report on� C.F. �-❑
(i�) x�x Resolution .
� Other .
T !�'LE ::� �
, At its meeting of September 10, 1981, the Finance Committee recommended approval
of the following. ___� � •
`' l. Resolution approving settlement of an appeal of an assessment for tree removal.
(12208-GM)
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� 2. Resolution approving mortgages pledged by Midwest Federal Savings and Loan
Association to protect city funds held by Association. (12559-GM) _
3. Resolution changing grade of Police Dispatcher in Section 3.8 from nresent �
Grade 19 to Grade 23. . . . .
4. Resolutions for renewal of life and he�lth insurance contracts for City and
School District employees from October 1, 1981 to September 30, 1982.
(12227 through 12235-GM) _
S. Resolution approving issuance of revenue bonds by Port Authority to finance
construction of manufacturing & warehousing facility for EMC Corporation.
(12223-GM) - '
6. Resolution approving issuance of tax exempt mortgage note by Port Authority to
finance pollution control equipment at Knappen Molasses facility. (12224-GM)
7. Resolution approving issuance of revenue bonds by Port Authority to finance
construction of manufacturing facility for Viking Drill and Tool, Inc. on
� ' Parcel E-S in Riverview Industrial Park. (12225-GM)
i 8. Resolution approving issuance of tax exempt mortgage note by Port Authority
� to finance construction of inedical office building attached to Midway Hospital
for tt►e University Park Building Limited Partnership. (12226-GM)
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�� C[TY HALL SEVE`iTH FLOOR SAI�1T Pr�►UL,
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Frxsoaael Otfice � � .
2t�d Floor '
C�ty Hell. .
, Dear Sirs t
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Att,achs4, tor yc>ur iaf'or�atioa, a.re 3.ett+�rs of tbe lfi�o�e�ote► �'
A/u�ual Life Inau�eace Coa�,wny ���e�itti�r,g prea�w�_ ralree far �'°
EmFloyee Optional Ltfa Zasuranae ar�d Depse�dent Optt�nal Life �
; Insnrat�ae efteativ�e Oa�ober Yst, 1'981. � �.
Yers► 'tt'ut�y Y�ux��,
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� ` Albert� B. 01son �
Gity Clerk � ; `
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, 345 Cedar Street
1 �MINNESOTA St.Paul,Minnesota55101
MUfUAL LIFE 612/298-3500
.
Jtme 23, 1981
The Honorable Mayor Latimer
and City Cotmci 1 Members
c/o Rose Mix, City Clerk
City of St. Paul
St. Paul, Minnesota 55102
POLICY NUMBER: 365379-G
The City of St. Paul provides a plan of optional li�e insurance under
this policy which is paid for by its employees if they elect to part-
icipate in the program. Effective October 1, 1981, Minnesota Mutual
will be pleased to renew this program at the present monthly rates:
� Rate Per $1,000
ifider 30 $ .20
30-39 .30
40-49 .60
50-54 1.10
55-59 1.60
60-64 2.40
The Minnesota Mutual appreciates the opporttmity to serve the City of
St. Paul and its employees by providing this insurance program for
them. My staff and I also tha.nk the City officials and employees for
the cooperation that we've received in administering this insurance
program.
Sincer �'`��
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�Donald . L e
Manager
Group Administration
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