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Joint Development Authority ,-AVEN JHILLS TCAAP Redevelopment Project Ramsey County AGENDA ITEM 513 MEMORANDUM DATE: April 1, 2013 TO: Joint Development Authority Board of Commissioners FROM: Pat Klaers, City Administrator City of Arden Hills SUBJECT: Liability Insurance for the JDA Budgeted Amount: Actual Amount: Funding Source: n/a n/a n/a Summary The League of Minnesota Insurance Trust(LMCIT) is reviewing the Joint Powers Agreement(JPA)to determine how to address the insurance needs of the Joint Development Authority (JDA). Background/Discussion In order to get a better understanding for what the insurance needs are for the JDA, I met with our City Insurance Agent, Mark Lenz, from the Bearence Management Group. (The City obtains its insurance from the LMCIT; and the LMCIT requires that municipalities designate an agent as a condition of participating in the program.) provided Mark with the JPA and we met on March 4t"to discuss the roles and responsibilities of the JDA. Mark has also exchanged information with Georgie Schulte, Risk Management Consultant for Ramsey County, regarding JDA insurance, Mark has meet with LMCIT staff to discuss the insurance needs of the JDA.The LMCIT staff asked about the JDA budget, which does not yet exist, and for information on the Pollution Legal Liability policy for the County,which has not been purchased. Since the JDA is not expected to own equipment or property,the insurance issues appear to be mainly related to liability. According to Mark, the LMCIT will likely propose the Municipal Liability coverage plan for the JDA.This package coverage plan provides general liability,errors and omissions,directors and officers, employment practices liability and coverage for HIPPA. Most recently, I met with Mark again on March 26t"to review the JDA insurance situation and Mark expects to have a LMCIT proposal to present to the JDA in May.