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<br />City involvement in airport security <br />LMCff liability coverage may not cover claims <br /> <br />Pete Tritz <br /> <br />A number of city police departments <br />either already are or expect to become <br />involved in providing airport security <br />services in connection with scheduled <br />passenger flights leaving a regional <br />airport. The city officers would be <br />replacing the National Guard person- <br />nel who have been performing these <br />functions. It is extremely important to <br />be aware that the city's existing <br /> <br />4M Fund update <br /> <br />LMCIT liability coverage may not <br />cover some liability claims arising <br />from these activities. <br />We understand the importance of <br />having regional air service, and that in <br />some cases the only alternative may <br />be fur city police to perform these <br />security activities. We are working to <br />address this coverage gap as quickly as <br />possible, but there are some reinsur- <br /> <br />An investment alternative sponsored by tile League of Minnesota Cities <br /> <br />The 4M ""'d <br />The 4M Fund is a short-term investment option designed specifically for Minnesota <br />municipalities to provide safety, daily liquidity. and a competitive yield. Services and <br />benefits include free checking, no minimum balance requirement, the flexibility to <br />establish multiple sub-accounts for specific purposes, ACH payment capabilities, and a <br />Iockbox for state-aid payment~. <br /> <br />April 15-19, 2002 <br /> <br />- <br />4/15 <br />4/16 <br />4/17 <br />41tH <br />4/19 <br /> <br />- <br />-. <br />1.38% <br />1.3H% <br />1.38% <br />1.3K% <br />1.3~ <br /> <br />1/1mBaIbBd <br />- <br />1.39% <br />1.39% <br />1.39% <br />1.39% <br />1.39";6 <br /> <br />The 4It I'Is Fm <br />The Plus Fund is a complementary money market option designed to provide safety and <br />an enhanced yield when compared to the traditional4M Fund.The PLUS Fund requires <br />that you maintain deposits for at least 30 days with a 24-hour advwce withdrawal notice. <br /> <br /> April 15-19, 2002 <br /> - . - . <br />- -- - <br />4/13 1.48% 1.49% <br />4/16 1.48% 1.49% <br />4/17 1.32% 1.53% <br />4/18 1.52% 1.54% <br />4/19 1.52% 1..53% <br /> <br />"YIetd IsDftoffees. <br /> <br />Daily .interest cmnpol1llding. &ee cbeclcing. Autwnated CleuiDg HOA" (ACB) pooym.en.t .~ and in.....muen.t <br />edllcaliomd opponWlities U(l among the 5Ilmces otr....... by lhe Fund. For more mror:ruation, piB<ae caB Pat HanioI <br />~eurJWt) of Voyageur' Aaet Mao.~ at (8<10) 553-2143 'In: (6U.) 37&.7617. <br /> <br />ance restrictions that we need to <br />resolve in order to be able to do so. <br />lf your city is or is considering <br />providing city police to perfurm <br />airport security functions, please <br />contact any of the following staff at <br />LMCIT as soon as possible: <br />. Mike Wozniak, LMCIT Under- <br />writing Manager <br />(651) 215-4090 or (612) 376-4225 <br />mwozuiak@berkleyrisk.com or <br />mwozniak@lmnc.org <br />Ann Gergen, LMCIT Associate <br />Administrator <br />(651) 281-1291 <br />agergen@lmnc.org <br />. Pete Tritz, LMCIT Administrator <br />(651) 281-1265 <br />ptritz@lmnc.org ~ <br /> <br /> <br />Receiving duplicates? <br /> <br />Incorrect addresses? <br /> <br />New person in position? <br /> <br />Let us know. Please contact <br />Jeanine Hopp at the League <br />of Minnesota Cities about <br />duplicates, deletions, and <br />incorrect addresses. Note the <br />desired changes and we'll <br />streamline our database. <br /> <br />Please e-mail jhopp@lmnc.org, <br />call (651) 215-4030, or fax <br />(651) 215-4144. <br /> <br />Page 4 <br /> <br />LMC Cities Bulletin <br />