12-13-1967 BidCITX OF RICHFIELD
B~.d®Opening
~= 'December 13 ,1967
1
t+~ORRM~N°S COMPEN~A TION IN$URANCB
Pursuant to requirements of Resolution No. 1015, a meeting of .the administrative
staff was held in the City Hall, 6700 Portland Ave., at ll:<30 AoM. on Wednesday,
December 13, 1967, ,
The meeting was called to order by the city manager who announced that the purpose
of the meeting was to receive, open and read aloud, sealed bids on workman°s comma
pensation insurance for the City of Richfield as advertised in the official news-
paper NoVO 16, 19670
Presente 0. R, Van Krevelen, manager Phil Peterson, admin. asst0
I.eo Jolly, engineer Florence Paulson, secretary
1
The following bids- were submitted for workman°s compensation insurancei~
AGBNC & BID- SECURITY Pian A~-Net Pian B-Net Pian C-Net
Guaranteed Dividend Participating Retrospective
(Sliding Scale)
Marsh & McLennan 22,588.78
B.Bo $6000
Ro Ho Brestrup, rep.
30% 16.,632.00 Mina 12,05$
60% 23,156.09 Max, 28.,366
R. Po Kelly Agcy.
Bo$0 $100,000 n/b
30% 18,Ob7087
60% 28,365.54 ~ n/b
1
DID Inpcjorporated n/b
B O++O 5%
Jas. Trainor, rep.
gentry Ins. Ca. 1,531,60
C,Co $1700 4,024,71
Don Dahi, rep, 22,806,69+
Employer Muto of Wis. 1,331066
C•Co $5000 (15%) 400250.00
22,808,88
David Agency
5~ of Bid n~
Fred Lonnsbury, rep,
Consolidated Agcies
B,B, $1229.00 n/b
Marsh Everson
Federated Mu t, Ins, Coo
BoB,S% n/b
Traff & Associates, Into n/b
BoBO 5%
30% 20,327.17 MinO ?,999
60% 23,306.17 ~ Max. 39,427
30% 20,024.28 Min• 17,805
60~ 2b,831.40' Max. 31,462
Min, 12, 764
n/b Max. 28,366
30% 16, 632.00
60% 23,156.09 n/b
30% 18,067.87
6d% 28,365,54 n/b
3,783037
Varies with losses n/b
19,616000 (4 yr. avero)
18,067087 ~t/'b
248365054
WY~m, Comp. Ins. =2m Dec, 13, 1967
Agent & Bid Security Plan AmNet Pian B-~Net Plan CmNet
Traff & Associatese Inc. 30% 200327.17
B.B. 5% n/b 60% .23'306.17 n/b
Lyndale Agency 1,521093 30% 20,327.17
B.B. 5% 4,026000 (15%) 60% 238306.17 n/b
228817061
Lyndale Agency 30% 188067.87
$og~ 5% n/b 60% 248365.54 n/'b
~'he manager announced tY~t the bids would be tabulated and considered at the
council meeting8 Mondays December 268 1967.
Plorence Pau 1son, Secretary
1
1