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AGENDA ITEM #5.2. <br /> REPORT TO <br /> CITY COUNCIL <br /> Date: November 6, 2007 <br /> Subject: Insurance Renewal by Mark Jurchen <br /> Report: Mark Jurchen will be present to discuss insurance <br /> renewal services for 2008. Mark will also discuss the <br /> following issues: <br /> • Increase in bonding limit. <br /> • Waiver of liability statutory limit <br /> • Primary auto coverage <br /> Council Action Requested: <br /> 1. Council motion setting bond limit at Insurance <br /> Agent's recommended amount. <br /> 2. Council motion to retain statutory limit of liability of <br /> $300,000 <br /> 3. Council motion to contract with Lakeland Agency for <br /> the City's insurance needs in 2008. <br />