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Peter H. Mullen <br />Director, Administration and <br />Finance <br />����oLu ^rioNe�c <br />CITY of SOUTH BEND 2� <br />PETER J. NEMETH, Mayor LLJ <br />COUNTY -CITY BUILDING SOUTH BEND, INDIANA 46601 <br />/ NDIANA <br />Members of the Common Council <br />4th Floor Council Chambers <br />County City Building <br />South Bend, Indiana <br />Dear Council Members: <br />June 8, 1977 <br />219/284 -9742 <br />I am presenting an ordinance for first reading on June 13, 1977, <br />which, if passed, will appropriate funds to pay the City's insurance <br />for the balance of the calendar year. <br />As you will recall, on January 24, 1977, you passed Resolution Num- <br />bers 545 -77 and 546 -77 which approved the resolutions of the Board <br />of Public Works and Park Boards, accepting the proposal of Aetna <br />Insurance for the coverage of the City. At that time I informed <br />the Council that there would be a need for additional funds to pay <br />premiums and audit costs later in the year. <br />The funds, as detailed in the ordinance, will pay premiums owed <br />for the period July 15, 1977 through January 15, 1978, and therefore <br />allow us to maintain our present coverage as it was bid. <br />You will note that the premium costs have been spread among several <br />funds. This was not an arbitrary action, but rather an attempt to <br />place premium responsibility on the source of the exposure. <br />As always, if you have further questions, please feel free to contact <br />me or my staff. <br />