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December 2, 2014 Page 3 of 3 <br />insurance was a costly topic and noted the City’s claim ratio has been 130 to 140+% over the <br />past four years. He stated the City joined a health insurance cooperative to gain a larger <br />buying power, but the high claim ratio has impacted the City’s premiums. He explained that <br />increased deductibles were being proposed for 2015. He indicated an insurance committee has <br />been formed by staff members to address this issue going forward. <br />Mayor Jacobsen thanked all in attendance for their comments and noted each would be taken <br />into consideration by the Council. He discussed the numerous work session meetings that have <br />been held by the Council to address the 2015 budget. <br />Councilmember Jacobsen thanked the residents in attendance as well. He appreciated their <br />points of view stating their comments would help the Council in making the best decision for <br />the City. <br /> <br />Motion by Councilmember Bauman, seconded by Councilmember Burg to close the <br />Public Hearing. <br /> <br />5 Ayes, 0 Nays - Motion Carried <br /> <br />The Budget Hearing was closed at 7:39 p.m. <br /> <br />Adjournment <br />Motion by Councilmember Burg, seconded by Councilmember Jacobsen to adjourn the <br />meeting. <br /> <br /> <br />5 Ayes, 0 Nays-Motion Carried, <br />Meeting adjourned at 7:40 p.m. <br /> <br /> <br /> <br /> ___________________________ <br /> Dave Jacobsen, Mayor <br /> <br /> <br />ATTEST:______________________________ <br /> Terri Haarstad, City Clerk <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />Adjournment <br />The meeting adjourned <br />at 7:40 p.m. <br /> <br />