Council reauthorizes LARM insurance option after administrator explains discount structure
Council approved Resolution 2026-11 renewing coverage with the League Association of Risk Management (LARM); Administrator Schmidt explained the 5% discount applies to the first year only and recommended recommitting to secure the initial discount.
The full story
The council approved Resolution 2026-11 to renew the city's insurance arrangement with the League Association of Risk Management for a discount option that requires 180 days' written notice to terminate. Administrator David Schmidt reviewed the previous three-year commitment and explained that the 5% discount the city believed applied across all three years in 2025 actually applies only to the first year, with the discount stepping down in subsequent years.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.