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<br />. <br /> <br /> <br />Contract #6707 <br /> <br />1V\.~~ 5, '\~ <br />c.'-'. O\~.e...~c.,. <br /> <br />. <br /> <br />1fIM~~ <br />" I,. ,'i, :!; <br />" ", ':' n, <br />. : .' !;:. ~:l 1li; . . <br /> <br />JNT1!RGOVERNMENTAL RISK POOL <br /> <br />April I, 1998 <br /> <br />Robert T. Herrera <br />City Manager <br />City of La Porte <br />PO Box 1115 <br />La Porte, TX 77572-IIl5 <br /> <br />Dear Member: <br /> <br />. - <br />Thanks to the efforts of our members to reduce losses, your Board of Trustees has declared another return <br />of equity. <br /> <br />The return calculation is based on your best experience for either the past five years or from the time you <br />joined the Pool for Workers' Compensation and Liability coverage. Members are eligible for a return up <br />to 10% of their 1996-97 Liability, and up to 5% of their Workers' Compensation contributions. The <br />percentage to be returned is set forth below: <br /> <br />i@ig;@imWmn~fs:i~iHa;i%@l1m@HH :lmlW8ikll@):e8MHtWiiii86M@ !i~jfl{~~f~II~~lt~IEli8lUti1I~1jfit1]illllJJ~~~~;~~[j <br />.... . <br />80% or below 5% 1 0% <br />8 I -85% 4% 8% <br />86-90% 3% 6% <br />9 1-95% 2% 4% <br />96-1 00% 1 % 2% <br /> <br />In applying your loss ratios, the City of La Porte will receive a check of $37,480.00 based on the <br />following distribution: <br /> <br />Workers' Compensation <br />Liability <br /> <br />$9,057.60 <br />$28,422.40 <br /> <br />Tha~ YO.I! foryou~ efforts that m~k~ tl.!iS.ll!tU[fl pos~ible. . . . ~ <br /> <br />Sincerely, <br /> <br />---w:k..l4..';)k1;- <br /> <br />Mike McGregor <br />Chair, Board of Trustees <br />Texas Municipal League Intergovernmental Risk Pool <br /> <br />xc: Norman Malone <br />Mr. Louis Rigby <br /> <br />TExAs MUNICIPAL LEAGUE INrEROOVERNMENTAL RIsK POOL <br /> <br />1821 Rutherford Lane, First Floor 0 Austin, Texas 78754 0 (512) 491-2300 0 (800) 537-6655 Texas Only <br />P.O. Box 149194 0 Austin, Texas 78714-9194 <br />