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<br />DAction <br /> <br />CITY OF PARIS, TEXAS <br />CITY COUNCIL AGENDA REQUEST <br />MEETING DATE: I April 23, 2007 <br /> <br />D Discussion [gJlnformation DRefer to: <br /> <br />SUBMITTED BY: <br /> <br />I Gene Anderson, Finance Director <br /> <br />DESCRIPTION: <br /> <br />Earlier this month, the TML insurance pool covering liability and property claims <br />initiated an equity distribution for those entities meeting the required conditions and <br />eligibility criteria. A favorable loss ratio resulting from successful cost control efforts <br />entitled the City of Paris to a payment of $57,580. <br /> <br />, <br /> <br />BACKGROUND INFORMATION: <br /> <br />The TML insurance pool has a long-standing policy of sharing the benefits of <br />favorable financial results with its members. The City has received a total of <br />$181,131 in equity returns since fiscal year 2003-04. This is the fourth year in a <br />row that the insurance pool has been able to make equity returns. <br /> <br />FISCAL AUTHORITY: <br />N/A <br /> <br />LEGAL REVIEW: <br /> <br />~ <br /> <br />MANAGER'S RECOMMENDATION: <br /> <br />.. . _.. . r <br />