6097 (EXHIBIT A - E) (2) - Laserfiche WebLink

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Risk Management The City is a member of the St. Louis Area Insurance Trust ("SLAIT") and the Property' and Casualty Trust of St. Louis, Inc. ("PACT"), which are two not-for-profit, self-insurance risk pools formed by various St. Louis County municipalities. SLAIT was formed in August 1986 as a group self-insurer of workers' compensation. In addition to insurance protection, SLAIT provides risk management services with emphasis on loss control, claims administration, and management information services. SLAIT is fully funded by its member participants and employs an outside service company to process all claims. PACT was formed in February 1987 with the intent of providing St. Louis County municipalities with an improved loss control program which, in turn, would help to prevent or lessen the claims filed against participating municipalities. The trust is also able to provide the required excess reinsurance at a discount based on volume and the existence of the loss control program. Coverage is provided by PACT for general and auto liability, subject to a $1,000 deductible per occurrence, and for law enforcement liability, subject to a $2,500 deductible per occurrence. PACT also employs an outside service company to process all claims. Both SLAIT and PACT require an annual premium payment by members to cover estimated claims payable and reserves for claims. The member municipalities have no legal interest in the assets, liabilities, or fund balances of either SLAIT or PACT. However, the City retains a contingent liability to fund its pro rata share of any deficit incurred by the trusts should the trusts cease operations at some future date. The City's 1996 premium payments to the trusts totaled $ The City also purchases commercial insurance to cover risks related to travel, public official liability, earthquakes and employee blanket bonds. Settled claims resulting from these risks have not exceeded coverage in any of the past three years. [Please advise which of the above trusts or policies covers property and casualty.] ECONOMIC INFORMATION CONCERNING THE CITY Municipal Services The City provides a full range of municipal services for its citizens. These include public safety (ambulance, police and fire), streets, sanitation, culture and recreation, public improvements, planning and zoning, and general administrative services. The City of University City has placed a great deal of emphasis on improving and maintaining its public buildings, streets and sidewalks. The City of University City has become very active in providing tax incentives in order to restore multifamily buildings and to attract business. Recreational Activities Seventeen parks on 250 acres are available to the citizens as well as 15 tot lots, five soccer fields, three football fields, a municipal golf course, a swimming pool, a civic-center, 19 tennis courts and 18 city maintained ball diamonds. Transportation The City is served by Bi-State buses and a major station for the Metropolitan area's Metrolink light- rail system. The City's geographical location provides easy access to all areas of Metropolitan St. Louis. The -17-