HomeMy WebLinkAbout02-01 RESOLUTION 02-01
RESOLUTION ELECTING THE NON WAIVER OF STATUTORY
MUNICIPAL TORT LIABILITY LIMITS AND DECLINING
EXCESS LIABILITY INSURANCE COVERAGE
MOTION BY: GUNDLACH SECOND BY: ERICSON
WHEREAS, The City of Prior Lake has the option of waiving the monetary limits on municipal
tort liability by Minnesota Statutes 466.04; and
WHEREAS, The League of Minnesota Cities Insurance Trust offers the additional insurance
coverage of excess liability insurance; and
WHEREAS, The Prior Lake City Council has evaluated the benefits of these optional insurance
coverages in addition to their cost impacts; and
WHEREAS, The City of Prior Lake has exhibited historically relatively low claims experience.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, that the
City of Prior Lake hereby exercises the following elections with respect to the available LMCIT
insurance options:
The City of Prior Lake DOES NOT WAIVE the monetary limits on municipal tort
liability established by Minnesota Statutes 466.04 effective for 2002 policy year.
The City of Prior Lake declines excess liability coverage effective for 2002 policy
x year.
Passed and adopted this 7th day of January, 2002.
YES NO
Haugen X Haugen
Ericson X Ericson
Gundlach X Gundlach
Petersen Absent Petersen Absent
Zieska X Zieska
City Manager
{Seal} ~~
16200 Eagle Creek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (952) 447-4230 / Fax (952) 447-4245
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