HomeMy WebLinkAbout08-155 LMCIT Insurance WaiveO~ P I
~ ~ ,~ ~ ,
\_
~:
~INIVESO~P
a--_ ~-
4646 Dakota Street S.E.
Prior Lake, MN 55372-1714
RESOLUTION 08-155
RESOLUTION ELECTING THE NON WAIVER OF STATUTORY
MUNICIPAL TORT LIABILITY LIMITS AND DECLINING
EXCESS LIABILITY INSURANCE COVERAGE
Motion. By: LeMair
Second By: Millar
WHEREAS, Minnesota Statutes 466.04 imposes limits on municipal tort liability; and
WHEREAS, The City of Prior Lake has the option to waive the protection of statutorily imposed
limits on what a claimant can recover in a tort liability action: and
WHEREAS, The League of Minnesota Cities Insurance Trust offers municipalities the option to
purchase excess liability insurance; and
WHEREAS, The Prior Lake City Council has evaluated whether to waive the limit on tort liability and
whether to purchase excess liability coverage for non-tort claims; and
WHEREAS, The City of Prior Lake. has exhibited historically relatively !ow 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 LMCTT insurance
options:
The City of Prior Lake DOES NOT WAIVE the monetary limits on
X municipal tort liability established by Minnesota Statutes 466.04 effiective
for 2009 policy year.
X The City of Prior Lake declines excess liability coverage effective for
2009 policy year.
PASSED AND ADOPTED THIS 15th DAY OF DECEMBER, 2008.
YES NO
Haugen X Haugen
Erickson X Erickson
Hedberg X Hedberg
LeMair X LeMair
Millar X Millar
Frank Bo ,City Manager
www. cityofpriorlake. com
Phone 952.447.9800 /Fax 952.447.4245