HomeMy WebLinkAbout10-119 LMCIT Insurance Waiver
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 10-119
A RESOLUTION ELECTING THE NON-WAIVER OF STATUTORY MUNICIPAL
TORT LIMITS AND DECLINING EXCESS LIABILITY COVERAGE
Motion By: Keeney Second By: Erickson
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 for non-tort claims; 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 historically exhibited relatively low claims experience.
NOWTHEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE,
MINNESOTA as follows:
1.The recitals set forth above are incorporated herein.
2. 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
X liability established by Minnesota Statutes 466.04 effective for 2011 policy year.
The City of Prior Lake declines excess liability coverage effective for
X
2011 policy year.
PASSED AND ADOPTED THIS 20th DAY OF DECEMBER, 2010.
YES NO
Myser X Myser
Erickson X Erickson
Hedberg X Hedberg
Keeney X Keeney
Millar X Millar
______________________________
Frank Boyles, City Manager