HomeMy WebLinkAbout11-051 2011 Insurance Policy Renewal
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 1 1 - 051
A RESOLUTION AUTHORIZING THE 2011 INSURANCE POLICY RENEWAL
Motion By: Hedberg Second By: Keeney
WHEREAS, The City of Prior Lake participates in the League of Minnesota Cities Insurance Trust
(LMCIT) for the purpose of securing its liability, property, casualty, automobile,
employee faithful performance (bond) and open meeting law defense insurance
coverage ; a nd
WHEREAS, The insurance renewal period is 02/01/2011 through 02/01/2012; and
WHEREAS, The City has historically carried a $10,000/$20,000/$1,000 deductible amount for
liability coverage ; and
WHEREAS, City Staff recommends increasing the aggregate deductible amount based on historical
loss /claim data .
NOW THEREFORE BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAK E,
,
MINNESOTA
as follows :
1. The recitals set forth above are incorporated herein .
2. The City Council hereby approves the 2011 insurance policy renewal which includes an increase i n
the aggregate deductible to $4 0,000 .
PASSED AND ADOPTED THIS 1 8 th DAY OF A PRIL , 201 1 .
YES NO
Myser X Myser
Erickson X Erickson
Hedberg X Hedberg
Keeney X Keeney
Soukup X Soukup
______________________________
Frank Boyles, City Manager