HomeMy WebLinkAbout11-145 2012 LMCIT Insurance Waiver
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 1 1 - xxx
A RESOLUTION ELECTING THE NON WAIVER OF STATUTORY
MUNICIPAL TORT LIABILITY LIMITS AND DECLINING
EXCESS LIABILITY INSURANCE COVERAGE
Motion By: Erickson Second By: Soukup
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 historically exhibited relatively low claims experience .
NOW THEREFORE , BE IT HEREBY RESOLVE D BY THE CITY COUNCI L OF PRIOR LAKE,
MINNESOTA 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
X liability established by Minnesota Statutes 466.04 effective for 201 2 policy year.
The City of Prior Lake declines excess liability coverage effective for
X
201 2 policy year.
PASSED AND ADOPTED THIS 19 th DAY OF DECEMBER , 201 1 .
YES NO
Myser X Myser
Erickson X Erickson
Hedberg X Hedberg
Keeney X Keeney
Soukup X Soukup
______________________________
Frank Boyles, City Manager