HomeMy WebLinkAbout91-06
"CELEBRATE PRIOR LAKE'S CENTENNIAL - 1991"
RESOLUTION 91-06
A RESOLUTION ESTABLISHING $1,000,000 OF EXCESS
LIABILITY INSURANCE COVERAGE FROM THE LEAGUE OF
MINNESOTA CITIES INSURANCE TRUST
MOTION
BY:
FITZGERALD
SECONDED BY
LARSON
WHEREAS, the City recognizes the importance of providing
insurance protection against potential losses due to
unforeseen liability exposure; and
WHEREAS, the City of Prior Lake has determined to obtain excess
umbrella liability insurance coverage above the basic
limits of $600,000.00; and
WHEREAS, the City acknowledges the cost of the annual premium to
be $19,971.00,
NOW, THEREFORE BE IT RESOLVED by the Mayor and City Council that:
1. The City of Prior Lake hereby elects $1,000,000 of excess
liability coverage limits to be purchased from the League
of Minnesota cities Insurance Trust.
2. The City of Prior Lake DOES NOT WAIVE the monetary limits
on tort liability insurance as established by Minnesota
statutes 466.04.
Passed and adopted this 19th day of February, 1991.
YES NO
Andren
Fitzgerald
Larson
Scott
White
X
X-
X-
X-
X-
Andren
Fitzgerald
Larson
Scott
White
{Seal}
4629 Dakota St. S.E., Prior Lake, Minnesota 55372 / Ph. (612) 447-4230 / Fax (612) 447-4245
An Equal Opportunity/Affirmative Action Employer