HomeMy WebLinkAbout04-173
16200 Eagle Creek Avenue S.E.
Prior Lake, MN 55372-1714
RESOLUTION 04-173
RESOLUTION ELECTING THE NON WAIVER OF STATUTORY
MUNICIPAL TORT LIABILITY LIMITS AND DECLINING
EXCESS LIABILITY INSURANCE COVERAGE
MOTION BY: PETERSEN
SECOND BY: LEMAIR
WHEREAS,
The City of Prior Lake has the option of waiving the monetary limits on municipal tort liability
by Minnesota Statutes 466.04; and
WHEREAS,
The League of Minnesota Cities Insurance Trust offers the additional insurance coverage of
excess liability insurance; and
WHEREAS,
The Prior Lake City Council has evaluated the benefits of these optional insurance coverages
in addition to their cost impacts; and
WHEREAS,
The City of Prior Lake has exhibited historically relatively low 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 LMCIT insurance options:
The City of Prior Lake DOES NOT WAIVE the monetary limits on municipal tort liability
X established by Minnesota Statutes 466.04 effective for 2005 policy year.
The City of Prior Lake declines excess liability coverage effective for 2005 policy year.
X
Passed and adopted this 6th day of December, 2004.
Haugen
Blomberg
LeMair
Petersen
Zieska
YES
X
X
X
X
X
NO
Haugen
Blomberg
LeMair
Petersen
Zieska
{Seal}
Fra~~
www.cityofpriorlake.com
R:\RESOLUTI\FINARES\2004\04-173.doc
Phone 952.447.4230 / Fax 952.447.4245