HomeMy WebLinkAbout15-078 2015 Insurance Renewals p�0600i
4646 Dakota Street SE
41INNEscit' Prior Lake,MN 55372
RESOLUTION 15.078
A RESOLUTION AUTHORIZING THE 2015 INSURANCE POLICY RENEWALS
Motion By: Thompson Second By: McGuire
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), open meeting law defense, equipment breakdown and workers
compensation insurance coverage; and
WHEREAS, The insurance renewal period is 02/01/2015 through 02/01/2016; and
WHEREAS, Premium costs for the respective coverage are as set forth in the May 11, 2015 agenda report;
and
WHEREAS, The insurance includes a $25,000/$50,000/$1,000 deductible amount for liability coverage.
NOW THEREFORE, 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 Council hereby approves the 2015 insurance policy renewals.
3. Staff is authorized to amend the 2015 budgets to reflect the premium savings the city has realized.
PASSED AND ADOPTED THIS 11th DAY OF MAY 2015
VOTE Hedberg Keeney McGuire Morton Thompson
Aye Z Z Z Z Z
Nay E ❑ E ❑ ❑
Abstain ❑ E ❑ 0 ❑
Absent 0 0 0 0 0
iiii
Frank Boff, ity Manager