HomeMy WebLinkAbout16-001 2016 LMCIT Insurance Non-Waiver
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 16-001
A RESOLUTION ELECTING THE NON WAIVER OF STATUTORY MUNICIPAL TORT
LIABILITY LIMITS AND DECLINING EXCESS LIABILITY INSURANCE COVERAGE
Motion By: McGuire Second By: Keeney
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 RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, MINNESOTA
that the City of Prior Lake hereby exercises the following elections with respect to the available LMCIT
insurance options:
X
The City of Prior Lake DOES NOT WAIVE the monetary limits on municipal tort
liability established by Minnesota Statutes 466.04 effective for the 2016 policy
year.
X The City of Prior Lake declines excess liability coverage effective for the 2016 policy
year.
PASSED AND ADOPTED THIS 11th DAY OF JANUARY, 2016.
VOTE Hedberg Keeney McGuire Morton Thompson
Aye ☒ ☒ ☒ ☒ ☒
Nay ☐ ☐ ☐ ☐ ☐
Absent ☐ ☐ ☐ ☐ ☐
Abstain ☐ ☐ ☐ ☐ ☐
______________________________
Frank Boyles, City Manager