HomeMy WebLinkAbout05-18916200 Eagle Creek Avenue S.E.
Prior Lake, MN 55372-1714
RESOLUTION 05-189
RESOLUTION ELECTING THE NON WAIVER OF STATUTORY
MUNICIPAL TORT LIABILITY LIMITS AND DECLINING
EXCESS LIABILITY INSURANCE COVERAGE
WHEREAS,
WHEREAS,
WHEREAS,
WHEREAS,
Motion By: Fleming Second By: Zieska
The City of Prior Lake has the option of waiving the monetary limits on municipal tort
liability by Minnesota Statutes 466.04; and
The League of Minnesota Cities Insurance Trust offers the additional insurance
coverage of excess liability insurance; and
The Prior Lake City Council has evaluated the benefits of these optional insurance
coverages in addition to their cost impacts; and
The City of Prior Lake has exhibited historically relatively Iow claims experience.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, that the City of
Prior Lake hereby exemises 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 2006 policy year.
x
The City of Prior Lake declines excess liability coverage effective for
2006 policy year.
PASSED AND ADOPTED THIS 5TH DAY OF DECEMBER, 2005.
YES NO
Hau~len X Hau~len
Fleming X Flemin~l
LeMair X LeMair
Petersen Absent Petersen
Zieska X Zieska
Frank I~/'ie~ty~Manager
R'\RESOI..UTI\FINARES",,05*189 LMCiT Wr,,iver.doc www.cityofpriorlake.com
Phone 952.447.4230 / Fax 952.447.4245