HomeMy WebLinkAbout20-012 2020 LMCIT Insurance Non-Waiver - Resolution
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 20-012
A RESOLUTION ELECTING THE NON-WAIVER OF STATUTORY MUNICIPAL TORT
LIABILITY LIMITS AND DECLINING EXCESS LIABILITY INSURANCE COVERAGE
Motion By: Thompson Second By: Burkart
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 (LMCIT) 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 MN Statutes 466.04 effective for the 2020 policy year.
X The City of Prior Lake declines excess liability coverage effective for the 2020 policy
year.
Passed and adopted by the Prior Lake City Council this 21st day of January 2020.
VOTE Briggs Thompson Burkart Braid Erickson
Aye ☒ ☒ ☒ ☒ ☒
Nay ☐ ☐ ☐ ☐ ☐
Abstain ☐ ☐ ☐ ☐ ☐
Absent ☐ ☐ ☐ ☐ ☐
______________________________
Jason Wedel, City Manager