HomeMy WebLinkAbout22-049 Authorizing the 2022 Insurance Policy Renewals
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 22-049
RESOLUTION AUTHORIZING THE 2022 INSURANCE POLICY RENEWALS
Motion By: Burkart Second By: Thompson
WHEREAS,
WHEREAS,
WHEREAS,
WHEREAS
the City of Prior Lake participates in the League of Minnesota Cities Insurance
Trust (LMCIT) for securing liability, property, casualty, automobile, employee
faithful performance (bond), open meeting law defense, equipment breakdown
and worker’s compensation insurance coverage; and
the insurance renewal period is 02/01/2022 through 02/01/2023; and
premium costs for the respective coverage are as set forth in the April 4th, 2022,
agenda report; and
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 2022 insurance policy renewals.
3. Staff is authorized to transfer to the internal services Insurance Fund at year-end 2022 any
property/casualty dividends and work comp retro adjustments received.
Passed and adopted by the Prior Lake City Council this 4th day of April 2022.
VOTE Briggs Thompson Burkart Braid Churchill
Aye ☒ ☒ ☒ ☐ ☒
Nay ☐ ☐ ☐ ☐ ☐
Abstain ☐ ☐ ☐ ☐ ☐
Absent ☐ ☐ ☐ ☒ ☐
______________________________
Jason Wedel, City Manager