HomeMy WebLinkAbout24-005 Resolution Electing the Non Waiver of Statutory Municipal Tort Liability Limits and Declining Excess Liability Insurance Coverage
4646 Dakota Street SE Prior Lake, MN 55372
RESOLUTION 24-005 RESOLUTION ELECTING THE NON WAIVER OF STATUTORY MUNICIPAL TORT LIABILITY LIMITS AND DECLINING EXCESS LIABILITY INSURANCE COVERAGE Motion By: BRAID Second By: CHURCHILL
WHEREAS, WHEREAS,
Minnesota Statutes 466.04 imposes limits on municipal tort liability; and 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 2024 policy year.
X The City of Prior Lake declines excess liability coverage effective for the 2024 policy year.
Passed and adopted by the Prior Lake City Council this 9th day of January 2024. VOTE Briggs Braid Burkart Churchill Lake
Aye ☒ ☒ ☒ ☒ ☒
Nay ☐ ☐ ☐ ☐ ☐
Abstain ☐ ☐ ☐ ☐ ☐
Absent ☐ ☐ ☐ ☐ ☐
______________________________ Jason Wedel, City Manager