HomeMy WebLinkAbout90-12
RESOLUTION 90-12
CENSUS '90
OF EXCE.
A RESOLUTION ESTABLISHING $1,000,000
LIABILITY INSURANCE COVERAGE FROM THE LEAGUE OF
OF MINNESOTA CITIES INSURANCE TRUST
MOTION
BY:
WHITE
SECONDED BY
FITZGERALD
WHEREAS, The City recognizes the importance of providing
insurance protection against potential losses due to
unforseen liability exposure; and
WHEREAS, The City of Prior Lake has determined to obtain excess
umbrella liability insurance coverage above the basic
limits of $600,000.00; and
WHEREAS, The city acknowledges the cost of the annual premium to
be $20,728.00; and
WHEREAS, The City wishes to continue participation within the
League of Minnesota cities Trust.
NOW, THEREFORE BE IT RESOLVED by the Mayor and City Council that:
1. The City of Prior Lake hereby elects $1,000,000 of excess
liability covera~e limits to be purchased from the League
of Minnesota Citles Insurance Trust.
2. The City of Prior Lake DOES NOT WAIVE the monetary limits
on tort liability insurance as established by Minnesota
Statutes 466.04.
Passed and adopted this 20th day of February, 1990.
YES
NO
Andren
Fitzgerald
Larson
Scott
White
x
X
AbSent
X
X
Andren
Fitzgerald
Larson
Scott
White
aVld J. Unmac t
ity Manager
City of Prior Lake
{Seal}
4629 Dakota St. SE., Prior Lake, Minnesota 55372 / Ph. (612) 447-4230 Fax (612) 447-4245