HomeMy WebLinkAbout07-200 Liability Coverage
4646 Dakota Street S.E.
Prior Lake, MN 55372-1714
RESOLUTION 07-200
RESOLUTION ELECTING THE NON WAIVER OF STATUTORY
MUNICIPAL TORT LIABILITY LIMITS AND DECLINING
EXCESS LIABILITY INSURANCE COVERAGE
Motion By: Millar
Second By: LeMair
WHEREAS, The City of Prior Lake has the option of waiving the monetary limits on municipal tort
liability by Minnesota Statutes 466.04; and
WHEREAS, The League of Minnesota Cities Insurance Trust offers the additional insurance
coverage of excess liability insurance; and
WHEREAS, The Prior Lake City Council has evaluated the benefits of these optional insurance
coverages in addition to their cost impacts; and
WHEREAS, The City of Prior Lake has exhibited historically relatively low claims experience.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, that the City of
Prior Lake hereby exercises the following elections with respect to the available LMCIT insurance
options:
The City of Prior Lake DOES NOT WAIVE the monetary limits on
X municipal tort liability established by Minnesota Statutes 466.04 effective
for 2008 policy year.
x The City of Prior Lake declines excess liability coverage effective for
2008 policy year.
PASSED AND ADOPTED THIS 3rd DAY OF DECEMBER 2007.
Haugen
Erickson
Hedberg
LeMair
Millar
YES
X
X
X
X
X
NO
Haugen
Erickson
Hedberg
LeMair
Millar
Fr::'~Cil'f Manager
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www.(::itYQfpriorlake.com
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Phone 952.447.9800 / Fax 952.447.4245