HomeMy WebLinkAbout19-047 2019 Insurance Policies with LMCIT
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 19-047
A RESOLUTION AUTHORIZING THE 2019 INSURANCE POLICY RENEWALS
Motion By: Burkart Second By: Braid
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
WHEREAS,
The insurance renewal period is 02/01/201 9 through 02/01/2020; and
WHEREAS, Premium costs for the respective coverage are as set forth in the April 1st, 2019 agenda report;
and
WHEREAS, 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 2019 insurance policy renewals.
3. Staff is authorized to transfer to the internal services Insurance Fund at year-end 2019 any
property/casualty dividends and work comp retro adjustments received.
PASSED AND ADOPTED THIS 1st DAY OF APRIL 2019
VOTE Briggs Thompson Burkart Braid Erickson
Aye ☒ ☒ ☒ ☒ ☒
Nay ☐ ☐ ☐ ☐ ☐
Abstain ☐ ☐ ☐ ☐ ☐
Absent ☐ ☐ ☐ ☐ ☐
Michael Plante, City Manager