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• <br />• <br />SEP-25-2003 16 27 ACORDIA <br />9528307355 P.02 <br />Awrdir <br />4300 M~rketPointe Dr:oe <br />Suitt 4U0 <br />Tii~u~min¢ton. MN 55435 <br />Yaice; 452.$30.3000 <br />Fix: 95Y.$3U.3004 <br />;September 25, 2003 <br />;City of Falcon Heights <br />~ATTN: ROLAND OLSON <br />^2077 West Larpenteur Avenue <br />!'Falcon Heights, MN 55113 <br />Policy Number: <br />Policy Description <br />Insurance Company: <br />Effective Date: <br />Expization Date: <br />~.wv.eoardinemm <br />CMC23140 <br />LMCIT Pkg <br />League of MN Cities Ins Trust <br />01/01/03 <br />01/01/04 <br />Dear Roland: <br />Per your request, enclosed you will find the information from <br />'the League of Minnesota Cities on the liability coverage and <br />;the waiver. <br />;The City of :Falcon Heights currently "does not waive" the <br />`monetary lirtiits on municipal tort liability established by <br />'tMinnesota Statute 466.04. <br />Zf the City :chose "to waive" the monetary limits on tort <br />'liability, there would be an °increase° to the liability <br />;:premiums. The increase is 3.5~ to "all" liability coverages <br />which include the municipal liability, the error and <br />;.omission liability, the auto liability including the <br />`,;uninsured acid underinsured motorist coverages, and <br />'to the excess liability policy. <br />~To increase ,the City's current Excess Liability limit <br />`from $1,000,000 to $2,000,000 would cost approximately <br />~~$1,906.00. 'To add an additional layer of $1,000,000 would <br />Abe an additional premium of approximately $1,500.00. <br />;:Each additional layer is subject to a minimum additional <br />,:premium of $'1,500.00. There are several factors that are <br />;:involved in :figuring the additional premium. we are <br />providing ari approximation only. <br />;1f you need any additional information, please let me know. <br />Thank you. <br />Sincerely, <br />Rochelle F~wce'tt <br />1952-830-7347:. <br />~'AX 951-830-'f355 <br />A Wells Fargo Company <br />AhMn~Oa. glih¢ ~rblai NNw~u~. <br />