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AGENDA ITEM NO. 9 <br />STAFF ORIGINATOR Randy Schumacher <br />DATE June 22, 1995 <br />TOPIC Consideration of waiving or not waiving monetary limits on <br />tort liability per MN Statute 466.04. <br />`CGRiND <br />Each year, the City has the option of waving its monetary limits on tort liability to the <br />extent of the limits of the excess liability coverage obtained from the League of <br />Minnesota Cities Insurance Trust. This limit of liability insurance is currently <br />$600,000. 00 per each occurrence or incident. <br />The City of Lino Lakes does carry an additional $1,000,000.00 in excess liability <br />coverage ($1,000,000.00 per occurrence and annual limit) in the event that the limits <br />were ever declared to be unconstitutional. <br />The City of Lino Lakes has never waived its monetary limits on tort liability. <br />a. The City of Lino Lakes does not choose to waive its monetary limits on tort <br />liability established by Minnesota Statutes 466.04. <br />The City of Lino Lakes chooses to waive its monetary limits on tort liability to <br />the extent of the limits of the excess liability coverage obtained from the <br />League of Minnesota Cities Insurance Trust. <br />Recommend option a. <br />