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19 <br /> CITY OF ST. ANTHONY VILLAGE <br /> RESOLUTION 04-042 <br /> A RESOLUTION REGARDING RENEWAL OF INSURANCE COVERAGE AND THE <br /> WAIVER OF TORT LIABILITY LIMITS FOR THE LMCIT INSURANCE PROGRAM. <br /> WHEREAS, the City Council of the City of St. Anthony hereby approves participation in the <br /> League of Minnesota Cities Insurance Trust(LMCIT) insurance program for the <br /> year 2004/2005; and <br /> WHEREAS, the City has elected to purchase liability coverage in the amount of$1,000,000.00, <br /> which is the statutory limits on tort liability as set forth in the MN Statutes <br /> 466.04. <br /> BE IT RESOLVED, that the City Council of the City of St. Anthony hereby approves the <br /> renewal of insurance coverage through the League of Minnesota Cities at a cost of$156,242.00 <br /> for the policy period June 1, 2004 to May 31, 2005. <br /> IN ADDITION, BE IT RESOLVED, that the City Council of the City of St. Anthony hereby <br /> approves the renewal of municipal off-sale liquor insurance for its off-sale stores (SAV I & SAV <br /> II) in the amount of$9,315.00 for the policy period of June 1, 2004 to May 31, 2005. <br /> THEREFORE, BE IT FURTHER RESOLVED, that the City Council of the City of St. Anthony <br /> hereby approves waiving of the monetary limits on tort liability established by MN statute <br /> 466.04 to the extent of the limits of the liability coverage obtained from the LMCIT for the <br /> policy period of June 1, 2004 to May 31, 2005. <br /> Adopted this day of , 2004. <br /> Mayor <br /> ATTEST: <br /> City Clerk <br /> Review for Administration: <br /> City Manager <br />