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• CITY OF ST. ANTHONY VILLAGE <br /> RESOLUTION 07-044 <br /> A RESOLUTION REGARDING RENEWAL OF MUNICIPAL INSURANCE COVERAGE <br /> AND THE WAIVER OF TORT LIABILITY LIMITS FOR THE LEAGUE OF MINNESOTA <br /> CITIES 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 2007/2008; and <br /> WHEREAS, the City has elected to purchase liability coverage in the amount of$1,000,000.00 <br /> per occurrence, as set forth in the MN Statutes 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 total cost of <br /> $202,368.00 for the policy period of June 1, 2007 to May 31, 2008. <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, 2007 to May 31, 2008. <br /> Adopted this day of lnel , 2007. <br /> Ma or <br /> ATTEST: AZA�111'11"i <br /> City Clerk <br /> Review for Administration: <br /> City Man ger <br />