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CITY OF ST. ANTHONY VILLAGE <br /> RESOLUTION 08-038 <br /> A RESOLUTION REGARDING RENEWAL OF MUNICIPAL INSURANCE <br /> COVERAGE AND THE WAIVER OF TORT LIABILITY LIMITS FOR THE LEAGUE OF <br /> MINNESOTA CITIES INSURANCE PROGRAM. <br /> WHEREAS, the City Council of the City of St. Anthony hereby approves participation <br /> in the League of Minnesota Cities Insurance Trust (LMCIT) insurance <br /> program for the year 2008/2009; and <br /> WHEREAS, the City has elected to purchase liability coverage in the amount of <br /> $1,000,000.00 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 /> $212,592.00 for the policy period of June 1, 2008 to May 31, 2009. <br /> • THEREFORE, BE IT FURTHER RESOLVED, that the City Council of the City of St. <br /> Anthony hereby approves waiving of the monetary limits on tort liability established by <br /> MN statute 466.04 to the extent of the limits of the liability coverage obtained from the <br /> LMCIT for the policy period of June 1, 2008 to May 31, 2009. <br /> Adopted this 10th day of Lune 2008. <br /> Mayor Pro Tem <br /> ATTEST: <br /> City Clerk <br /> 411 <br /> Review for Administration: <br /> City anager <br /> • <br />