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IN <br />Recommendation: <br />Staff recommends Council pass Resolution 408-038 approving renewal of insurance coverage <br />through the League of Minnesota Cities at a cost of 8212,592 and waiving the statutory limits <br />of tort liability. <br />Insurance Renewal <br />2007/08 2008/09 <br />Property $23,223 $ 24,927 <br />Inland Marine $ 491.83 $ 45326 <br />Equipment Breakdown $ 3,347 $ 39561 <br />General/Liability $ 39,749 $ 445914 <br />No Fault/Sewer Backup $ 3,379 <br />*Liquor Liability — Off Sale $ 11,300 <br />Fidelity/.Employee Dishonesty $ 900 <br />Automobile <br />Open Meeting Law <br />Workers' Comp <br />Volunteers <br />TOTAL LMCIT <br />$19,495 <br />$ 573 <br />$ 3,820 <br />$ 10,839 <br />$ 91.7 <br />$ 16,447 <br />$ 589 <br />$ 95,058 $101,091 <br />$ 1,161. <br />$202,368 <br />$212,592 <br />Increase <br />Decrease <br />$ 1,704 <br />$ 1.43 <br />$ 21.4 <br />$ 5,165 <br />$ 441 <br />($39048) <br />$ 16 <br />$ 6,033 <br />$ -0- <br />$10,224 <br />5.1% Increase <br />*Liquor Off -Sale: <br />(Combined - Market Place and Silver Lake Village Premium) <br />