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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 THF.. 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 June 2008. <br />ATTEST: <br />City Clerk <br />Review for Administration: <br />Mayor <br />City Manager <br />17 <br />