HomeMy WebLinkAboutRES 14-035 Insurance RenewalCITY OF ST. ANTHONY VILLAGE
STATE OF MINNESOTA
RESOLUTION 14-035
A RESOLUTION REGARDING RENEWAL OF MUNICIPAL INSURANCE
COVERAGE AND THE WAIVER OF TORT LIABILITY LIMITS FOR THE LEAGUE
OF MINNESOTA CITIES INSURANCE PROGRAM.
WHEREAS, the City Council of the City of St. Anthony hereby approves participation in
the League of Minnesota Cities Insurance Trust (LMCIT) insurance program
for the year 2014 through 2015; and
WHEREAS, the City has elected to purchase liability coverage in the amount of
$2,500,000.00 per occurrence, as set forth in the MN Statutes 466.04, Subd. 7.
BE IT RESOLVED, that the City Council of the City of St. Anthony hereby approves the
renewal of insurance coverage through the League of Minnesota Cities for the policy
period of June 1, 2014 to May 31, 2015.
THEREFORE, BE IT FURTHER RESOLVED, that the City Council of the City of St.
Anthony hereby approves waiving of the monetary limits on tort liability established by
MN statute 466.04, Subd. 7, to the extent of the limits of the liability coverage obtained
from the LMCIT for the policy period of June 1, 2014 to May 31, 2015.
Adopted this 27th day of May, 2014.
Jerome O. Faust, Mayor
ATTEST: &W&a=
Barbara J. SuciVXity Clerk
Review for Administration: Vd C" /
Mark Casey, City Manager