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HomeMy WebLinkAboutCC RES 03-036 A RESOLUTION REGARDING WAIVER ON TORT LIABILITY LIMITS FOR LMCIT INSURANCE PROGRAM Meeting Sheet IIIIIIVIIIVIIIVIIIVIIIVIIIIIIIIIII ioaszs Box: 31 Folder: RES 2003 Document: CC RES 03-036 A RESOLUTION REGARDING WAIVER ON TORT LIABILITY LIMITS FOR LMCIT INSURANCE PROGRAM CITY OF ST. ANTHONY VILLAGE RESOLUTION 03 - 036 A RESOLUTION REGARDING WAIVER ON TORT LIABILITY LIMITS FOR LMCIT INSURANCE PROGRAM WHEREAS, the City Council of the City of St. Anthony approved participation in the League of Minnesota Cities Insurance Trust(LMCIT) insurance program for the year 2003; and WHEREAS, the City has elected to purchase liability coverage in the amount of$1,000,000, which is the statutory limits on tort liability as set forth in MN Statutes 466.04. NOW, THEREFORE, BE IT 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 to the extent of the limits of the liability coverage obtained from LMCIT for the policy period of June 1, 2003 to May 31, 2004. • BE IT FURTHER RESOLVED, that the City Council of the City of St. Anthony hereby approves the renewal of municipal off-sale liquor insurance in the amount of$161,913.00. Adopted this ;2'9 day of , 2003. Mayor ATTEST: City Clerk tl Reviewed by Administration: City Manager