HomeMy WebLinkAboutCC RES 04-042 RESOLUTION REGARDING RENEWAL OF INSURANCE COVERAGE AND THE WAIVER OF TORT LIABILITY LIMITS FOR THE LMCIT INSURANCE PROGRAM Meeting Sheet
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104446
Box: 31
Folder: RES 2004
Document: CC RES O4-042 RESOLUTION REGARDING RENEWAL OF
INSURANCE COVERAGE AND THE WAIVER OF TORT LIABILITY LIMITS
FOR THE LMCIT INSURANCE PROGRAM
• CITY OF ST. ANTHONY VILLAGE
RESOLUTION 04-042
A RESOLUTION REGARDING RENEWAL OF INSURANCE COVERAGE AND THE
WAIVER OF TORT LIABILITY LIMITS FOR THE LMCIT 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 2004/2005; and
WHEREAS, the City has elected to purchase liability coverage in the amount of$1,000,000.00,
which is the statutory limits on tort liability as set forth in the MN Statutes
466.04.
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 at a cost of$156,242.00
for the policy period June 1, 2004 to May 31, 2005.
IN ADDITION, BE IT RESOLVED, that the City Council of the City of St. Anthony hereby
approves the renewal of municipal off-sale liquor insurance for its off-sale stores (SAV I & SAV
• II) in the amount of$9,315.00 for the policy period of June 1, 2004 to May 31, 2005.
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 to the extent of the limits of the liability coverage obtained from the LMCIT for the
policy period of June 1, 2004 to May 31, 2005.
Adopted this c :� ' day of 1, 2004.
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ATTEST: d
City Clerk
Review for Administration: ,
ity Manager
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