HomeMy WebLinkAboutCC RES 08-038 RESOLUTION REGARDING RENEWAL OF MUNICIPAL INSURANCE COVERAGE AND THE WAIVER OF TORT LIABILITY LIMITS FOR THE LEAGUE OF MINNESOTA CITIES INSURANCE PROGRAM Meeting Sheet
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Box: 31
Folder: RES 2008
Document: CC RES 08-038 RESOLUTION REGARDING RENEWAL OF
MUNICIPAL INSURANCE COVERAGE AND THE WAIVER OF TORT
LIABILITY LIMITS FOR THE LEAGUE OF MINNESOTA CITIES INSURANCE
PROGRAM
CITY OF ST. ANTHONY VILLAGE
RESOLUTION 08-038
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 2008/2009; and
WHEREAS, the City has elected to purchase liability coverage in the amount of
$1,000,000.00 per occurrence, 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 total cost of
$212,592.00 for the policy period of June 1, 2008 to May 31, 2009.
• 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, 2008 to May 31, 2009.
Adopted this 10th day of Lune 2008.
Mayor Pro Tem
ATTEST:
City Clerk
411
Review for Administration:
City anager
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