HomeMy WebLinkAboutCC RES 11-038 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 2011
Document: CC RES 11-038 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 11-038
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 2011/2012; and
WHEREAS, the City has elected to purchase liability coverage in the amount of$1,500,000.00
per occurrence, as set forth in the MN Statutes 466.04, Subd. 7.
WHEREAS, the City will maintain its present coverage of$10,000 deductible with a maximum
$50,000 aggregate loss in one year.
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$214,291
for the policy period of June 1, 2011 to May 31, 2012.
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, 2011 to May 31, 2012.
Adopted this 28th day of June, 2011.
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ATTEST: ,
City Clerk
Review for Administration:
City Manager