HomeMy WebLinkAboutCC RES 12-058 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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103735
Box: 31
Folder: RES 2012
Document: CC RES 12-058 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 12-058
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 2012 through 2013; 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, 2012 to May 31, 2013.
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, 2012 to May 31, 2013.
Adopted this 26th day of June,2012.
Mayor
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ATTEST: h], --If
City Clerk
Review for Administration:
City Manager