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HomeMy WebLinkAboutRES 20-045 RENEWAL OF MUNICIPAL INSURANCE COVERAGE AND THE NON WAIVER OF TORT LIABILITY LIMITSCITY OF ST. ANTHONY VILLAGE STATE OF MINNESOTA RESOLUTION 20-045 A RESOLUTION REGARDING RENEWAL OF MUNICIPAL INSURANCE COVERAGE AND THE NON 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 2020 through 2021; and WHEREAS, WHEREAS, the City has elected to purchase excess coverage in the amount of $1,000,000.00. the City DOES NOT WAIVE the monetary limits on municipal tort liability established by Minnesota Statutes, Section 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 for the policy period of June 1, 2020 to May 31, 2021. THEREFORE, BE IT FURTHER RESOLVED, that the City Council of the City of St. Anthony hereby does not waive 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, 2020 to May 31, 2021. Adopted this 12th day of May, 2020. ATTEST: INico e ilier, City Clerk Review for Administration: Ran S WT, Mayor Mark Casey, City Manager