HomeMy WebLinkAboutRES 24-030 REGARDING RENEWAL OF MUNICIPAL INSURANCE COVERAGE AND THE NON WAIVER OF TORT LIABILTIY FOR LMCITCITY OF ST. ANTHONY VILLAGE
STATE OF MINNESOTA
RESOLUTION 24-030
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 2024 through 2025; and
WHEREAS, the City has elected to purchase excess coverage in the amount of $1,000,000.00.
WHEREAS, 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, 2024
to May 31, 2025.
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, 2024 to May 31, 2025.
Adopted this 23`d day of April, 2024.
.4,j cti-e-!/ems,
Wendy Webster, Mayor
ATTEST:
City Clerk
Review for Administration:
Charlie Yunker, City Manager