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COMM^'U ^''PmNG <br />JAN 1 2 2004 <br />REQUEST FOR COUNCIL ACTION <br />DATE: 1-^-0^ <br />ITEM NO: / 7 <br />Department Approval]^ i^< ^ Administrator Reviewed: Agenda Section: <br />Name Tom Kuehn J <br />Title Finance Director <br />City Administrator’s <br />Report <br />Item Description: City Election to Not Waive the Statutory Tort Limits for Liability <br />Insurance Purposes - Resolution <br />Attachment: Resolution Not to Waive the Statutory Tort Limits for Liability Insurance <br />Purposes. <br />The City obtains worker compensation, liability, umbrella liability, property and auto <br />insurance coverages through the League of Minnesota Cities Insurance Trust (LMCIT). <br />The LMCIT requires the City to adopt a resolution stipulating whether the City will or <br />will not waive the statutory liability limits under Minnesota state statutes. The City does <br />provide umbrella excess liability insurance of $2 million for those sitiutions where the <br />statutory limits do not apply. However, the City does not waive those limits where they <br />do apply, thus limiting exposure. <br />Staff recommends the adoption of the attached resolution to not waive the statutory limits <br />under Minnesota law. <br />COUNCIL ACTION REQUESTED: Adoption of Resolution No.. <br />Waive the Statutory Tort Limits For Liability Insurance Purposes. <br />, Not To <br />U VWofd Nrfm^l —o ComwiI-A^^^o^COOrL;ab Im Waiter RcMlimmi wpd