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� <br />EN HYLLS <br />MEMOR�NDUM <br />DATE: December 6, 2010 <br />TO: Honorable Mayor and Ci�r Cauncii Members <br />Patrick Klaers, City Ad�inistratox <br />FROM: Sue Iverson, Director of Finance and Administrative Services <br />SUBJECT: Resoluiion 2010-071: Resolutian Accepting the Liability Caverage Limits <br />frozn fihe League of Minnesota Cities Insurance Trust (LMCIT) for 2011 <br />Background <br />Each year the City Council is required to decide whether or not to waive the statutory tort <br />liability limits to the extent of the coverage purchased. In past histor�, the Ciiy has not <br />waived the monetary limits on municipal tort liabiliry established by Minnesota Statutes <br />46b.04. (This would zx�ean that the City accepts liability cavearage lirnits of $2,500,000.) <br />Cou.ncil Action <br />A motion to approve Resolution 2010-071, r�garding no-wai��r of the statutory liability <br />limits and accepting the liability coverage �imits frorn the League of Minr�esota cities <br />Insurance Trust {LMCIT) for 2011. <br />city councfl Meeting <br />11Metrainet.uslardenhi11s1AdminlCouncillAgendas & Packet Information12010112-6-10 TNT & Closed <br />Mtg14B 2010 Liability_Coverage_Limits-Memo.doc <br />Page 1 of 1 <br />