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4D, Accepting the Liability Coverage Limits from the LMCIT for 2013
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4D, Accepting the Liability Coverage Limits from the LMCIT for 2013
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lt <br /> EN HILLS <br /> MEMORANDUM <br /> DATE: December 10, 2912 <br /> TO: Honorable Mayor and City Council Members <br /> Patrick Klaers, City Administrator <br /> FROM: Sue Iverson, Director of Finance and Administrative Services <br /> SUBJECT: Resolution 2012-046: Resolution Accepting the Liability Coverage Limits <br /> from the League of Minnesota Cities Insurance Trust(LMCIT) for 2013 <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 history, the City has not <br /> waived the monetary limits on municipal tort liability established by Minnesota Statutes <br /> 466.04. (This would mean that the City accepts liability coverage limits of$2,500,000.) <br /> Council Action <br /> A motion to approve Resolution 2012-046, regarding no-waiver of the statutory liability <br /> limits and accepting the liability coverage limits from the League of Minnesota Cities <br /> Insurance Trust(LMCIT) for 2013. <br /> City Council Meeting <br /> P:\Admin\Council\Agendas&Packet Information\2012\12-10-12 Reg <br /> Mtg\Packet\2013_Liability_Coverage_Limits.doc <br /> Page 1 of 1 <br />
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