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JOINT DEVELOPMENT AUTHORITY <br /> <br />RESOLUTION #2014 - _____ <br /> <br />RESOLUTION AUTHORIZING EXECUTION OF WAIVER <br />RELATING TO TORT CAP LIMITS FOR LIABILITY INSURANCE <br /> <br /> <br /> WHEREAS, the Joint Development Authority is a joint powers entity created by <br />the City of Arden Hills and the County of Ramsey for the redevelopment of the Twin <br />Cities Army Ammunition Plant (“TCAAP”) site; and <br /> <br /> WHEREAS, the JDA is insured for tort liability matters by the League of <br />Minnesota Cities Insurance Trust (“LMCIT”); and <br /> <br /> WHEREAS, as part of its liability insurance coverage with LMCIT, the JDA is <br />required to elect annually whether to waive the statutory tort liability limits stated in <br />Minn. Stat. § 466.04, currently capped at $500,000 per individual and $ 1.5 million for <br />all claims arising out of a single occurrence; and <br /> <br /> WHEREAS, staff has recommended that the JDA not waive the tort cap limits in <br />order to mitigate the JDA’s tort liability as permitted by law; and <br /> <br />WHEREAS, a decision to not waive the tort cap limits reasonably protects the <br />JDA and limits its potential liability while alowing an individual claimant to recover <br />damages as provided by law. <br /> <br />NOW, THEREFORE, BE IT RESOLVED by the Joint Development Authority <br />Board of Commissioners that the Administrative Director is authorized to exe cute the <br />LMCIT Liability Coverage Waiver Form on behalf of the JDA by not waiving the cap on <br />statutory tort limits. <br /> <br />Adopted this 7th day of July, 2014 <br /> <br /> <br /> <br /> ________________________ <br /> David Sand, JDA Board Chair <br /> <br /> <br />ATTEST: <br /> <br /> <br />____________________________________ <br />Heather Worthington, Administrative Director