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Joint Development Authority <br /> TCAAP Redevelopment Project <br />DATE: <br />TO: <br />FROM: <br />SUBJECT: <br />May 6, 201ϵ <br />Joint Development Authority Board ofŽŵŵŝƐƐŝŽŶĞƌƐ <br />DirectorPerrault <br />League of Minnesota Cities Insurance Trust - Liability Coverage Waiver Form <br />AGENDA ITEM 8A <br />MEMORANDUM <br />Requested Action: <br />Authorizing the execution of League of Minnesota Cities Insurance Trust (LMCIT) Liability Coverage <br />Waiver Form, by not waiving statutory tort limits. <br />Background: <br />The Joint Development Authority (JDA) obtains liability coverage from the League of Minnesota <br />Cities Insurance Trust (LMCIT). Each year, the JDA must decide whether to waive the statutory tort <br />liability limits to the extent of the coverage purchased. The decision must be made by the JDA <br />each year. The JDA has not chosen to waive monetary limits on municipal tort liability in previous <br />years. <br />This item is a carryover from the February 4, 2019 JDA meeting. <br />Attachment A. Minnesota Cities Insurance Trust (LMCIT) Liability Coverage Waiver Form.