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06-03-19 JDA Agenda Packet
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06-03-19 JDA Agenda Packet
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Joint Development Authority � <br /> "iI�EN HILLS TCAAP Redevelopment Project RAMSEY <br /> COUNTY <br /> AGENDA ITEM 8A <br /> MEMORANDUM <br /> DATE: June 3, 2019 <br /> TO: Joint Development Authority Board of Commissioners <br /> FROM: Director Perrault <br /> SUBJECT: League of Minnesota Cities Insurance Trust- Liability Coverage Waiver Form <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. <br />
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