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CONSENT ITEM—8E <br /> ,-AI�EN HILLS <br /> MEMORANDUM <br /> DATE: November 13, 2023 <br /> TO: Honorable Mayor and City Councilmembers <br /> FROM: Dave Perrault, City Administrator <br /> SUBJECT: Resolution 2023-056 Accepting the Liability Coverage Limits from the League of <br /> Minnesota Cities Insurance Trust(LMCIT) for 2024 <br /> Budgeted Amount: Actual Amount: Funding Source: <br /> N/A N/A N/A <br /> Council Should Consider <br /> Motion to approve, table or deny the following: <br /> • Resolution 2023-056 accepting the liability coverage limits from the League of Minnesota <br /> Cities Insurance Trust(LMCIT) for 2024. <br /> Background <br /> Each year the City Council is required to decide whether or not to waive the statutory tort liability <br /> limits to the extent of the coverage purchased. In past history, the City has not waived the monetary <br /> limits on municipal tort liability established by Minnesota Statutes 466.04 (this would mean that the <br /> City accepts liability coverage limits of$1,500,000). <br /> Budget Impact <br /> None. <br /> Attachments <br /> Attachment A: Resolution 2023-056 <br /> Attachment B: Waiver Form <br /> Page 1 of 1 <br />