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<br /> Joint Development Authority <br />TCAAP Redevelopment Project <br />Joint Development Authority <br />TCAAP Redevelopment Project <br />CONSENT AGENDA ITEM 5a <br /> <br />MEMORANDUM <br />DATE: April 7, 2025 <br /> <br />TO: Joint Development Authority Board of Commissioners <br /> <br />FROM: Directors Jagoe and Mitchell <br /> <br />SUBJECT: Approve Execution of League of Minnesota Cities Insurance Trust Liability Waiver <br /> <br />The Joint Development Authority (JDA) obtains liability coverage from the League of Minnesota Cities <br />Insurance Trust (LMCIT). The JDA must decide whether to waive the monetary limits on municipal tort <br />liability limits to the extent of the coverage purchased. Staff recommends that the JDA does not waive <br />monetary limits on municipal tort liability, which is consistent with the JDA’s past actions on this item. <br /> <br />Attachment: <br />League of Minnesota Cities Insurance Trust Liability Coverage Waiver Form <br /> <br />Action Requested: <br />Authorize the execution of League of Minnesota Cities Insurance Trust Liability Coverage Waiver <br />Form, with no waiver of statutory tort limits. <br /> <br /> <br />