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<br /> --- <br /> I <br /> I <br /> . CITY OF ARDEN HILLS <br /> MEMORANDUM <br /> I DATE: November 7, 1997 <br /> TO: Mayor and City Council <br /> I - '. <br /> FROM: Brian Fritsinger, City Administrator l[;~: <br /> ~ <br /> I SUBJECT: Municipal Excess Liability Insurance Coverage <br /> I Background <br /> Staff has been working with T.C. field & Company on its 1998 insurance policy renewaL One <br /> of the items fhe City Council must take aetion on annually is a defermination on its Excess <br /> I Liability eoverage. <br /> The Council might recall that the current coverage provided the City by Minnesota Statutes is <br /> I $600,000 per occurrence. Legislation adopted by the Stafe of Minnesota this past Session <br /> increases the Tort Liability as of January I, 1998 to $750,000 per occurrence. The Cify has most <br /> recently elected not to waive the monetary limits on Tort Liability. <br /> Ie Recommendation <br /> I Staff recommends the City Couneil adopt a motion electing not to waive the monetary limits on <br /> Tort Liability established by Minnesota Statufes in the area of Excess Liability coverage. <br /> I Bf/sls <br /> I <br /> I <br /> I <br /> I <br /> I <br /> ~ <br /> I <br />