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<br />. <br /> <br />. <br /> <br />. <br /> <br />CITY OF ARDEN HILLS <br /> <br />MEMORANDUM <br /> <br />DATE: <br /> <br />December 9,1999 <br /> <br />TO: <br /> <br />Mayor and City Council <br /> <br />Terrance R. Post, City Accountant @ <br /> <br />Municipal Excess Liability Insurance Coverage <br /> <br />FROM: <br /> <br />SUBJECT: <br /> <br />Backl!round <br />Staffhas been working with T.e. Field & Company on its 2000 insurance policy renewal. One <br />of the items the City Council must take action on annually is a determination on its Excess <br />Liability coverage. <br /> <br />Effective January 1, 2000, the statutory municipal tort liability limit is $300,000 per claimant, <br />but will increase from $750,000 to $1,000,000 per occurrence. The City has most recently <br />elected not to waive the monetary limits on tort liability. <br /> <br />Recommendation <br />Staff recommends the City Council adopt a motion electing not to waive the monetary limits on <br />tort liability established by Minnesota Statutes in the area of Excess Liability coverage. <br />