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CCP 11-14-2001
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CCP 11-14-2001
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<br />I <br />j <br /> <br />e <br /> <br />e <br /> <br />e <br /> <br />CITY OF ARDEN HILLS <br /> <br />MEMORANDUM <br /> <br />DATE: <br /> <br />December 5, 2001 <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 />Backe:round <br />Staff has been working with T.C. Field & Company on its 2002 liability insurance policy <br />renewal. One of the items the City Council must take action on annually is a determination on its <br />Excess Liability coverage. <br /> <br />For 2002, the statutory municipal tort liability limit is $300,000 per claimant, with a $750,000 <br />limit total that all claimants would be able to recover for a single occurrence. In recent years, the <br />City Council has 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 />
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