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4F, Accepting Liability Coverage Limits from LMCIT for 2010
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4F, Accepting Liability Coverage Limits from LMCIT for 2010
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10/24/2024 9:49:15 AM
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11/9/2009 10:29:56 AM
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Accepting Liability Coverage Limits
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Accepting Liability Coverage Limits
Date
11/9/2009
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�;.� EN HILLS <br />MEMORANDUM <br />DATE: November 9, 2009 <br />TO: Honorable Mayor and City Council Members <br />Ron Moorse, City Administrator <br />FROM: Sue Iverson, Finance Director/Treasurer <br />SUBJECT: Resolution 2009-032: Resolution Accepting the Liability Coverage Limits <br />from the League of Minnesota Cities Insurance Trust (LMCIT) for 2010 <br />Back�round <br />Each year the City Council is required to decide whether or not to waive the statutory tort <br />liability limits to the extent of the coverage purchased. In past history, the City has not <br />waived the monetary limits on municipal tort liability established by Minnesota Statutes <br />466.04. (This would mean that the City accepts liability coverage limits of $2,500,000.) <br />Council Action <br />A motion to approve Resolution 2009-032, regarding no-waiver of the statutory liability <br />limits and accepting the liability coverage limits from the League of Minnesota cities <br />Insurance Trust (LMCIT) for 2010. <br />City Council Meeting <br />\�1Vletro-inet\ardenhills�Admin\Council�Agendas & Packet Information\2009\11-09-09 Regular�.Packet <br />Information\2010_Liability_Coverage_Limits. doc <br />Page 1 of 1 <br />
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