HomeMy WebLinkAbout03-075
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~ILLS
CITY OF ARDEN HILLS
COUNTY OF RAMSEY
STATE OF MINNESOTA
RESOLUTION No. 03-75
Accepting the Liability Coverage Limits from the
League of Minnesota Cities Insurance Trust (LMCIT)
WHEREAS, the City of Arden Hills DOES NOT WAIVE the monetary limits on
municipal tort liability established by Minnesota Statutes 466.04,
THEREFORE, BE IT RESOLVED: The City of Arden Hills accepts liability coverage
limits of two million dollars ($2,000,000.00) from the League of Minnesota Cities Insurance
Trust (LMCIT) for calendar year 2004.
ADOPTED BY THE CITY COUNCIL OF THE CITY OF ARDEN HILLS THIS
8th DAY OF DECEMBER, 2003.
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BeVerly Apliko ski, ayor
ATTEST:
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Michelle Wolfe, Administrator
\\Earth\Admin\Counci1\Resolutions\2003\03-75, A Resolution Accepting the Liability Coverage Limits from the League of Minnesota Cities
Insurance Trust.doc
12/01/2003 WED 09:03 FAX 651 227 0507 T C FIELD COMPANY
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LMCIT LIABILITY COVERAGE - W AlVER FORM
. . Cities obtaining liability coverage from the League of Minnesota Citks Insurance Trust must decide
whcthcr or not to waive the statutory tort liability limits to the cxtent ofthe coverage purchased. The
decision to waive or not (0 waive the statutory limits has the following effects:
lfthe city does nol waive a,e SfatutOlY fOrt limils, an individual claimant would be able to recover no
more than $300,000.on any claim to which thc statutory tor1limits apply. The total which all claimants
would be ahle to recover for a single occurrCncc to which the statutory tort limits apply would be limited
to $1,000,000. These starutory tort limits would apply regardless of whether or nolthe city purchases
the optional excess liability coverage.
If the city waives the statulory lorllimits and does not purchase exces.I'liability coverage, a single
claimant could potentially recover up to $1,000,000. on a single occurrence. The total which all
claimants would be able to reCOver for a single occurrence to which the statutory tort limits apply would
also be limited to $1,000,000., regardless of the number of claimants.
If the city waives the stalutory /ort limits and purchases excas liability coverage, a single claimant
could potentially recover an amount up to the limit of the coverage purchased. The tOUlI which all
claimants would be able to recover for a single occurrence to which the statutory tort limits apply would
also be limited to the amount of coverage purchased, rcgardle~s of the number of claimants.
Claims to which thc statutory municipal tort limits do not apply are not affected by this dceision.
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'Ihis decision must be made by the city council. Cities purchasing covcrage must complete and return
this form tr> LMCTT heforc the effective date of the coverage. For further information, contact LMClT.
You may al~o wish to discuss thesc issues with your city attorney,
The City of ~II~ accepts liability coverage limits of $,,<, 0"'''1 0"".""
Minnesota Cities Insurance Trust (LMClT).
from the League of
Check one:
.,.,-/ The city DOES NOT WAIVE the monetary limits on municipal tort liability established
by Minnesota Statutes 466.04.
_ The city WAIVES the monetary limits on t0r11iability established by Minnesota Statutes
466.04, to the extent of the llmits of the liability coverage obtained from LMCIT,
Date of city council meeting lJt ~?; ?OO 3
Signature 0~ffi- ~ Position ~ ~/ If/? lJ?ucJ.u
Return this completed form to LMClT, 145 University Ave. w., SI. Paul, MN. 55103-2044
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