HomeMy WebLinkAbout2008-054
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CITY OF ARDEN HILLS
COUNTY OF RAMSEY
STATE OF MINNESOTA
RESOLUTION No. 2008-054
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, two hundred thousand dollars and zero cents ($2,200,000.00) frum the
League of Minnesota Cities Insurance Trust (LMCIT) for calendar year 2009.
ADOPTED BY THE CITY COUNCIL OF THE CITY OF ARDEN HILLS THIS
8th DAY OF DECEMBER, 2008.
ATTEST:
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SECTION I: LIABILITY COVERAGE WAIVER FORM
Cities obtaining liability coverage from the League of Minnesota Cities Insurance Trust must decide whether or not to
waive the statutory tort liability limits to the extent of the coverage purchased. The decision to waive or not to waive
the statutory limits has the following effects:
, If the city does not waive the statutory tort limits, an individual claimant would be able to recover no more than
$400,000. on any claim to which the statutory tort limits apply. The total which all claimants would be able to
recover for a single occurrence to which the statutory tort limits apply wouid be limited to $1,200,000. These
statutory tort limits would apply regardiess of whether or not the city purchases the optional excess liability
coverage.
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, If the city waives the statutory tort limits and does not purchase excess liability coverage, a single claimant could
potentially recover up to $1,200,000. 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 $1,200,000.,
regardless of the number of claimants.
If the city waives the statutory tort limits and purchases excess liability coverage, a single claimant could
. potentially recover an amount up to the limit of the coverage purchased. The totai 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, regardless of the number of claimants.
Claims to which the statutory municipal tort limits do not apply are not affected by this decision.
This decision must be made by the city council. Cities purchasing coverage must complete and return this form
to LI\IICIT before the effective date of the coverage. For further information, contact LMCIT. You may also wish
to discuss these issues with your city attorney.
Citv of Arden Hills accepts liability coverage limits of $ .;21~OO 1000
of Minnesota Cities Insurance Trust (LMCIT).
from the Leag ue
Check one:
~ The city DOES NOT WAIVE the monetary limits on municipal tort liability established by Minnesota Statutes
466.04.
D The city WAIVES the monetary limits on tort liability established by Minnesota Statutes 466.04, to the
extent of the limits of the liability coverage obtained from LMCIT.
Date of city council meeting
Position
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Signature
Return this completed form to LMCJT, 145 University Ave. w., 5t Pau~ MN. 55103-2044
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