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COUNTY OF ANOKA <br /> CITY OF CENTERVILLE <br /> Resolution #25-oO. <br /> A RESOLUTION TO NOT WAIVE <br /> LIABILITY LIMITS FOR LMCIT INSURANCE COVERAGE <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CENTERVILLE, MINNESOTA <br /> WHEREAS, The City of Centerville contracts with the League of Minnesota Cities Insurance Trust(LMCIT) <br /> for property, casualty, and liability insurance coverage; and <br /> WHEREAS, Minnesota Statutes set the standard liability limits at $500,000 per claimant and $1,500,000 per <br /> incident; and <br /> WHEREAS, Minnesota Statutes allow cities to waive the liability limits to a maximum of$2,000,000 per <br /> claimant and $2,000,000 per incident with a higher premium from the LMCIT; and <br /> WHEREAS, the City desires to minimize its exposure to loss and cost; and <br /> NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Centerville that: <br /> 1. The City Council elects to not waive liability limits for the 2025 insurance renewal. <br /> 2. The Finance Director is authorized and directed to sign and return the waiver form indicating <br /> this election along with the renewal information provided to the LMCIT underwriters. <br /> Passed and Adopted by the City of Centerville this 8th day of January, 2025. <br /> Nancy Golden, Mayor <br /> Teresa Bender, City Clerk <br />