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<br />www.gemlakemn.org <br /> <br /> <br />4200 Otter Lake Road <br />Gem Lake, MN 55110 <br />(651) 747 -2790 <br />city@gemlakemn.org <br /> <br />MEMORANDUM <br /> <br />Date: December 23, 2025 <br />To: City Council <br />From: Tom Kelly, Finance Officer <br />Re: LMCIT Liability Coverage – Waiver Form <br /> <br /> <br />The City is currently in the renewal process of its property and liability insurance package with the <br />League of Minnesota Cities Insurance Trust (LMCIT). As part of this renewal process the city must <br />decide if it wishes to waive or not waive the statutory tort limits. <br /> <br />If the City DOES NOT WAIVE the monetary limits on municipal tort liability, then an individual <br />claimant could not recover more than $500,000 and the total which all claimants could recover would be <br />limited to $1,500,000. These limits would be on only those claims which the statutory tort limits apply. <br /> <br />If the City WAIVES the monetary limits, it would then be subject to up to $2,000,000 on an individual <br />claimant but the total for all claimants would still be limited to $2,000,000 regardless of the number of <br />claimants. <br /> <br />The City currently carries $1,500,000 in liability coverage from the LMCIT. The City does not currently <br />purchase excess liability insurance at this time. <br /> <br />Staff recommends the City Council approval to select DOES NOT WAIVE the monetary limits on <br />municipal tort liability as established by Minnesota Statutes 466.04 on the renewal application with the <br />LMCIT. <br /> <br /> <br /> <br /> <br />