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LEM <br />Item Number: <br />Department Approval: Manager Reviewed: Agenda Section: <br />Consent Agenda <br />Description,: Statutory Limits <br />Background <br />Minnesiota Statute 416,6.04 states -diat liability of any municipality on any one claimant shall not <br />exceed S400,,000,"rhen the claim, is for death, wrongful alet, or omission and shall not pay more <br />that $1 200,000 for, claims arisi 6 ng out of a single occurrence. <br />A city has the opportunity to waive the individual statutory limit. By waiving the statutory limit, <br />there is no limit on the settlement a claimant(s) may receive., <br />41 <br />Financial Implications <br />Waiving the statutory limit will increase the policy premiu m. and increase the amount of <br />settlement a clailmanti(s), may receive. <br />Staff 'Relcommendations <br />Staff is recommendin I 1 <br />d t 1, <br />g that the C'tv Counc'l oes no waive the monetary limits on municipal <br />tort liabil, ity establi shed by, Mimlesota Statute 466.04., <br />Council Action <br />Motion, to approvei not waiving the monetary limits on municipal tort liability established by <br />M i n n 1 e s o t <br />