Laserfiche WebLink
Department Approval <br />��� <br />Item Description: <br />BACKGROUND <br />�� <br />.r- <br />REQUEST FOR COUNCIL ACTION <br />Date: 12/07/2015 <br />Item No.: 8.d <br />City Manager Approval <br />Consider Not Waiving Statutory Liability Limits for 2016 <br />Minnesota Statute 466.04 states that liability of any municipality on any one claimant shall not exceed <br />$500,000 when the claim is for death, wrongful act, or omission; and shall not pay more than $1,500,000 <br />for claims arising out of a single occurrence. <br />State Statute provides municipalities the opportunity to waive the individual statutory limit to better <br />accommodate claiinants that may have been harmed by the City's actions or negligence. However, by <br />waiving the statutory limit there is no limit on the settlement a claimant(s) may receive, and the waiver <br />would apply to all claims. The City's Liability Insurance provider requires a formal action by the City <br />Council designating its intentions. <br />POLICY OBJECTIVE <br />Not applicable. <br />FINANCIAL IMPACTS <br />Waiving the statutory limits would create greater risk and carry the potential for higher insurance payouts <br />on claims brought against the City. <br />STAFF RECOMMENDATION <br />Staff recommends the Council NOT waive the Statutory Liability Limits for 2016. <br />REQUESTED COUNCIL ACTION <br />Motion to NOT waive the Statutory Liability Limits for 2016. <br />Prepared by: Chris Miller, Finance Director <br />Attachments: A: N/A <br />Page 1 of 1 <br />