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HomeMy WebLinkAbout07-040 - ADMIN Resolution - City Council - 2007/03/19RESOLUTION NO. 07-040 RESOLUTION ELECTING TO NOT WAIVE THE STATUTORY TORT LIMITS FOR LIABILITY INSURANCE WHEREAS, pursuant to previous action taken, the League of Minnesota Cities Insurance Trust has requested the City to make an election with regards to waiving or not waiving its tort liability established by Minnesota Statutes 466.04; and WHEREAS, the choices available are to not waive the statutory limit, to waive the limit but to keep insurance coverage at the statutory limit, or to waive the limit and to add insurance to a new level; NOW THEREFORE BE IT RESOLVED, that the St. Louis Park City Council does hereby elect not to waive the statutory tort liability limit established by Minnesota Statutes 466 : d that such election is effective until amended by further resolution of the St. Louis Pa City ouncil Review ,1 i_ 1111011111 Administration: City Manag Attest: City Clerk Adopted by the City Council March 19, 2007 Mdyo v t/L /