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HomeMy WebLinkAbout12-030 - ADMIN Resolution - City Council - 2012/02/21RESOLUTION NO. 12-030 RESOLUTION ELECTING NOT TO 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 regard 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 additional insurance coverage; 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 466.04 and that such election is effective until amended by further resolution of the St. Louis P:. Council. Review r dministration: krAMMINIMP1111 City M g- Attest: • Adopted by the City Council February 21, 2012