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HomeMy WebLinkAbout16-116 - ADMIN Resolution - City Council - 2016/10/17RESOLUTION NO. 16-116 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 Statute 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; N THEREFORE BE IT RESOLVED, that the St. Louis Park City Council does hereby elect of wazve the statutory tort liability limit established by Minnesota Statute 466.04 and that such electi is effective until amended by further resolution of the St. Louis Park City Council. City Council October 17, 2016 Thomas k—I%rii*in'A,C-iiy Manager Attest: Me is a Kenne y, City Clerk ��