HomeMy WebLinkAbout15-156CITY OF LAKEVILLE
RESOLUTION NO. 15-156
ELECTION OF NON -WAIVER OF STATUTORY MUNICIPAL TORT LIABILITY LIMITS
AND DECLINING EXCESS LIABILITY INSURANCE COVERAGE
WHEREAS, Minnesota Statutes 466.04 imposes limits on municipal tort liability, and
WHEREAS, The City of Lakeville has the option to waive the protection of statutorily
imposed limits on what a claimant can recover in a tort liability action; and
WHEREAS, The League of Minnesota Cities Insurance Trust offers municipalities the
option to purchase excess liability insurance; and
WHEREAS, The Lakeville City Council has evaluated whether to waive the limit on tort
liability and whether to purchase excess liability coverage for non -tort claims.
NOW THEREFORE, BE IT RESOLVED, that the City of Lakeville hereby exercises the
following elections with respect to the available LMCIT insurance options:
1. The City of Lakeville DOES NOT WAIVE the monetary limits on municipal
tort liability established by Minnesota Statutes Section 466.04 effective for the
2016 policy year.
2. The City of Lakeville declines excess liability coverage effective for the 2016
policy year.
ADOPTED by the Lakeville City Council this 7th day of December, 2015
CITY OF LA VILLE
Matt Little, Mayor
ATTEST:
Charlene Friedges, City C