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HomeMy WebLinkAbout21-168CITY OF LAKEVILLE RESOLUTION NO. 21-168 Election of Non -Waiver of Statutory Municipal Tort Liability Limits and Acquiring 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 2022 policy year. 2. The City of Lakeville will purchase excess liability coverage effective for the 2022 policy year. ADOPTED by the Lakeville City Council this 6th day of December 2021. CITY OF LAKEVILLE Douglas Anderson, Mayor t Charlene Friedges, City Cler