Res 2017-68 Statutory Level of Tort Limits
RESOLUTION NO. 2017 - 68
A RESOLUTION CONFIRMING THE STATUTORY LEVEL OF TORT LIMITS
WHEREAS, the City of Fridley maintains its insurance coverage through the League of
Minnesota Cities Insurance Trust; and
WHEREAS, the League of Minnesota Cities Insurance Trust requires the City Council to
provide direction regarding statutory tort limitations for the City of Fridley; and
WHERAS, under Minnesota Statute Section 466.04 if a city chooses to insure itself for an
amount in excess of the statutory limits provide by state law, it will be deemed to have waived
the protection of those statutory limits to the extent of any increase in the insured coverage
amount; and
WHEREAS, any increased coverage amount will result in an increase in the cost of insurance to
the City; and
WHEREAS, the current statutory limits are a maximum of $500,000 for an individual single
claim, and $1,500,000 for a group of claimants on any single claim; and
WHEREAS, the City of Fridley finds no reasonable basis to extend liability coverage beyond
those amounts provided for under Minnesota Statute Section 466.04; and
WHEREAS, the City of Fridley finds it to be in the best interest to be insured to the full extent of
liability imposed by law, but not beyond those statutory limits.
NOW, THEREFORE BE IT RESOLVED by the City Council of the City of Fridley that it
accepts up to and only to the extent of the statutory tort liability limits as expressly provided
under Minnesota Statute Section 466.04.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS
TH
11 DAY OF DECEMBER 2017.
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SCOTT J. LUND - MAYOR
ATTEST:
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DEBRA A. SKOGEN - CITY CLERK