Res 2019-74 Accepting and Confirming Statutory Tort LimitsRESOLUTION NO. 2019 - 74
A RESOLUTION ACCEPTING AND CONFIRMING THE STATUTORY TORT
LIMITS
WHEREAS, the City of Fridley (City) 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
WHEREAS, under Minnesota Statute Section 466.04, if a City chooses to insure itself for an
amount in excess of the statutory limits provided 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, the current statutory limits are a maximum of $500,000 per claimant, and
$1,500,000 per occurrence; and
WHEREAS, the City finds no reasonable basis to extend liability coverage beyond those
amounts provided for under Minnesota Statute Section 466.04; and
WHEREAS, the City 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
confirms and accepts up to and only to the extent of the statutory tort liability limits as provided
under Minnesota Statute Section 466.04; and
BE IT FURTHER RESOLVED that the City Council authorizes the City Manager, or their
designee, to submit the Liability Coverage Wavier Form to the League of Minnesota Cities
Insurance Trust.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS
TH
9DAY OF DECEMBER 2019.
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SCOTT J. LUND - MAYOR
ATTEST:
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DANIEL TIENTER - CITY CLERK