RES 2012-69 - 14973RESOLUTION NO. 2012 - 69
A RESOLUTION CONFIRMING THE STATUTORY LEVEL OF TORT LEMTS
WHEREAS, the City of Fridley maintains its insurance coverage through the League of Minnesota
Insurance Trust; and
WHEREAS, the League of Minnesota Insurance Trust requires the City Council to provide
direction in regard to statutory tart liability limits for the City of Fridley; and
WHEREAS, under Minnesota state law, 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, any increased coverage amount will result in an increase in the cast of insurance to the
City; and
WHEREAS, the current statutory tart 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 law; and
WHEREAS, the City of Fridley finds it to be in its 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 tart liability limits as expressly provided under
Minnesota law.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS
e DAY OF OCTOBER 2012.
SCOTT J. L - MAYOR
ATTEST:
jlik 41zne
DEBRA A. SKOGEW CITY CLERK