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RES 13-344 , ,_ WFIEES, The City of Elk River participates in the League of Minnesota Cities Insurance Trust ( LMCIT) insurance program; and I°IE REAS, The LMCIT requires annual approval of the city's intent to waive or not waive the statutory limits on tort liability as set forth in Minnesota Statutes; and WHEREAS, The City Council has evaluated whether to waive the limit of tort liability and whether to purchase excess liability coverage from the LMCIT. NOW, THEREFORE, IT RESOLVED that the City Council of the City of Elk River elects not to waive the statutory tort liability limit established by Minnesota Statute 466.04. Passed and adopted this V day of June 2013. ATTEST: Tina Allard, City Clerk 01 n J. Dietz, May r NAPublic Bodies \Agenda Packets \06 -03 -2013 \Final \Done \x4.7 atl.doc