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2.3 ERMUSR 04-12-2022RESOLUTION NO. 22-6 BOARD OF COMMISSIONERS ELK RIVER MUNICIPAL UTILITIES A RESOLUTION OF THE BOARD OF COMMISSIONERS OF ELK RIVER MUNICIPAL UTILITIES ELECTING NOT TO WAIVE THE STATUTORY TORT LIMITS FOR LIABILITY INSURANCE WHEREAS, Elk River Municipal Utilities (Utilities) participate in the League of Minnesota Cities Insurance Trust (LMCIT) insurance program; and WHEREAS, The LMCIT requires annual approval of the Utilities’ intent to waive or not waive the statutory limits on tort liability as set forth in Minnesota Statutes; WHEREAS, The Utility has evaluated whether to waive the limit of tort liability, andwhether to purchase excess liability coverage from the LMCIT. NOW, THEREFORE, BE IT RESOLVED that the Elk River Municipal Utilities of the City of Elk River elects to notwaive the statutory tort liability limit established by Minnesota Statute 466.04. th day of April 2022. This Resolution Passed and Adopted this 12 John Dietz, Chair Theresa Slominski, General Manager 42 LIABILITY COVERAGE – WAIVER FORM Members who obtain liability coverage through the League of Minnesota Cities Insurance Trust (LMCIT) must complete and return this form to LMCIT before the member’s effective date of coverage. Return completed form to your underwriter or email to pstech@lmc.org. The decision to waive or not waive the statutory tort limits must be made annually by the member’s governing body, in consultation with its attorney if necessary. Members who obtain liability coverage from LMCIT must decide whether to waive the statutory tort liability limits to the extent of the coverage purchased. The decision has the following effects: If the member does not waive the statutory tort limits, an individual claimant could recover no more than $500,000 on any claim to which the statutory tort limits apply. The total all claimants could recover for a single occurrence to which the statutory tort limits apply would be limited to $1,500,000. These statutory tort limits would apply regardless of whether the member purchases the optional LMCIT excess liability coverage. If the member waives the statutory tort limits and does not purchase excess liability coverage, a single claimant could recover up to $2,000,000 for a single occurrence (under the waive option, the tort cap liability limits are only waived to the extent of the member’s liability coverage limits, and the LMCIT per occurrence limit is $2,000,000). The total all claimants could recover for a single occurrence to which the statutory tort limits apply would also be limited to $2,000,000, regardless of the number of claimants. If the member waives the statutory tort limits and purchases excess liability coverage, a single claimant could potentially recover an amount up to the limit of the coverage purchased. The total all claimants could recover for a single occurrence to which the statutory tort limits apply would also be limited to the amount of coverage purchased, regardless of the number of claimants. Claims to which the statutory municipal tort limits do not apply are not affected by this decision. 43 LMCIT Member Name: __________________________________________________________________________ Check one: o The member DOES NOT WAIVE the monetary limits on municipal tort liability established by Minn. 5 Stat. § 466.04. o The member WAIVES the monetary limits on municipal tort liability established by Minn. Stat. § 466.04, to the extent of the limits of the liability coverage obtained from LMCIT. Date of member’s governing body meeting: _____________________________________________ Signature: Position: ________________________________ 2 44 UTILITIES COMMISSION MEETING TO: FROM: ERMU Commission Tony Mauren – Executive Administrative Manager MEETING DATE: AGENDA ITEM NUMBER: April 12, 2022 2.4 SUBJECT: ERMU’s Tom Bovitz Memorial Scholarship Award Winner ACTION REQUESTED: None BACKGROUND: On January 8, 2013, the Utilities Commission approved ERMU’s participationin the Minnesota Municipal Utilities Association (MMUA) Tom Bovitz Memorial Scholarship. This award program is offered by MMUA to promote public power and increase goodwill within public power communities. High school seniors that are a customer or have a legal guardian that is a customer of ERMU are eligible to apply. At that time, the ERMU Utilities Commission also approved annuallyawarding a local winner a $500 scholarship. DISCUSSION: Staff advertised and promoted the scholarship through local high schools, social media, and ERMU’s website. The attached, winning essay is a great example of the goal of the scholarship, providing an opportunity to educate our customers and community about the advantages of public power. This essay will now be forwarded on to MMUA judges for a chance to win an additional $500, $1000, $1500, or $2000 through their scholarship program. Following MMUA’s scholarship award, the local winner will be invited to the May 10 Commission meeting to be formally recognized as the winner of ERMU’s 2022 Scholarship. FINANCIAL IMPACT: $500 budgeted item. ATTACHMENTS: Essay - Tom Bovitz Memorial Scholarship - Schmertman ______________________________________________________________________________ Page 1 of 1 45