Loading...
ERMU RES 23-5RESOLUTION NO. 23-5 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, and whether 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 not waive the statutory tort liability limit established by Minnesota Statute 466.04. This Resolution Passed and Adopted this 11th day of April 2023. Mark Hanson, General Manager 54