Res 02-11H CITY OF MOUND
HOUSING AND REDEVELOPMENT AUTHORITY
RESOLUTION NO. 02-11H
RESOLUTION RELATING TO PARTICIPATION IN THE LEAGUE OF MINNESOTA
CITIES INSURANCE TRUST AND WAIVING STATUTORY TORT LIABILITY LIMITS
WHEREAS, the Housing and Redevelopment Authority of and for the City of Mound is a
Minnesota political subdivision desiring to self-insure its property and liability risks
through participation in a joint powers arrangement known as the League of Minnesota
Cities Insurance Trust (LMCIT); and
WHEREAS, Minnesota Statute Section 471.981 permits a city to extend the coverage of
its self insurance to afford protection in excess of any limitations on liability established
by law; and
WHEREAS, Minnesota Statute Section 471.981 provides that unless expressly
provided in the ordinance or resolution extending the coverage, the statutory limitations
on liability shall not be deemed to have been waived.
NOW, THEREFORE BE IT RESOLVED by the Housing and Redevelopment Authority .
of and for the City of Mound, that the HRA hereby accepts liability coverage limits of
$1,000,000, from the League of Minnesota Cities Insurance Trust and the HRA
WAIVES the monetary limits of tort liability established by Minnesota Statutes Section
466.04, to the extent of the limits of the liability coverage obtained from LMCIT.
Adopted this 24th day of September, 2002.
Attest: Executiv~ Director Kandis Hanson
Chair Pat Meisel /