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2012-02H HRA ResolutionMOUND HOUSING AND REDEVELOPMENT AUTHORITY RESOLUTION NO. 12 -02H RESOLUTION MAKING A SELECTION NOT TO WAIVE THE STATUTORY TORT LIMITS FOR LIABILITY INSURANCE PURPOSES WHEREAS, pursuant to previous action taken, the League of Minnesota Cities Insurance Trust has asked the Housing and Redevelopment Authority in and for the City of Mound to make an election with regards to waiving or not waiving its tort liability established by Minnesota Statutes 466.04; and WHEREAS, the choices available are; to not waive the statutory limit, to waive the limit but to keep insurance coverage at the statutory limit, and to waive the limit and to add insurance to a new level; NOW, THEREFORE BE IT RESOLVED by the Housing and Redevelopment Authority in and for the City of Mound, Minnesota, to hereby elect not to waive the statutory tort liability established by Minnesota Statutes 466.04; and that such election is effective until amended by further resolution of the Mound HRA. Adopted this 10`" day of January, 2012 Chair Mark Hanus Attest: Bonnie Ritter, City Clerk