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Elk River <br /> Municipal Utilities UTILITIES COMMISSION MEETING <br /> TO: FROM: <br /> Elk River Municipal Utilities Commission Theresa Slominski, Finance and Office Manager <br /> John Dietz—Chair <br /> Al Nadeau—Vice Chair <br /> Daryl Thompson—Trustee <br /> MEETING DATE: AGENDA ITEM NUMBER: <br /> May 20, 2014 2.6 <br /> SUBJECT: <br /> Resolution Electing Not to Waive Statutory Tort Limits for Liability Insurance <br /> BACKGROUND: The League of Minnesota Cities Insurance Trust(LMCIT) requires annual <br /> approval of the Utilities' intent to waive or not waive the statutory limits on tort liability as set <br /> forth in Minnesota Statutes. <br /> DISCUSSION: Attached is the memo and supporting documentation that went to the City <br /> Council 4/21/2014 to elect not to waive the statutory limits. I have no reason to recommend that <br /> the Utility not follow the same direction. Last year we followed the same process and did not <br /> waive the limits. <br /> ACTION REQUESTED: <br /> Staff recommends that the Elk River Municipal Utilities Commission elect to not waive the <br /> statutory tort limits for liability insurance,per the attached resolution and LMCIT form. <br /> ,,,,,, i <br /> RF P O W E R E D Page 1 of 1 NATURE <br /> Reliable Public <br /> Power Provider P O W E R E D To S E R V E <br /> 78 <br />