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Elk River <br /> *-' <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 12, 2015 2.4 <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 information regarding making a decision on whether to elect not to <br /> waive, or to waive, the statutory limits. On May 4th the City opted to not waive the statutory <br /> limits and I have no reason to recommend that the Utility not follow the same direction. Last <br /> year we followed the same process and did not waive the limits. This is also the <br /> recommendation we have received from our insurance agent. <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 LMCIT Liability Coverage Waver <br /> Form. <br /> P�OINEAED BY <br /> Page 1 of 1 11 I1UREI <br /> Reliable Public <br /> Power Provider P O W E R E D T O S E <br /> 46 <br />