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RESOLUTION No. 17-6 <br /> BOARD OF COMMISSIONERS <br /> ELK RIVER MUNICIPAL UTILITIES <br /> A RESOLUTION ELECTING NOT TO WAIVE THE STATUTORY TORT LIMITS <br /> FOR LIABILITY INSURANCE <br /> WHEREAS, Elk River Municipal Utilities (Utilities) participate in the League of Minnesota <br /> Cities Insurance Trust (LMCIT) insurance program; and <br /> WHEREAS, The LMCIT requires annual approval of the Utilities' intent to waive or not <br /> waive the statutory limits on tort liability as set forth in Minnesota Statutes; <br /> WHEREAS, The Utility has evaluated whether to waive the limit of tort liability and <br /> whether to purchase excess liability coverage from the LMCIT. <br /> NOW, THEREFORE, BE IT RESOLVED that the Elk River Municipal Utilities of the City of <br /> Elk River elects to not waive the statutory tort liability limit established by Minnesota Statute <br /> 466.04. <br /> This Resolution Passed and Adopted this 9th day of May, 2017. <br /> 414* <br /> `11/C)::(. <br /> J 1 Die+z, Chair <br /> Troy Adams, P.E., General Manager <br />