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RESOLUTION NO. 20-3 <br /> BOARD OF COMMISSIONERS <br /> ELK RIVER MUNICIPAL UTILITIES <br /> A RESOLUTION OF THE BOARD OF COMMISSIONERS OF ELK RIVER MUNICIPAL UTILITIES <br /> ELECTING NOT TO WAIVE THE STATUTORY TORT LIMITS FOR LIABILITY INSURANCE <br /> WHEREAS, Elk River Municipal Utilities (Utilities) participate in the League of Minnesota Cities <br /> Insurance Trust (LMCIT) insurance program; and <br /> WHEREAS, The LMCIT requires annual approval of the Utilities' intent to waive or not waive the <br /> 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 whether to <br /> purchase excess liability coverage from the LMCIT. <br /> NOW,THEREFORE, BE IT RESOLVED that the Elk River Municipal Utilities of the City of Elk River <br /> elects to not waive the statutory tort liability limit established by Minnesota Statute <br /> 466.04. <br /> This Resolution Passed and Adopted this 14th day of April, 2020. <br /> o , 1 <br /> nDi•tz, Ch. <br /> � <br /> TroY dams General Manager <br /> � P.E., g <br />