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RESOLUTION NO. 23-5 <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 11th day of April 2023. <br />Mark Hanson, General Manager <br />54 <br />