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17-071CITY OF SHOREWOOD RESOLUTION NO. 17 -071 RESOLUTION ELECTING TO NOT WAIVE STATUTORY TORT LIMITS FOR LIABILITY INSURANCE WHEREAS, pursuant to previous action taken, the League of Minnesota Cities Insurance Trust has requested the City to make an election with regards to waiving or not waiving its tort liability established by Minnesota Statutes 466.04; and WHEREAS, the choices available are to not waive the statutory limit, to waive the limit but to keep insurance coverage at the statutory limit, or to waive the limit and to add insurance to a new level; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SHOREWOOD AS FOLLOWS: That the Shorewood City Council does hereby elect to not waive the statutory tort liability limit established by Minnesota Statutes 466.04, and elects not to purchase additional liability insurance insurance. This election is effective until amended by further resolution of the Shorewood City Council. Further, the Shorewood City Council does not ADOPTED BY THE CITY COUNCIL OF THE CITY OF SHOREWOOD this 28th day of August, 2017. ATTEST: Sandie Thone, City Cleric