HomeMy WebLinkAboutCity Council Resolution 2019-086
C ITY OF P LYMOUTH
R ESOLUTION N O. 2019-086
R ESOLUTION TO A WARD THE C ONTRACT FOR 2019-2020
P ROPERTY AND CASUALTY I NSURANCE TO
THE L EAGUE OF M INNESOTA C ITIES I NSURANCE T RUST (LMCIT)
WHEREAS, the city desires to purchase insurance coverage for potential liability and property
losses; and
WHEREAS, the city received a renewal from the League of Minnesota Cities Insurance
Trust for an annual premium of $478,830; and
WHEREAS, staff recommends that the city council authorize the statutory tort liability
limit of $1,500,000.
NOW, THEREFORE BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH,
MINNESOTA, that the 2019-2020 contract for property and casualty insurance is awarded to the League
of Minnesota Cities Insurance Trust for an annual premium of $478,830 is hereby approved.
NOW, THEREFORE BE IT FURTHER RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH,
MINNESOTA, that the statutory tort liability limit of $1,500,000 is authorized.
APPROVED by the City Council on this 26th day of March, 2019.