HomeMy WebLinkAboutCity Council Resolution 2014-127CITY OF PLYMOUTH
RESOLUTION No. 2014-127
A RESOLUTION TO AWARD THE CONTRACT FOR 2014-2015
PROPERTY AND CASUALTY INSURANCE TO
THE LEAGUE OF MINNESOTA CITIES INSURANCE TRUST (LMCIT)
WHEREAS, the city desires to purchase insurance coverage for potential liability and
property losses; and
WHEREAS, the city has reviewed the proposal for the necessary insurance coverage; and
WHEREAS, the city received a renewal from the League of Minnesota Cities Insurance
Trust for an annual premium of $406,936; and
WHEREAS, staff recommends that the City Council authorize the statutory tort liability
limit of $1,500,000.
NOW, THEREFORE, BE IT RESOLVED BYTHE CITY COUNCIL OF THE CITY OF PLYMOUTH,
MINNESOTA that the 2014-2015 contract for property and casualty insurance is awarded to the
League of Minnesota Cities Insurance Trust for an annual premium of $406,936; and
NOW, THEREFORE, BE IT FURTHER RESOLVED BYTHE CITY COUNCIL OF THE CITY OF
PLYMOUTH, MINNESOTA that the statutory tort liability limit of $1,500,000 is authorized.
APPROVED this 22nd day of April, 2014.