HomeMy WebLinkAboutAdditional Information Presented to CC11
Updates for the City Council Meeting
Credit Union Building
- Assessment of Building $ 2,500
- Review of Space needs study and if function could be moved into building $ 2 -2,500
- Master Plan of quarter block - $ 10,000
• League of MN Cities Insurance Trust- Waiver of Tort Limits
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CITY OF 8T. J(AKPH
MEETING DATE: December 18, 2007
Council Agenda Item
AGENDA ITEM: Liability Insurance — Requested Action: Authorize the
Administrator to execute the LMCIT Liability Coverage Waiver Form, verifying that the City does not
waive the monetary limits on tort liability.
SUBMITTED BY:
Administration
BOARD /COMMISSION /COMMITTEE RECOMMENDATION:
PREVIOUS COUNCIL ACTION: Annually the Council must determine if the City waives the tort limits for
liability insurance. Each year the City has reviewed the provision and opted to not waive the monetary
limits.
BACKGROUND INFORMATION: The tort limits establish the maximum amount that an individual can try
and recover through a liability claim. If the City does not waive the rights, the maximum an individual
can recover from a single incident is $ 300,000 or $1,200,000 for all claimants of a same incident. If the
City waives the monetary limits on tort liability, the maximum recovery an individual can claim is $
1,200,000 per single occurrence. Simply put, this provision limits the amount the City can be sued for a
single event. Waiving the monetary limits would add additional premium an allow individuals to sue for
a larger amount.
BUDGET /FISCAL IMPACT: If the City waives the limits, an additional premium of 3.5% of the
Liability Premium will be charged. ($ 1,000 to $1,500)
ATTACHMENTS: Liability waiver form
REQUESTED COUNCIL ACTION: Authorize the Administrator to sign the Waiver form indicating the City
does not waive the tort limits.
Current Policy
Subd C. Accumulation Rights
No more than eighty hours of vacation time may be carried over and accumulated through an employee's
anniversary date. Any hours /days in excess of the allotted carry over, will be forfeited on the employee's
anniversary date.
Proposed Amendment
Subd C. Accumulation Rights
An employee shall be allowed to carry forward into the next calendar year, the maximum
number of hours equal to what is accrued during the same year. For example: any employee
earning 160 hours of vacation shall be allowed to carry that same balance forward into the next
calendar year. At no time shall the maximum vacation carry over on December 31 of any
calendar year exceed 200 hours.