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able to recover for a single occurrence to which the statutory tort limits apply would also be limited to the amount <br />of coverage purchased, regardless of the number of claimants. As noted, this option is more expensive and is <br />currently not budgeted for. There are additional costs in both waiving the limits and purchasing excess liability. <br />Funding Source: <br />Amounts attributed to not -waiving the statutory tort limits was included in the 2020 General Fund Budget under the <br />respective departments. <br />Recommendation: <br />Staff recommends that the City Council adopt the resolution not waiving (Option # 1) the Statutory Tort Limits for <br />liability coverage <br />Action: <br />Adopt Resolution # 19-278 Not Waiving the Statutory Tort Limits for League of Minnesota Cities Insurance Trust <br />Liability Coverage for the City of Ramsey. <br />LMC Memo Liability Coverage <br />Waiver Form <br />Reso #19-278 Not Waiving Tort Limits <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Kurt Ulrich Kurt Ulrich 11/21/2019 10:10 AM <br />Form Started By: Diana Lund Started On: 11/15/2019 06:43 AM <br />Final Approval Date: 11/21/2019 <br />