HomeMy WebLinkAbout2004-003 EDAR1
1
its adoption:
Commissioner Kathleen Carmody introduced the following resolution and moved
EDA RESOLUTION NO. 2004 -03
RESOLUTION SELECTING THE NO WAIVER OPTION FOR STATUTORY
TORT LIABILITY
WHEREAS, the Economic Development Authority (EDA) has the option to waive
its protection under tort liability limitations as contained in Minnesota Statute; and
WHEREAS, the statutory tort limitation is $300,000 per individual and an aggregate
of $1,000,000 per incident; and
policy year.
Date
WHEREAS, the EDA is required to make formal declaration of its intent each
NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority
in and for the City of Brooklyn Center that it chooses not to waive its rights to limited liability under
Minnesota State Statutes.
March 22, 2004
Preside
The motion for the adoption of the foregoing resolution was duly seconded by commissioner
Kay Lasman
and upon vote being taken thereon, the following voted in favor thereof:
Myrna Kragness, Kathleen Carmody, Kay Lasman, and Diane Niesen;
and the following voted against the same: none;
whereupon said resolution was declared duly passed and adopted.