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HomeMy WebLinkAboutResolution No. 371-13• RESOLUTION WHEREAS, the League of Minnesota Cities Insurance Trust ("LMCIT") provides property, liability, automobile, and workers compensation insurance coverage to member cities; and, WHEREAS, LMCIT will provide coverage to non-profit corporations which are instrumentalities of a member city; and, WHEREAS, the City of Rochester is a member of LMCIT; and, WHEREAS, the Destination Medical Center Corporation ("DMCC") is a non-profit corporation which as an instrumentality of the City of Rochester which provides the City with expertise in preparing and implementing the development plan establishing the City as a destination medical center; and, WHEREAS, DMCC wishes to obtain coverage through LMCIT. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Rochester that the City hereby authorizes DMCC to participate in LMCIT. BE IT FURTHER RESOLVED that the City of Rochester agrees to be secondarily responsible for any premiums, assessments, or other amounts which may now or in the future be owed by DMCC to LMCIT. PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF ROCHESTER, MINNESOTA, THIS DAY , 2013. PRESIDENT qF SAID COMMON COUNCIL ATTEST: am -run, CI CR' APPROVED THIS 11 W DAY OF , 2013. MAYOR OF SAID CITY (Seal of the City of • Rochester, Minnesota) Res10\Reso1u.DMCC Ins