(A) All persons, firms and/or organizations contracting with the city for the performance of services shall, prior to any award of contract, file with the clerk of the council a certificate of insurance evidencing liability and Workmen’s Compensation insurance coverage applicable to and for the duration of the proposed project. This coverage shall be in addition to other insurance and bond for performance. The minimum limits of such liability insurance coverage shall be in the sum fixed as required by law or regulation governing the proposed project or otherwise shall be in the minimum limit of one hundred thousand dollars/three hundred thousand dollars ($100,000.00/$300,000.00) for bodily injury and fifty thousand dollars ($50,000.00) property damage. Failure to comply shall constitute just cause for the city to void any such contract. If the insurance coverage shall terminate after the award of any contract, but prior to the completion of any such contracted project, then the city may withhold payment of sums or balance thereof due under such contract pending the acquisition of satisfactory and applicable insurance coverage and/or satisfaction of any existing or potential claims. Knowledge of the herein insurance requirements shall be imputed to all contractors.
(B) The council may waive such insurance requirements if such contracts are limited to request for supplies and/or materials only.
(Ord. 71, passed 3-13-73)