(A) Upon approval by a majority of the Planning Commission of a conditional zoning certificate, the Village Zoning Inspector shall issue the permit applied for. However, prior to issuance, the city shall be provided with a policy or certificate of insurance covering the applicant’s liability in an amount of not less than $500,000 property damage and not less than $1,000,000 personal injury, the amount to be set by the Planning Commission. The insurance policy or policies must be maintained for such period of time as drilling is in progress, the well is in operation or is producing oil or gas or until the well is pulled and plugged as hereinafter provided. The insurance policies and the coverages, thereunder, must be in the complete satisfaction of the Village Solicitor and such policies may be rejected by the village for any valid reason. The rejection of the insurance policies by the village shall serve to stay the granting of a permit theretofore approved by it until such time as an insurance policy providing coverage entirely satisfactory to the village has been provided by the applicant.
(B) All insurance coverage shall include coverage for all items specified in this chapter including coverage resulting from blowout and cratering.
(C) The permittee shall hold the village harmless from all liability resulting from the granting of a permit through this chapter.
(Ord. 30-1974, § 504.16, passed 7-15-1974; Ord. 01-2002, passed 1-4-2002)