(a) Upon the approval of Council of a drilling unit authorization permit, the Community Development Administrator shall issue the permit upon receipt of a certificate of insurance covering the applicant's liability in the minimum amounts of $500,000 property damage and $1,000,000 personal injury, per occurrence, or such other amount set by the Council. Insurance coverage must be maintained while drilling is in progress, the well is in operation or is producing oil or gas, and until the well is pulled, sealed and plugged as hereinafter provided. The insurance companies, policies and the coverages hereunder are subject to approval by the Law Director. The rejection of an insurance policy by the City shall serve to stay the granting of a permit until a satisfactory insurance policy providing coverage has been submitted by the applicant and approved by the Law Director.
(b) All insurance policies shall include coverage for all items specified in this chapter, including coverage resulting from blowout and cratering.
(c) The applicant and permit holder shall hold the City of Chardon harmless from all liability resulting from the granting of a permit pursuant to this chapter.
(Ord. 2635. Passed 1-13-11; Ord. 3040. Passed 12-13-18.)