A policy of indemnity insurance for personal liability and property damage, in the amount as stipulated by ordinance, protecting the municipality against any claims for damage to person or property resulting from or by reason of the construction of the required improvements, shall be furnished to the municipality and maintained in force by the subdivider. The insurance policy shall remain in full force and effect until all improvements are completed and maintained to the satisfaction of the Council.
(Ord. 2020-10, passed 6-15-2020)