(A) Hold harmless. The city and the airport authority of the city, and their employees, officers and agents, shall not be liable for damages to any person or property caused from fire, wind, vandalism or other hazards which may occur, or which may be alleged to have occurred, upon the premises occupied by the lessee. The lessee shall save and hold harmless the city and the airport authority of the city, and their employees, officers and agents, from and against all suits or claims based upon any alleged injury to any person or property which may occur, or which may be alleged to have occurred, on or near the premises occupied by the lessee and, at his or her expense, defend any and all such actions and shall, at his or her expense, pay all charges of attorneys and all costs and other expenses arising therefrom or incurred in connection therewith; and if any judgment shall be rendered against the city or the airport authority of the city, and their employees, officers and agents, in any such action or actions, the lessee shall, at his or her own expense, satisfy and discharge the same.
(B) Hangar and contents.
(1) The owner shall provide liability insurance coverage of not less than $1,000,000 and shall name the city and the airport authority of the city as additional insureds.
(2) The owner shall provide fire and extended coverage insurance, and shall name the city and the airport authority of the city as additional insureds as their interest may appear.
(Res. passed 8- -1988)