770.15 PERMIT ISSUANCE; LIABILITY INSURANCE.

   Upon passage by a majority of Council that a conditional zoning certificate be granted, the Zoning Inspector shall issue the permit applied for. However, prior to such 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 five hundred thousand dollars ($500,000) property damage and a minimum of one million dollars ($1,000,000) personal injury, which insurance policy or policies shall be maintained for such period of time as drilling is in progress, the well is operational or is producing oil and/or gas, and until such well is pulled and/or plugged as hereinafter provided. The insurance policies and the coverage thereunder shall be to the complete satisfaction of the City and such policies may be rejected by the City. Such rejection of the insurance policies by the City 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 City has been provided by the applicant. The applicant shall furnish proof of continuing paid up insurance premiums for the duration of the well operation. Failure to do so shall be grounds to revoke the permits previously granted.

   All insurance coverage shall be approved by the City and shall include coverage for all items specified by this chapter including coverage for well blowout and cratering.

   The permittee shall hold the City harmless from all liability resulting from the granting of a permit through this chapter.

(Ord. 98-1980. Passed 6-9-80.)