The applicant is required to obtain and present evidence of surety indemnity bond or comprehensive liability insurance naming the City as an additional insured. The minimum insurance requirement shall be the limits of Municipal liability contained in the New Mexico Tort Claims Act. If the event poses higher risks than covered by such insurance, the applicant shall be responsible for assessing the risks of the event and obtaining additional insurance coverage. Governmental agencies that are political subdivisions of the State of New Mexico, the Federal government, or a tribal government are exempt from the requirement to provide proof of insurance. (Ord. 2017-8, 10-10-2017)