(a) Unless a time extension is granted in writing by the director, within five business days of approval of the permit, the permittee must file with the director an insurance certificate establishing that the applicant has in force public liability and property damage insurance in the amount of one million dollars to indemnify the city against any personal injury, death, loss or damage resulting from the permittee’s activities. The city and its officers, employees and agents shall be named as additional insureds. The policy must include a statement by the insurance carrier that thirty days advance written notice will be given to the city before any cancellation or modification of coverage. The permittee must maintain such insurance for as long as the permittee maintains a newsrack on a city sidewalk. The applicant shall also execute a hold harmless agreement as provided by the city prior to the issuance of any permit.
(b) Upon a showing that the insurance requirements are so financially burdensome that they would constitute an unreasonable burden on First Amendment rights by virtue of the financial circumstances of the applicant, the director may waive or decrease that requirement, as necessary.
(Ord. 789 § 4 (part), 1999)