Upon affirmative vote by a majority vote of Council that a permit shall be issued, the City Manager shall issue the same only if there is submitted to the City Manager a certificate of insurance covering the applicant's liability for property damage and personal injury in the amount of not less than one million dollars ($1,000,000) with an annual aggregate limit of two million dollars ($2,000,000) which policy shall remain in effect and be maintained by the applicant until the well is plugged and pulled. The insurance policy shall specifically include liability coverage for the applicant covering the drilling and the operation of the well including liability coverage for blowout and crater in the drilling of the well.
(Ord. 93-08. Passed 3-1-93.)