The permittee shall maintain public liability and property damage insurance in an amount of not less than $1,000,000 for personal injury to each person, $1,000,000 for each occurrence, and $1,000,000 for each occurrence involving property damages, plus the costs of defense; or a combined single limit policy of not less than $5,000,000 covering all claims plus the costs of defense. The policy shall name the City as an insured and shall provide that the insurance shall not be canceled or materially altered without thirty (30) days written notice first being given the City. A copy of the policy shall be deposited with and kept on file in the office of the Public Service Director.
(Ord. 662-94. Passed 11-29-94.)