Before a license is issued by the Building Inspector, the applicant shall file with the City Clerk a bond, in an amount set by resolution of the City Council, signed by one or more sufficient sureties to be approved by the City Council or a surety band of the same amount issued by an approved corporate surety company. Said bond shall contain the condition that the applicant shall defend, save, keep harmless, and indemnify the city from all liabilities, claims, damages, judgments, costs and expenses of the business of HVAC installation and repair. The provisions of this section may be satisfied by the applicant depositing with the Clerk an insurance policy providing public liability and property damage insurance to the city and the general public in the same amount as the bond, executed by an insurance company authorized to do business with the State of Nebraska; provided, an endorsement, approved as to form by the City Attorney, shall be attached to and become part of each and every such liability insurance policy deposited with the city. Said endorsement shall contain each and every condition of said bond or of the covenants in the required endorsement on said policy of insurance for a period of one year after the completion of any HVAC work.
(Ord. 1829, passed 1-23-03)