Resolution - #01-06-241 - 06/26/2001

Home

• • • 31. Financial Assurnace. The Permittee shall submit financial assurances as follows: (a) Liability Insurance and Liability Indemnification. The Permittee shall secure and maintain insurance from an insurance company acceptable to the City and authorized to write casualty insurance in the State of Minnesota which will protect the Permittee, its agents and employees and the City from claims for bodily injury, death or property damage which may arise from the operations on the Subject Property. The Permittee shall file a certificate of insurance or a certified copy of the insurance policy with the City. The following coverages shall be provided in amounts not less than those specified: i. Public liability, general liability, personal injury and property damage: (1) Injury or death of one person - $1,000,000.00. (2) Injury to more than one person in a single accident - $1,000,000.00. (3) Property damage - $1,000,000.00. (4) Total Aggregate Liability for all items $1,000,000.00. ii. Automobile and truck public liability personal injury and property damage including owned and leased vehicles: (1) Injury or death of one person - $250,000.00. (2) Injury to more than one person in a single accident - $250,000.00. (3) Property damage - $250,000.00. Insurance coverage as specified in paragraphs (i) and (ii) shall be carried for the term that metal recycling operations are conducted. 32. Right to Require Performance. The failure of the City at any time to require performance by the Permittee of any provisions hereof shall in no way effect the right of the City thereafter to enforce the same. Nor shall waiver by the City of any breach of any of the provisions hereof be taken or held to be a waiver of any succeeding breach of such provision or as a waiver of any provision itself. 33. Severability. If any provision of this Permit shall be declared void or unenforceable, the other provisions shall not be affected, but shall remain in full force and effect. 34. Modification. This Permit constitutes the entire agreement and understanding between the parties hereto with respect to this Permit. This Permit shall not be considered modified, altered, changed or amended in any respect unless in writing and signed by the City and the Permittee. 35. Amendment, Suspension or Revocation of Permit. The violation of any of the material terms of this Permit is grounds for suspension or revocation hereof consistent with applicable law. RESOLUTION #01 -06 -241 Page 6 of 9