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Bonding. WMMI shall fumish a surety bond in the amount of Three Hundred Thousand <br />dollars ($300,000) to mn continuously (annual renewal allowed) until all recovery and <br />treatment operations are completed to ensure compliance with the terms and conditions of <br />this Conditional Use Permit. Such bond shall be made by an insurance company or other <br />financial institution acceptable to the City and shall be in a form acceptable to the City <br />and its attorney. The bond shall be subject to cancellation by the obligor by giving 120 <br />days prior written notice to the City. WMMI shall renew each such bond no more than <br />60 days after any such written notice, and failure to so renew the bond shall be an event <br />of default of the obligations of WMMI and shall constitute grounds for immediate and <br />automatic revocation of this Permit. Said bond shall provide that if WMMI refuses to <br />obey any of these requirements or to any of the acts required by this Conditional Use <br />Permit or for any reasons ceases to operate or abandons the recovery and treatment <br />system other than achieving cleanup standards set forth by MPCA, and the City is <br />required to expend moneys or labor or material to supply water to residents and <br />businesses due to groundwater contamination attributed to the landfill, the obligor shall <br />reimburse the City for any and all expenses incurred to remedy the failure of WMMI to <br />comply with this Permit, and the obligor shall indemnify and save the City harmless from <br />the losses, costs and charges that may occur to the City because of any default by WMMI. <br />The bond may be in a form exercisable by both the City and the County provided that <br />such exercise feature allows its use on instruction by either or both the City or County. <br /> <br />Violation of Conditions. If WMMI, or its successors or assigns, violates any term or <br />condition imposed by this Conditional Use Permit, it may be revoked and terminated. <br />Without limiting the foregoing, the violation of any statute, regulations, ordinance or <br />permit condition imposed by lawful governmental authority and governing operations on <br />the landfill site, is grounds for revocation and termination of this Conditional Use Permit. <br />The change, alteration or amendment of any such statute, regulations, ordinance or permit <br />condition by any governmental authority other than the City shall not excuse WMMI <br />from compliance with statutes, regulations ordinances or permit conditions in effect on <br />the date of the original issuance of this permit unless compliance is waived or excused by <br />the City. <br /> <br />10. <br /> <br />Nonassignabili _ty of Permit. Any rights conferred on WMMI by this Permit are personal <br />to the Permit Holder. The City is issuing this Permit on the basis of the credit and <br />reputation of WMMI. WMMI shall not assign or transfer this Permit without first <br />obtaining approval of the City which may allow or disallow such transfer in its absolute <br />and sole discretion, except that it may be transferable to the Minnesota Pollution Control <br />Agency. <br /> <br />11. <br /> <br />Annual Review. This Permit and the performance of the owner/operation shall be <br />reviewed annually by the City Council at least 60 days prior to the anniversary date of the <br />permit date. Required insurance certificates and appropriate bonds shall be submitted to <br />the City prior to the anniversary date of the permit. <br /> <br /> <br />