[§ 1, Ord. 817, eff. December 3, 1987]
The City shall require, as a condition of issuing such a permit, that the applicant furnish insurance in the amount of $1,000,000 to protect the City against claims of third persons for personal injury, wrongful death and property damage and to indemnify the City for damage to the City property arising out of the permittee's activities. An additional $5,000,000 of such general liability insurance coverage shall be required in the event aircraft or helicopters are used in the activity. A copy of the policy will remain on file with the application. The City and its officers and employees shall be named as additional insureds under the policy, which shall not be subject to cancellation without 30 days' written notice to the City. Applicant shall also submit verification that adequate Worker's Compensation insurance coverage is maintained.