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HomeMy WebLinkAboutOrdinance 17-2001 ORDINANCE NO. 17-01 AN ORDINANCE ESTABLISHING REVISED GENERAL LIABILITY LIMITS FOR ALCOHOLIC BEVERAGE OPERATING AGREEMENTS IN THE CITY OF BROOKINGS, SOUTH DAKOTA. BE IT ORDAINED AND ENACTED BY THE COUNCIL OF THE CITY OF BROOKINGS, STATE OF SOUTH DAKOTA, AS FOLLOWS: Sec. 5-10. Minimum Liability Insurance Limits I. All current and future Operating Agreements between the City and parties designated "Manager" shall be subject to the following revised insurance limits: General liability insurance protecting both the City and Manager against claims for injury or damages to persons or property, said policy to have general liability limits of at least Five Hundred Thousand Dollars ($500,000.00) single limit,and One Million Dollars($1,000,000.00) aggregate, and a limitation of Fifty Thousand Dollars ($50,000.00) for damage to property. The general liability insurance limits are subject to change and Manager agrees to change limits of insurance if required by the City; II. The effective date of this ordinance shall be twenty (20) days after publication of this ordinance. All Operating Agreements shall be subject to the change in general liability insurance established by this ordinance as of the effective date of this ordinance. III. Any or all ordinances in conflict herewith are hereby repealed. FIRST READING: January 14, 2002 SECOND READING: January 28, 2002 PUBLISHED: February 1, 2002 OF B •OKINGS, SO n''H DAKOTA/ o»e, :r c,f' ... Virgil H. ' :rriott : a � ! W Shari ornes, City Clerk