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and employees, and the City from claims for bodily injury, death, or property <br />damage which may arise from the operations on the Landfill Site. The Permittee <br />shall file a certificate of insurance or a certified copy of the insurance policy with <br />the City. Such insurance policy shall contain a clause providing that it shall not <br />be cancelled by the insurance company without thirty (30) days' written notice to <br />the City of intention to cancel. The following coverages shall be provided in <br />amounts not less than those specified: <br /> <br /> (01) Public liability, general liability, loading and unloading, personal <br />injury, and property damage: <br /> <br />(a) $1,000,000 per claimant <br /> <br />(b) $1,000,000 per occurrence <br /> <br />(c) $1,000,000 annual aggregate <br /> <br />(02) Automobile and truck public liability, personal injury, and property <br />damage, including owned and non-owned vehicles with a $1,000,000 <br />minimum limit. <br /> <br />(03) The City may require additional insurance be provided by the <br />Permittee if market conditions change such that additional coverage <br />become economically practicable. The insurance limits required by this <br />section shall be reduced if these insurance limits are not reasonably and <br />economically available. For the purposes of this subsection ':economically <br />practicable," "reasonably" and "economically available" shall be <br />determined by the insurance coverages affected by the Minnesota Joint <br />Underwriters Association or the readily available private insurance <br />market. <br /> <br />12.) Bonding <br /> <br />(01) The Permittee shall furnish a surety bond in favor of the City in the <br />amount of Three Hundred Thousand Dollars ($300,000) to run <br />continuously (annual renewal allowed) until all landfill operations and <br />closure activities are completed to ensure compliance with the terms and <br />conditions of this Conditional Use Permit. Such bond shall be made by an <br />insurance company or other financial institution acceptable to the City <br />and shall be in a form acceptable to the City and its attorney. The bond <br />shall be subject to cancellation by the obligor by giving one hundred <br />twenty (120) days' prior written notice to the City. The Permittee shall <br />renew each such bond no more than sixty (60) days after any such written <br />notice, and failure to so renew the bond shall be an event of default of the <br />obligations of the Permittee and shall constitute ground for immediate and <br />automatic revocation of this Permit. Said bond shall provide that if the <br /> <br />13 <br /> <br /> <br />