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e ORDINANCE 91 - 14 AN ORDINANCE AMENDING SECTION 800.26 OF THE CITY CODE OF ORDINANCES RELATED TO LIQUOR LIABILITY INSURANCE The ~'ty Council of the City of Elk River does ordain as follows: i Section 1.1 That Section 800.26 Subsection l(a) of the City Code of O~ inances be amended to read as follows: 1, proo~. No beer, wine, or liquor license shall be issued, mal'ntained, or renewed unless and until the applicant has providl d proof of financial responsibility imposed by Minnesota, tatutes, Section 340A.801, by filing with the City: I I e certificate that there is in effect an insurance or pool provided minimum coverages of 1) $100,000 e of bodily injury to anyone (1) person in anyone ence, and $300,000 because of bodily injury to two more persons in anyone (1) occurrence, and in the of $100,000 because of injury to or destruction of ty of others in anyone (1) occurrence, and 2). 00 for loss of means of support of anyone (1) in anyone (1) occurrence, and, subject to the of one (1) person, $300,000 for loss of means 9f t of two (2) or more persons in anyone (1) ence (an annual aggregate policy limit for dram shop ity of not less than $300,000 per policy may be ed in the pOlicy provision); or bond of a surety company with minimum coverages as ed in subparagraph A of this Section; or, c. certificate of the State Treasurer that the lice~1 ee has deposited with him $100,000.00 in cash or secu 'ties which may legally be purchased by savings banks or f trust funds having a market value of $100,000.00. ion. This Section does not apply to on-sale beer ith sales of beer of less than $10,000 for the ear, nor to off-sale beer licensees with sales of s than $20,000.00 for the preceding year, nor does holders of on-sale wine licenses with sales of wine n $10,000.00 for the preceding year. An affidavit nsee shall be required to establish the exemption subdivision. 2. Exce licensees I preceding i ~eer of lE1 lt apply ~ of less thj of the li9 under thii e .I .'. ~ , ,