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10.} Closure. ~Iithin six ~G} months of a written demand by the City, but in no event later <br />than one ~1} year prior to the date projected for cessation of landfill. operations, the Permittee shall <br />submit to the City far approval an updated closure and post-closure plan for tl~.e Landfill. Site. <br />11.} Insurance. The Permittee shall secure and maintain insurance from an insurance <br />company acceptable to the City and authorized to write casualty insurance ~ the State of Minnesota <br />which will protect the Permittee, its agents and employees, and the City from claims for bodily inju~~T, <br />death, or property damage which may arise from the operations on the Landfill Site. The Permittee <br />shall file a certificate of insurance of a certi~.ed copy of tl~e insurance policy with the City. Such <br />insurance policy shall contain a clause providing that it shall not be cancelled by the insurance <br />company without thirty X30} days' written notice to the City of intention to cancel. The following <br />coverages shall be provided i_n amounts not less than those specified; <br />~C} Public liability, general liability, loading and unloading, personal injufy, and property <br />damage; <br />(a) $1,000,000 per claimant <br />~b} X1,000,000 per occurrence <br />~c} $1,000,000 annual aggregate <br />~02} Automobile and trucl~ public liability, personal injury, and property damage, ita,cluding <br />owned and non-owned vehicles with a X1,000,000 fY]1t1f#'t'lum limit. <br />X03} The City may require additional insurance be provided by the Permittee if marl~et <br />conditions change such that additional coverage become economically practicable. The <br />insurance ]units required by this section shall be reduced if these insurance limits are not <br />reasonably and economically available. For the purposes of this subsection "economically <br />practicable," "reasonably" and "economically available" shall be determined by the insurance <br />coverages affected by the Minnesota Joint Underwriters Association or the readily available <br />private insurance il~arket. <br />12.} BB o~ding <br />~Q1} The Permittee shall furnish a surety bond in favor of the City in the amount of Three <br />Hundred Thousand Dollars x$300,000} to run continuously annual renewal allowed} until all <br />landfill operations and closure activities are completed to ensure compliance with the terms <br />and conditions of this Conditional Use Permit. Such bond shall be made by an insurance <br />company of other financial institution acceptable to the City and shall be in a form acceptable <br />to the City and its attorney. The bond shall be subject to cancellation by the obligor by giving <br />one hundred twenty X120} days' prior written notice to the City. The Permittee shall renew <br />each such bond no more than sixty AGO} days after any such written notice, and failure to so <br />renew the bond shall be an event of default of the obligations of the Permittee and shall <br />constitute ground for immediate and automatic (evocation of this Permit. Said bond shall <br />provide that if the Permittee refuses to obey any of these requirements or to any of the acts <br />required by this Conditional Use Permit or for any reason ceases to operate or abandons the <br />landfill, and the City is required to expend monies or labor or material to restore the Landfill <br />S:~PLANNZNG MA~N~Case ~'iles~CUP~CU ~0-02 ~R Land#~i11~LANDrII.~L CUP 2010 2 ~b 10 CC `Te~sion.DOC Page 10 <br />