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to liability under Minnesota Statutes, §340A.801. The applicant <br />shall demonstrate that such proof has been filed with the <br />Commissioner of Public Safety where required under Minnesota <br />Statutes §340A.409. Proof of financial responsibility shall be <br />required prior to the issuance of any nonintoxicating malt <br />liquor license regardless of the provisions of Minnesota <br />Statutes §340A.409, Subdivision 4. Any liability insurance <br />policy filed as proof of financial responsibility under this <br />subdivision shall conform to the requirements of Minnesota <br />Statutes §340A.409. An annual aggregate policy limit for dram <br />shop insurance of not less than $300,000.00 per policy shall be <br />included in the policy provisions. <br />(3) Approval of Security. Liability insurance policies <br />required by this chapter shall be approved as to form by the <br />City Attorney. Operation of a business licensed by this <br />ordinance without having on file with the State Insurance <br />Commissioner or the City at all times effective security as <br />required in Subdivision 2 is a cause for immediate revocation or <br />suspension of the license. <br />(4) Special Event on City Property. A liability insurance <br />policy for a special event to be held on City property shall <br />name the City as an additional insured. <br />(5) Temporary On -Sale License Application. Applications <br />for Temporary On -Sale licenses shall be made no less than thirty <br />(30) days prior to the commencement of the event on form <br />prescribed by the City Administrator. The license shall be a <br />specific event, and the application shall specify the date(s), <br />time(s) and place of the event. <br />702.040. LICENSE FEES. <br />(1) Each application for a license shall be accompanied by <br />a receipt for payment in full of the required fee for the <br />license. All fees shall be paid into the general fund of the <br />City. Upon rejection of any application for a license, the <br />Deputy City Clerk shall refund the amount paid. <br />(2) Every license except a temporary license shall run for <br />a period of one (1) year from July 1 in each year. If a portion <br />of the license year has elapsed when the license is granted, the <br />license shall be issued for the remainder of the year for a pro <br />rata fee. In computing such a fee, any unexpired fraction of a <br />month shall be counted as one month. A temporary license shall <br />be issued for a specific period in which a special event to <br />which the sale is incident is being held and such period shall <br />be stated on the license. <br />-4- <br />Page 15 <br />