07-09-2014 Council Agenda - Laserfiche WebLink

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Fra -Dor, Inc. Aggregate Stockpiling and Recycling Interim Use Permit Interim Use Agreement Page 12of16 for property damage shall not be less than S500,000 for each occurrence. The City shall be named as an additional named insured on said policy, and the Owner shall file a certificate evidencing the insurance coverage with the City prior to the commencement of mining operations. The policy must contain a provision that the insurer will not cancel or modify the policy without giving written notice to the insured and the City at least thirty (30) days before the cancellation or modification becomes effective. Not less than fifteen (15) days prior to the expiration of any policy, the Owner or its successor must furnish the City satisfactory evidence that the policy has been renewed or replaced by another policy conforming to the provisions of this Paragraph. 33. The insurance policy obtained by the Owner is subject to City approval. In the event that the City is held liable to a third party by a court of' competent jurisdiction for damages and the insurance obtained by Owner for any reason fails to cover the City, Owner retains its obligation to indemnify the City and hold it harmless as stated above. Recording 34. The Owner shall record this Interim Use Permit and Agreement with Ramsey Comity and shall forward confirmation of the recording of the document to the City. In the event that technical or clerical revisions are needed in the document or if for any reason the County Recorder deems the Interim Use Agreement unrecordable, Owner shall cooperate with the City in the execution or amendment of any revised Interim Use Agreement. Representations and Default 35. In the event of default by Owner as to any of the work to be performed by it hereunder, the City may, at its option, perform the work and the Owner shall promptly reimburse 13