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October 14, 1996 <br /> Page Two <br /> The rates vary greatly depending upon the type of establishment. A small caterer or liquor store pays much <br /> smaller rates than a bar and/or restaurant. He will be providing me with a range of rates, not based on any <br /> scientific measure but just on limited research, by Monday's meeting. <br /> The policy decision should be based upon the comfort level of the Council in anticipating a catastrophic event <br /> when liquor is being served on City property and what type of additional burden we want to put on private <br /> business to protect the City. Currently the annual liquor license liability limits are at the minimum required <br /> by State Law which is $50,000 per person$100,000 per occurrence. If the Council is comfortable with this <br /> limit, and according to our insurance provider 99%of the time this limit is sufficient, does the Council want to <br /> impose the higher limit in the 1% case of a catastrophic event such as death. A compromise may be a limit in <br /> between the regular limits and the $1 million dollar limit for a one time event. <br /> The ordinance can be amended prior to adoption to reflect a reduction in the $1 million limit if the Council <br /> wishes. <br />