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DRAFT <br />4.16.2010 <br /> <br /> <br />Page 10 <br />(5) oOne hundred thousand dollars ($100,000.00) for loss of means of <br />support of two (2) or more persons in any one (1) occurrence. <br /> <br /> b. Bond: A bond of a surety company with minimum coverages as provided in <br />subdivision l (a) hereof above.; or <br /> <br /> c. Securities Commissioner of Management and Budget Certificate: A certificate of <br />the State Treasurer Commissioner of Management and Budget that the licensee has <br />deposited with the State Treasurer Commissioner of Management and Budget one <br />hundred thousand dollars ($100,000.00) in cash or securities which may legally be <br />purchased by savings banks or for trust funds having a market value of one hundred <br />thousand dollars ($100,000.00). <br /> <br />d Subd. 2. Approval by Council: The proof of financial responsibility under this subdivision <br />shall be approved by the Council and, when required, by the Commissioner of Public Safety. <br /> The Municipal City Attorney shall approve the form of the financial responsibility. <br /> <br />e. Temporary License for Event on City owned premises located at 5394 Edgewood Drive or <br />8290 Coral Sea Street: As a result of the sale or dispensing of non-intoxicating malt liquor <br />or intoxicating liquor under a temporary license issued under Section 502.03, subdivisions 6 <br />and 7 for events on City owned premises located at 5394 Edgewood Drive and 8290 Coral <br />Sea Street the following insurance limits are required: one hundred thousand dollars <br />($100,000.00) bodily injury each person; two hundred thousand dollars ($200,000.00) each <br />common cause; one hundred thousand dollars ($100,000.00) property damage each common <br />cause; one hundred thousand dollars ($100,000.00) loss of means of support; two hundred <br />thousand dollars ($200,000.00) each common cause; and three hundred thousand dollars <br />($300,000.00) annual aggregate. On any policy or insurance pool providing coverage <br />hereunder, the City, shall be named as an additional insured. The license holder under this <br />paragraph shall hold the City harmless and agree to indemnity the City for acts of the license <br />holder. (Ord 591, 10-29-96) <br /> <br />Subd. 3. A certificate of insurance, bond or certificate from the Commissioner of <br />Management and Budget as set forth in Subdivision 1 are required for temporary on- <br />sale intoxicating liquor licenses. The insurance policy or bond must have the <br />following coverage: one hundred thousand dollars ($100,000.00) bodily injury each <br />person; two hundred thousand dollars ($200,000.00) each common cause; one <br />hundred thousand dollars ($100,000.00) property damage each common cause; one <br />hundred thousand dollars ($100,000.00) loss of means of support; two hundred <br />thousand dollars ($200,000.00) each common cause; and three hundred thousand <br />dollars ($300,000.00) annual aggregate. If the event is to be held on City property, <br />the City shall be named as an additional insured and the license holder shall agree to <br />hold the City harmless and indemnify and defend the City for acts of the license <br />holder. <br />