Agenda Packets - 1983/02/07 - Laserfiche WebLink

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Page 2 of means of support of two or more persons in any one occurrence. _ b) A bond of a surety company with minimum coverages as provided in clause a). c) A certificate of the State Treasurer that the licensee has deposited with him $100,000 in cash or securities which may legally be purchased by savings banks or for trust funds having a market value of $100,000. Subdivision 3. Approval by Council. The proof of financial responsibility under Subdivision 2 iereof shall be approved by the council and, when required, by the Commissioner of Public Safety. The municipal attorney shall approve the form of the financial responsibility. Subdivision 4. Revocation. The operation of such "off - sale" or "on -sale 'liquor o business without having on file at all times with the municipality proof of financial res- ponsibility shall be grounds for immediate revocation of the license. Notice of cancellation of a current liquor liability policy shall serve as notice of the impending revocation of the license. It is also suggested that the same Subdivisions 2, 3 and 4 be added to Chapter 101.03 and that the current provision be retitled as Subdivision 1, Application for License. r^ Unless we add the above provision to Chapter 101.03, it will be necessary for us to determine whether or not a particular operator has taken in more than $10,000 from the sale of 3.2 beer or wine. Instead of putting the burden on the City to examine the operator's books, it probably would be prudent to require that they provide proof of financial responsibility as provided hereinabove. In any event, the City should notify all intoxicating and non - intoxicating license holders that they must arrange for this coverage pursuant to statute by March 1, 1983. This can be done by letter setting forth the requirements of 100.03, Subdivision 2. Yours very truly, Aichard Meyers RM/ew �� 3