2005-08 AMENDING CITY CODE - CHAPTER 59 - SIGN HANGERS

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. . � , ORDINANCE NO. 2005-08 ORDINANCE AMENDING CITY CODE CHAPTER 59 - SIGN HANGERS - BE IT ORDAINED, BY THE CITY COUNCIL OF THE CITY OF DECATUR, ILLINOIS: Section 1. That Chapter 59 of the City Code of the City of Decatur, Illinois, be, and the same is hereby, amended and modified at Section 4 thereof, so that said Section 4, as amended, shall provide as follows: 4. INSURANCE. No such license shall be valid unless there is, and all privileges under any issued license shall terminate automatically at anytime there ceases to be, on file with the Finance Department, a certificate evidencing valid contracts of insurance between the licensee and a company authorized to do business in this State and approved by the City Risk Manager. The licensee may purchase insurance for the full limits required, or a combination of primary policies for lesser limits and the remaining limits provided by an Umbrella or Excess policy. Any policy providing excess limits shall name the City as additional insured and be primary. The Certificate shall provide for not less than thirty (30) days notice to the City before cancellation or modification of coverage can be effective. The insurance contracts shall provide: (a) Comprehensive General Liability on an occurrence basis for premises, operations, completed operations and product liability with limits not less than $1,000,000 per occurrence and $2,000,000 in the aggregate and for completed operations and products. The City will be named as an additional insured and the licensee's insurance must be primary.