80-08 AMENDING CITY CODE CHAPTERS 35 AND 37

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license, the payment of all fees or charges accruing to the City connected therewith and against any faulty workmanship or materials and to remain in effect for a period not less than three years from tYie end of the license period during which work under said license was done, all in such form and with such surety or security as may be approved by the Corporation Counsel which said security may be in any form as is approved for Site Development or Subdivision bonds. 4 . 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 City Clerk, a certificate evidencing a val�id contract of insurance between the licensee and a company authorized to. do business in this State and approved by the Corporation Counsel, with the City as an additional named insured, providing comprehensive general liability coverage including premises and operations, contractor' s protective liability, completed operations and product liability w�ith limits not less than $300 ,000 bodily injury and $100 ,000 property damage per occurrence, which certificate shall provide for not less than thirty day notice to the City before cancellation or modification of coverage can become effective as to it. 5. Such a license may be revoked or issuance or renewal thereof refused by order of the Council if it appears to the Council the licensee or applicant has so performed as to indicate there exists reasonable cause so to do, but only after an opportunity to be heard upon the matter has been afforded such licensee or applicant.