§ 8.27. Insurance.

Each person to whom a heliport permit is issued by the City, throughout the period during which such heliport is being operated thereunder for the conduct of aeronautical activities, shall at such person's own cost and expense, procure and maintain in full force and effect an insurance policy or policies providing comprehensive public liability and property damage insurance, in a company or companies approved by the Director of Planning and Development and in form satisfactory to the Director of Planning and Development, insuring the City, the Authority, and their officers, agents, servants and employees and indemnifying said parties and the public against loss or liability for damages for bodily injury, death and property damage occasioned by reason of the operations of such heliport and the use or attempted use thereof by helicopters, with minimum liability limits for bodily injury or death of three hundred thousand dollars ($300,000.00) per person and one million dollars ($1,000,000.00) per accident, with minimum liability limits for property damage of five hundred thousand dollars ($500,000.00) and extended coverage insurance with minimum limits of two million dollars ($2,000,000.00). As an alternative to the foregoing provision, such person may file with the Director of Planning and Development a duly executed certificate by one or more insurance companies approved by the Director of Planning and Development to the effect that existing insurance of such person is extended in favor of the City, the Authority and the above named parties, covering such liabilities of the nature and extend heretofore stated, and said certificate shall be reexecuted so as to evidence continued maintenance, throughout the period such heliport is operated pursuant to such permit, of said insurance in said limits in favor of the City, the Authority and the above named parties. Said policy or certificate shall contain a provision that a written notice by the insurer of cancellation, or of any material change or reduction in coverage in said policy, shall be delivered to the City Clerk and the Director of Planning and Development ten (10) days in advance of the effective date thereof. Copies of any of the aforesaid policy or policies, including any policy referred to by said certificate of insurance, shall be delivered to the Director of Planning and Development upon issuance.

(Ord. of 10-2-1972, § 1; Ord. of 11-3-1986, Doc. #20736)