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HomeMy WebLinkAboutORDINANCE 1184-19870 Suggested by: Administration CITY OF KENAI ORDINANCE NO. 1184-87 AN ORDINANCE OF THE. COUNCIL OF THE CITY OF KENAI, ALASKA, AMENDING KMC 21.20.270(a)(1) AND PROVIDING FOR A $500,000 LEVEL LIMIT POLICY INSURANCE REQUIREMENT. WHEREAS, Lessees of City -owned property are having an increasingly difficult time acquiring $1,000,000 of insurance as required by KMC 21.20.270(a)(1); and, WHEREAS, the President of the United States has declared a crisis in the insurance liability market; and, WHEREAS, it is the desire of the City of Kenai to aid small businesses in this particular crisis. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, LhaL KMC 21.20.270 be amended as follows: 21.20.270 Insurance -Hold Harmless: (a) Lessee shall convenent to save the City harmless from all actions, suits, liabilities, ur damages resulLing from or arising out of any acts of commission or omission by the lessee, his agents, employees, customers, invitees, or arising from or out of the lessee's occupation, or use of the premises demised, or privileges granted, and to pay all costs connected therewith. In this connection, the lessee shall agree to arrange and pay for all the following: (1) [PUBLIC] Comprehensive qeneral liability insurance protecting both the City and/or its agents and the lessee, such insurance to be evidenced by a certificate showing the insurance in force. [THE AMOUNT OF SUCH PUBLIC LIABILITY INSURANCE SHALL HAVE LIMITS NOT LESS THAN THOSE KNOWN AS $500,000/$1,000,000/$250,000.]Said comprehensive general 1 L E-- nsV PASSED BY THE COUNCIL OF THE CITY OF KENAI, AL of January, 1987. ATTEST: net Whelan, City Clerk this 21st day 4 //" N 0 2' First Reading: January 7, 1987 Second Reading: January 21, 1987 Effective Date: February 21, 1987 . . . . . . . . . . . . 2