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OATE', - 12/12/83 <br />REQU�E%j P F-vR1 COUNCIL ACTION, <br />5 <br />Minnesota State Statutes now require on-isale liquor licensees to have liquor <br />liiability,, loiss of means of support,, and property damage insurance coverage. <br />The Statute a,lso requires licensees to prowl-de a Coxporate Surety Bond,, runnlnl;,o <br />T <br />favor of th,ie City, in the amount of 00 or $5,,000. The City Attorney <br />recommends, the $5,000 amount, <br />1. <br />Attached isi a pirolposed ordinance incorporating these changes. <br />Council Action, Requested.: Motion adopitin,g, ordinance amending Section 151.030,, <br />Subdivision 2, and adding a new Section 151.030, <br />Subdivision 4, pertaining to liability insurance <br />and Corporate Surety Bonds as a requirement for a <br />liquor license. <br />