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contained in this Chapter and Minnesota Statutes section 340A.22. (Ord.----. 6-8- 2015 Q. On-sale Microdistillery Cocktail Room Licenses: On-sale Microdistillery Cocktail Room Licenses shall permit the licensee to sell distilled liquor produced bv the distiller for consumption on the distiller's premises, subject to all re�ulations and restrictions contained in this Chabter and Minnesota Statutes section 340A.22. (Ord.- ---, 6-8-2015) 302.03: APPLICATION: A. Requirements: The requirements set forth in this Section shall apply to applications for those ]icenses named in Section 302.02 of this Chapter. B. Form: 1. Information Required: Every application for a license under this Chapter shall state the name of applicant, applicant's age, presentations as to applicant's character, with such references as the City Council may require, applicant's citizenship, the type of license applied for, the business in connection with which the proposed license will operate and its location, whether the applicant is owner and operator of the business, how long applicant has been in that business at that place and such other information as the City Council may require from time to time. 2. Verification: In addition to containing such information, the application shall be in the form prescribed by the State Liquor Control Director and shall be verified and filed with the City Manager. No person shall make a false statement in an application. 3. Subsequent Data: From time to time, at the request of the City Manager, a licensee will provide data to the City concerning that portion of its revenue attributable to the sale of food and the sale of liquor and/or wine. (Ord. 972, 5-13-1985) C. Liability Insurance: 1. Policy Limits: Prior to the issuance or renewal of a license under this Chapter, the applicant shall file with the City Manager a certificate of insurance in a form to be provided by the City covering liquor liability, loss of ineans of support and pecuniary loss in the amount of ($500,000.00 of coverage because of bodily injury to any one person in any one occurrence; $1,000,000.00 because of bodily injury to two or more persons in any one occurrence; $100,000.00 because of injury to or destruction of property of others in any one occurrence; $200,000.00 for loss of ineans of support or pecuniary loss to any one person in any one occurrence; and $500,000.00 for loss of ineans of support or pecuniary loss for two or more persons in any one occurrence. 2. Annual Aggregate Limits: Annual aggregate limits as provided by Minnesota Statutes section 340A.409 shall not be less than $1,000,000.00. In the event such policy provides for ($1,000,000.00 annual aggregate limits, said policy shall further require that in the event that the policy limits are reduced in any given year because of the $1,000,00O.00annual aggregate policy limit, the insurance carrier shall provide the City with written notice of said reduction in policy limits within 30days of said reduction becoming effective. (Ord. 1175, 10-28-1996) 3. Further Requirements: After the reduction becomes effective, the City Council may require the licensee to take further action with regard to liability insurance in