Title
ORDINANCE NO. 3315 AMENDING LMC 7.40.080 REGARDING INSURANCE REQUIREMENTS FOR SPECIAL EVENTS TO CORRESPOND WITH ACTIVITY DATES
COUNCIL STRATEGIC INITIATIVE ADDRESSED:
Continue effective financial management
Strengthen economic conditions and create new opportunities
CITY ATTORNEY REVIEW: REQUIRED
SUMMARY STATEMENT:
Currently the City code provides that special event insurance must be written for a period of not less than 24 hours prior to the event and extending for a period of not less than 24 hours following the completion of the event.
Most special events that require a permit also require insurance, including single day events. The cost of event insurance for the duration of the event is significantly more expensive for 3-day coverage than for the duration of a single day event. Event insurance is typically issued as a 24-hour insurance.
Amending LMC 7.40.080 to provide that special event insurance shall be written for the days of the event will provide economic savings to community groups while providing sufficient coverage for the City.
RECOMMENDED ACTION:
Motion to approve Ordinance No. 3315 amending LMC 7.40.080