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<br /> 17.68.040 Time of Drilling <br /> All drilling operations approved under this Chapter must <br />be completed within six months from the date of the approval of the <br />special review use unless a different period is specified in the <br />special review use agreement between the City and the special reV1ew <br />use applicant. <br /> 11.68.050 Requirements of Insurance and Bond <br /> No permit required by this Ordinance shall be issued until <br />the applicant shall have filed with the City Clerk a good and suffi- <br />cient bond and/or proof of insurance coverage, as may be required by <br />the City at the time of considering such application, said bond to <br />run in the name of the City and conditioned that such applicant will <br />drill, operate and/or abandon said well or wells in conformity with <br />the provisions of this ordinance and the statutes and regulations of <br />the United States and the State of Colorado, and the rules and regu- <br />lations of the Oil and Gas Conservation Commission of the State of <br />Colorado. The amount of said bond shall be a winimum of $10,000.00 <br />per permit. Applicant shall also file with the City Clerk a Certifi- <br />cate of Insurance in the minimum amount of $1,000,000.00 covering <br />liability imposed by this Ordinance for damages on account of injury <br />to the property either private or public, or bodily injury, including <br />death, received or suffered by any person and resulting from the <br />installation, operation or maintenance of any and all structures, <br />machinery, equipment and other facilities owned or utilized by the <br />applicant within the City. Bonds and/or insurance required shall be <br />kept in full force and effect so long as the well operations are <br />pursued and maintained within the City, unless otherwise released by <br />the City. Any permit shall expire when at any time the well or pipe- <br />line is not covered by bond and/or insurance as herein required. The <br />Certificate of Insurance shall verify as to the amount and kind of <br />insurance the applicant has in force and it shall state that if the <br />policy is cancelled or amended, ten days written notice thereof shall <br />be given to the City Clerk. <br /> -2- <br />