The property owner shall maintain liability insurance on vacant buildings subject to registration. A certificate of insurance for each vacant property shall be provided to the City with the initial vacant building registration form, with subsequent renewal applications whenever an insurance policy has expired or when there is a change of insurance carrier. All insurance policies for vacant property shall require notice to the City in the event of cancellation of insurance or a reduction in coverage. The minimum coverage amount shall be one million ($1,000,000.00) dollars of general liability coverage. The City Manager may adjust or waive the coverage amount if less insurance coverage in an amount less than the minimum coverage amount is sufficient to protect the public health, safety, and welfare. (Ord. #230-2019, S2)