The person or organization sponsoring the parade, motorcade, run or public assembly shall, prior to obtaining authorization from the City, provide a certificate of insurance showing that the person or organization has obtained public liability and property damage insurance in amounts not less than the minimum set by the City Manager. The City of Lakewood shall be named as an additional insured and shall be notified by the insurer at least 10 days prior to the cancellation of this insurance. Any waiver of this requirement cannot be construed as acceptance of liability for the event on the part of the City, nor should the event, via such waiver, be treated as covered by the City’s insurance. [Ord. 501 § 3, 2009.]