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public liability and property damage insurance in the amount of $5,000,000, per accident, event or occurrence, naming the City as an additional insured to the extent of its rights against Franchisee arising by virtue of this section. The insurance policy will provide that the City shall be given fifteen (15) days written notice prior to cancellation or modification. A copy of said policy of insurance shall be filed with the City Clerk on or before the effective date of the franchise. 24. Licenses. The Franchisee shall, at its sole expense, procure from all governmental authorities having jurisdiction over the operations of the Franchisee, including the City, all licenses, certificates, permits or other authorization which may be necessary for the conduct of its operations. The Franchisee shall pay all taxes, licenses, certification, permit and examination fees and excises which may be assessed, levied, exacted or imposed on its property, on its operations, on its gross receipts, and upon this franchise and the rights and privileges granted herein, and shall make all applications, reports and returns required in connection therewith. 25. Worker's Compensation. The Franchise shall carry, with an insurance company authorized to transact business in the State of Florida, a policy that fulfills all the requirements of the Worker's Compensation Act of said state, including all legal requirements for occupational diseases. 26. Assignment. No assignment of franchise or any right occurring under this ordinance shall be made in whole or in part by the Franchisee without the express written consent of the City and the customer; in the event of any assignment, the assignee shall assume the liability of the Franchisee. 27. Books, Records and Audit. a. The Franchisee shall keep records of wastes collected and charges therefore, and the City shall have the right to review those records which in any way pertain to the payments due it as well as the billing of all customers by the Franchisee. The Franchisee will be responsible for the monthly billing of the customer. b. Franchisee shall furnish the City with an annual audit, due on November 15 of each calendar year, for the service year or portion thereof ending the previous September 30th. Said audit shall be prepared by an independent certified public accountant complete with creditor's opinion which opinion shall be acceptable to the City. The audit shall reflect the accuracy and completeness of the information provided the City by the Franchisee with special attention to the franchise fee. 8