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• (7)The hours between which the applicant proposes to provide taxicab service to the general public, and the days, if any, on which the applicant does not propose to provide taxicab service to the general public, and; (8)The rate schedule which the applicant proposes to use to charge passengers. (9) The annual fee for the franchise and Certificate of Public Convenience and Necessity is $250.00. (C) Findings of the City. (1) If the City finds that further taxicab service in the City is required for public convenience and necessity and that the applicant is fit, willing, and able to perform such public transportation services and to conform to the provisions of this subchapter,then the City shall issue a certificate stating the name of the applicant,the physical and mailing address of the applicant and the number of vehicles authorized under the certificate and the date of issuance; otherwise, the application shall be denied. (2)The City shall deny any application in which the proposed hours of service or the proposed rate schedule are found to be unreasonable to meet the public need. (3) In making the above findings,the City shall take into consideration the • number of taxicabs already in operation, whether existing transportation is adequate to meet the public need,the probable effect of increased service on local traffic conditions, and the character, experience, and responsibility of the applicant. 4.24.05 LIABILITY INSURANCE No Certificate of Public Convenience and Necessity shall be issued or continued in operation unless there is in full force $25,000.00 for personal injury to, or death of, any one person in any one accident, and liability limits of$50,000.00 for personal injury to, or death of,two or more persons in any one accident, and $25,000.00 for injury to or destruction of property or others in any one accident. The insurance shall be maintained with an insurance company authorized to do business in the State of Arkansas. A certificate evidencing such insurance shall be filed with the Code Enforcement Office. 4.24.06 HEARING ON APPLICATION (ACA § 14-57-307) (A) Upon the filing of an application,the City shall cause to be given ten days prior, to each and every taxicab operator in the City a due and reasonable notice, in writing to the mailing address of record.Notice of the hearing shall set forth the time and place of the hearing. The hearing shall be conducted by the City for all persons interested in, or • affected by,the application.