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RecDoc 96-078463
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RecDoc 96-078463
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Last modified
8/16/2016 12:53:42 PM
Creation date
8/16/2016 12:48:05 PM
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Template:
Recorded Docs
Recorded Docs - Type
Agreement
Subject
Improvement Agreement Lido Neighborhood No.1
Doc Num
96-078463
Rec Date
6/27/1996
Parties
Redwood Shores Properties, KG Shores Corp., KG Pen
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DES : dj ' ") 6 / 05 / 96 ( 014 / 70 ) <br /> FXS : djk 06 / 12 / 96R <br /> FXS : djk 06 / 14 / 96R <br /> force and effect during the term of this agreement , at Owner ' s <br /> own expense and risk , a general comprehensive liability insurance <br /> policy , and further , shall furnish evidence of such insurance by <br /> filing copies of the declaration page or information page and a <br /> certificate of insurance with the City Clerk , which copies shall <br /> be accompanied by such endorsements as may be necessary to show <br /> compliance with all of the requirements of this paragraph . Such <br /> insurance shall name the City of Redwood City , its Council , <br /> boards , commissions , officers , agents and employees as insureds <br /> CD <br /> or additional insureds and shall indemnify City and said persons -•� <br /> Co <br /> ors <br /> against liability for loss or damage for personal injury <br /> CD <br /> including death , and property damage occasioned by the operations CO <br /> of Owner or Owner ' s contractors or subcontractors under the terms <br /> of this agreement , and shall be in the minimum limits of <br /> $ 1 , 000 , 000 for personal injuries to , or death of , any one person , <br /> $ 1 , 000 , 000 for personal injury or death arising out of any one <br /> occurrence , and property damage limits of not less than <br /> $ 1 , 000 , 000 arising out of any one occurrence . The policies <br /> mentioned herein shall contain a provision that City shall <br /> receive an unconditional notice in writing thirty ( 30 ) days in <br /> advance of an insurer ' s intention to cancel or materially to <br /> change the terms of said policies given to City . If such <br /> insurance covers Owner , other entity , or person ( s ) in addition to <br /> the City of Redwood City , such policy shall contain the standard <br /> form of cross liability or severability of interest endorsement . <br /> Such insurance shall also specifically insure any contractual <br /> liability assumed by Owner under the terms of this agreement , <br /> 7 <br />
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