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<br />Concurrently with the execution of this Agreement, Contractor shall furnish City with
<br />certificates and copies of information or declaration pages of the insurance required
<br />hereunder and, with respect to evidence of commercial general liability and automobile
<br />liability insurance coverage, original endorsements:
<br />(a) Precluding cancellation or reduction in coverage before the expiration of thirty
<br />(30} days after City shall have received written notification of cancellation or
<br />reduction in coverage by certified mail, return receipt requested;
<br />(b} Providing that Contractor's insurance shaH apply separately to each insured
<br />against whom claim is made or suit is brought, except with respect to the limits of the
<br />insurer's liability (cross liability endorsements);
<br />(c) Naming City, its Council, commissions, boards, committees, officers, employees
<br />and agents as additional insureds; and
<br />(d) Providing that Contractor's insurance shall be primary insurance relating to
<br />Contractor's work hereunder with respect to City, its Council, commissions, boards,
<br />committees, officers, employees and Agents, and further providing that any insurance
<br />or self-insurance maintained by City for itself, its Council, commissions, boards,
<br />committees, officers, employees and agents shall not be excess of Contractor's
<br />insurance and shall not be contributory with it.
<br />9.Contractor shall provide, on the execution of this Agreement, a good and sufficient
<br />corporate surety bond in the penal sum of one hundred percent (100%) of amount bid,
<br />which bond shaH be conditioned upon the faithful performance of all work required to
<br />be performed by Contractor under this Agreement. Said bond shall be liable for any
<br />and all penalties and obligations which may be incurred by Contractor under this
<br />Agreement. Acceptance of the bond by the City is subject to the review and approval of
<br />the bond by the City Attorney's office.
<br />10.In addition to the bond required under Paragraph 9 hereof, Contractor shall furnish
<br />a good and sufficient corporate surety bond in the penal sum of one hundred percent
<br />(100%} of amount of bid, which bond shaH conform strictly with the provisions of
<br />Chapter 7, Title 15, Part 4, Division 3, of the Civil Code of the State of California, and
<br />all amendments thereto. Acceptance of the bond by the City is subject to the review and
<br />approval of the bond by the City Attorney's office.
<br />11. Pursuant to California Public Contract Code Section 7100, the acceptance by
<br />Contractor of an undisputed payment made under the terms of the Contract shall
<br />operate as, and shall be, a release to City, and their duly authorized agents, from all
<br />claim of and/or liability to Contractor arising by virtue of the Contract related to those
<br />amounts. Disputed contract claims in stated amounts may be specifically excluded by
<br />Contractor from the operation of the release.
<br />12. The Contractor may substitute securities for the amounts retained by the City to
<br />ensure performance of the Contract in accordance with the provisions of Section 22300
<br />of the Public Contract Code.
<br />13. The representations made herein, including the bidder's licensing information
<br />hereinafter furnished, are made under penalty of perjury. The undersigned understands
<br />that any bid not containing said licensing information, or containing any information
<br />which is subsequently proven false, shall be considered non-responsive, and shall be
<br />rejected by City.
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