Agmt01 Pacific Shores De... (4) - Laserfiche WebLink

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additional insureds and shall indemnify City and said persons against liability for loss or damage for personal injury, including death and property damage occasioned by the operations of Owner or Owner's contractors or subcontractors under the terms of this Agreement, and shall be in the minimum limits of $1,000,000 for personal injuries to, or death of, any one person, $1,000,000 for personal injury or death arising out of any one occurrence, and property damage limits of not less than $1,000,000 arising out of any one occurrence. The policies mentioned herein shall contain a provision that City shall receive an unconditional notice in writing thirty (30) days in advance of an insurer's intention to cancel or materially to change the terms of said policies given to City. If such insurance covers Owner, other entity, or person(s) in addition to the City of Redwood City, such policy shall contain the standard form of cross liability or severability of interest endorsement. Such insurance shall also specifically insure any contractual liability assumed by Owner under the terms of this Agreement, including, but not limited to, the provisions of paragraph 1 above. 5. Ownership of Improvements. It is agreed that title and ownership of all Improvements constructed for the benefit of City and Owner hereunder by Owner shall vest absolutely in City and Owner respectively upon completion and acceptance of such Improvements by City. 6. Work Subject to Approval. All work provided for in this Agreement and more specifically described in the plans and specifications herein referenced shall be subject to the approval of, and acceptance by, the City Engineer, Engineering and Construction before the release of any security required herein. Reference is hereby Agrnt-471 5 F:~sh'tsh\Redwood\Council FXS:djk 04/06/01