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Res17 15621
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Res17 15621
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Last modified
10/16/2017 9:54:24 AM
Creation date
10/16/2017 9:51:40 AM
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CC Index
CC Index - Document Type
Resolution
Agency Type
City Council
Date
9/25/2017
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cancellation, termination or non-renewal of the coverage at least thirty (30) days in advance of <br /> the effective date of any such material adverse change, cancellation, termination or non-renewal. <br /> The additional insured endorsements for the general liability coverage shall use Insurance <br /> Services Office (ISO) Form No. CG 20 09 11 85 or CG 20 10 11 85, or equivalent, including (if <br /> used together) CG 2010 10 01 and CG 2037 10 01 ; but shall not use the following forms: CG 20 <br /> 10 10 93 or 03 94. Upon request by City's Risk Manager, Owner shall provide or arrange for the <br /> insurer to provide within thirty (30) days of the request, certified copies of the actual insurance <br /> policies or relevant portions thereof. <br /> (h) If any insurance policy or coverage required hereunder is canceled or reduced, <br /> Owner shall, within fifteen (15) days after receipt of notice of such cancellation or reduction in <br /> coverage, but in no event later than the effective date of cancellation or reduction, file with City <br /> a certificate showing that the required insurance has been reinstated or provided through another <br /> insurance company or companies. Upon * failure to so file such certificate, City may, without <br /> further notice and at its option, procure such insurance coverage at Owner's expense, and Owner <br /> shall promptly reimburse City for such expense upon receipt of billing from City. <br /> (i) Coverage provided by Owner shall be primary insurance and shall not be <br /> contributing with any insurance, or self-insurance maintained by City, and the policies shall so <br /> provide. The insurance policies shall contain a waiver of subrogation for the benefit of the City. <br /> Owner shall furnish the required certificates and endorsements to City prior to the <br /> commencement of construction of the Project, and shall provide City with certified copies of the <br /> required insurance policies upon request of City. <br /> C) Deductibles/Retentions. Any deductibles or self-insured retentions shall be <br /> declared to, and be subject to approval by, City's Risk Manager. At the option of and upon <br /> request by City's Risk Manager if the Risk Manager determines that such deductibles or <br /> retentions are unreasonably high, either the insurer shall reduce or eliminate such deductibles or <br /> self-insurance retentions as respects the Indemnitees or Owner shall procure a bond guaranteeing <br /> payment of losses and related investigations, claims administration and defense expenses. <br /> (k) Adjustments. The limits of the liability coverage and, if necessary, the terms and <br /> conditions of insurance, shall be reasonably adjusted from time to time (not less than every five <br /> (5) years after the Effective Date nor more than once in every three (3) year period) to address <br /> changes in circumstances, including, but not limited to, changes in the purchasing power of the <br /> dollar and the litigation climate in California. Within thirty (30) days following City's delivery <br /> of written notice of any such adjustments, Owner shall provide City with amended or new <br /> insurance certificates and endorsements evidencing compliance with such adjustments. <br /> ATY/AGR/2017.218/RWC — BRADFORD — DDA <br /> REV: 09-18-17 VR <br /> Page 88 of 94 <br />
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