Laserfiche WebLink
�.3•F9 <br /> of the requirements of this paragraph. Such insurance shall name the City of Redwood <br /> City, its Council, boards, commissions, o�cers, agents, and employees as insureds or <br /> additional insureds and shall indemnify City and said persons against liability for loss or <br /> damage for personal injury, including death and property damage occasioned by the <br /> operations of Owner or Owner's contractors or subcontractors under #he terms of this <br /> Agreement, and shall be in the minimum limits of $1,000,000 for personal injuries to, or <br /> death of, any one person, $1,000,000 for personal injury or death arising out of any one <br /> occurrence, and property damage limits of not less than $1,000,000 arising out of any <br /> one occurrence. The policies mentioned herein shall contain a provision that City shall <br /> receive an unconditional notice in writing thirty (30) days in advance of an insurer's <br /> intention to cancel or materialty to change the terms of said policies given to City. If <br /> such insurance covers Owner, other entity, or person(s) in addition to the City of <br /> Redwood City, such policy shall contain the standard form of cross liability or <br /> severability of interest endorsement. Such insurance shall also specifically insure any <br /> contractual liability assumed by Owner under the terms of this Agreement, including, <br /> but not limited to, the provisions of paragraph 1 above. <br /> 5. Ownership of Improvements. It is agreed that title and ownership of all <br /> Improvements constructed for the benefit of City and Owner hereunder by Owner shall <br /> vest absolutely in City and Owner respectively upon completion and acceptance of such <br /> Improvements by City. <br /> Agmt-407 C <br /> F: \s h\sh\Redwood\Cou nci I <br /> FXS:rg <br /> 10/03/00 <br />