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one-time inventorying fee of $.75 per file and monthly storage at the greater of $.75 or <br />our current cost per box of files per month. <br /> <br /> B. Closed files transferred to CMl for storage at the commencement of this <br />Agreement will be stored at the City's expense. The charge for file box storage will be <br />the greater of $.75 or our current cost per box of files per month. The first year of <br /> <br />storage will be paid in advance within thirty (30) days of the signing of this Agreement. <br /> X. TRUST AGREEMENT <br /> <br /> City will establish an account for the payment of all liability incurred under the <br />terms of this Agreement. The account shall be funded adequately to pay all <br />expenditures. Funding of account and reconciliation will be as agreed upon between <br />City and CMl. <br /> <br /> Xl. INSURANCE AND INDEMNIFICATION <br /> <br /> CMl shall indemnify and save harmless City from and against all losses and all <br />claims, demands, payments, suits, actions, recoveries, and judgments of every nature <br />and description brought or recovered against it, by reason of any act or omission of <br />CMl, its agents or employees, in the execution of the service or in consequences of any <br />negligence or carelessness of the same and shall provide an Errors and Omissions <br />policy in the amount of $1,000,000 to assure that City will be protected from any errors <br />and omissions resulting from the work of CMl. <br /> <br /> Before performing services CMl will provide evidence of the following insurance <br />coverages: <br /> <br /> 1. Worker's compensation insurance as required by Labor Code Section <br /> 3700 for all employees of CMl. <br /> <br />F:ATTY/AGR/AGR.048 8 <br />061902 <br /> <br /> <br />