Affordable Housing Agreement 1409 ECR to be recorded

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coverage corresponding to the aforesaid categories of insurance per insurable event shall be as follows: Insurance Cateoory Minimum Limits Workers Compensation statutory minimum Employer's Liability $1,000,000 per accident for bodily injury, personal injury and property damage Comprehensive General $1,000,000 per occurrence for bodily injury, personal injury, and property damage Automobile Liability $1,000,000 per accident for bodily injury and property damage (coverage required to the extent applicable to Contractors vehicle usage in performing services hereunder) All -Risk Property Insurance In an amount equal to the full replacement value of all the rental Affordable units. OWNER must transmit a copy of the certificate or insurance to City within 30 days of the final certificate of occupancy obtained for the first Affordable Unit. Thereafter, OWNER must annually transmit to City with the Annual Report a copy of the certificate of insurance signed by an authorized agent of the insurance carrier setting forth the general provisions of coverage. OWNER will furnish City with certificates and copies of information or declaration pages of the insurance required hereunder and, with respect to evidence of comprehensive general liability and automobile liability insurance coverage, original endorsement: (a) Precluding cancellation or reduction in coverage before the expiration of thirty (30) days after City will have received written notification of cancellation or reduction in coverage by first class mail; (b) Providing that Owner's insurance will apply separately to each insured against whom claim is made or suit is brought, except with respect to the limits of the insurer's liability (cross liability endorsement); (c) Naming the City of Redwood City, its Council, officers, boards, commissions, employees, and agents, as additional insureds; and (d) Providing that OWNER's insurance coverage will be primary insurance with respect to City, its Council, officers, boards, commissions, employees, and agents, and any insurance or self-insurance maintained by City for itself, its REV: 04-13-18 PR star Affordable Housings e r of is ATTY/AGR.2018.081/Gre y g Page - 1409 EI Camino