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RecD00 2000-116763
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RecD00 2000-116763
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Last modified
7/18/2006 3:31:20 PM
Creation date
7/18/2006 3:24:38 PM
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Recorded Docs
Recorded Docs - Type
Agreement
Subject
Construction of Improvements - Towers @ Shores Ctr
Doc Num
2000-116763
Rec Date
9/20/2000
Parties
M.V. Golden State Towers, LLC and Spieker Properti
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<br />this Agreement, at Ground Lessee's own expense and risk, a general <br /> <br />comprehensive liability insurance policy, and further, shall furnish evidence of <br /> <br />such insurance by filing copies of the declaration page or information page and a <br /> <br />certificate of insurance with the City Clerk, which copies shall be accompanied <br /> <br />by such endorsements as may be necessary to show compliance with all of the <br /> <br />requirements of this paragraph. Such insurance shall name the City of Redwood <br /> <br />City, its Council, boards, commissions, officers, agents, and employees as <br /> <br />insureds or additional insureds and shall indemnify City and said persons against <br /> <br />liability for loss or damage for personal injury, including death and property <br /> <br />damage occasioned by the operations of Ground Lessee or Ground Lessee's <br /> <br />contractors or subcontractors under the terms of this Agreement, and shall be in <br /> <br />the minimum limits of $1,000,000 for personal injuries to, or death of, anyone <br /> <br />person, $1,000,000 for personal injury or death arising out of anyone <br /> <br />occurrence, and property damage limits of not less than $1,000,000 arising out <br /> <br />of anyone occurrence. The policies mentioned herein shall contain a provision <br /> <br />that City shall receive an unconditional notice in writing thirty (30) days in <br /> <br />advance of an insurer's intention to cancel or materially to change the terms of <br /> <br />said policies given to City. If such insurance covers Ground Lessee, other entity, <br /> <br />or person(s) in addition to the City of Redwood City, such policy shall contain the <br /> <br />standard form of cross liability or severability of interest endorsement. <br /> <br />Such <br /> <br />insurance shall also specifically insure any contractual liability assumed by <br /> <br />1111111111111111111111111111111111111111111111111111111 <br /> <br />2000-116763 <br />0912012000 11 :24A <br />AG Page: 6 of 14 <br /> <br />F :\shared\Redwood\Counci I <br />Agmt-375 <br />FXS:ep <br />07/27/00, 08/02/00R, 08/14/00RR <br /> <br />5 <br />
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