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6.C. - Page 13 of 57
<br />Automobile Liability $2,000,000.00 per occurrence for bodily injury and property
<br />damage (coverage required to the extent applicable to
<br />Contractor's vehicle usage in performing work hereunder).
<br />19.2 Any deductibles or self-insured retentions must be declared to, and approved by
<br />City. At the option of City either Developer's insurer shall reduce or eliminate the deductibles or
<br />self-insured retentions with respect to City, it's Council, commissions, boards, committees,
<br />officers, employees and agents or Developer shall procure a bond guaranteeing payment of losses
<br />and related investigations, claim administration and defense expenses.
<br />19.3 Concurrently with the execution of this Agreement, Developer shall furnish City
<br />with certificates and copies of information or declaration pages of the insurance required
<br />hereunder and, with respect to evidence of commercial general liability and automobile liability
<br />insurance coverage, original endorsements:
<br />(a) Precluding cancellation or reduction in coverage before the expiration of thirty
<br />(30) days after City shall have received written notification of cancellation or
<br />reduction in coverage by first class mail, postage prepaid; Providing that
<br />Developer's insurance shall apply separately to each insured against whom claim
<br />is made or suit is brought, except with respect to the limits of the insurer's
<br />liability (cross liability endorsements);
<br />(b) Naming City, its Council, commissions, boards, committees, officers, employees
<br />and agents as additional insureds; and
<br />(c) Providing that Developer's insurance shall be primary insurance relating to
<br />Contractor's work hereunder with respect to City, its Council, commissions,
<br />boards, connnittees, officers, employees and Agents, and further providing that
<br />any insurance, self-insurance orjoint self-insurance maintained by City for itself,
<br />its Council, commissions, boards, committees, officers, employees and agents
<br />shall not be excess of Contractor's insurance and shall not be contributory with it.
<br />Such insurance shall also specifically insure any contractual liability assumed by
<br />Developer under the terms of this Agreement, including, but not limited to, the
<br />provisions of subsection (a) above.
<br />19.1 In the event that Developer's insurance is cancelled, Developer shall provide
<br />replacement coverage or all work must cease as of the cancellation date until replacement
<br />insurance coverage is provided.
<br />20. Workers' Compensation Insurance. Developer shall provide, or cause to be provided,
<br />Workers' Compensation insurance as required by law, and shall cause its contractors and their
<br />subcontractors, agents and representatives to also maintain Workers' Compensation insurance as required
<br />by law. No Work shall commence until such Workers' Compensation insurance is obtained and in full
<br />force and effect.
<br />21. Compliance with Laws. Developer shall comply with all federal, state and local laws,
<br />ordinances and regulations in the performance of this Agreement. Developer sball, at its own cost and
<br />expense, obtain all necessary permits and licenses for the Work, give all necessary notices, pay all fees
<br />and taxes required by law and make any and all deposits legally required by those public utilities that will
<br />serve the residential development on the Property. Copies and/or proof of payment of said permits,
<br />licenses, notices, fee and tax payments and deposits shall be furnished to the City Engineer upon request.
<br />ATTYIAGRI2015.1071GREYSTAR -103 WILSON - IA WITH TIF CREDIT Page 10 of 27
<br />REV: 05-28-15 VR
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