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<br />of the requirements of this paragraph. Such insurance shall name the City of Redwood <br /> <br />City, its Council, boards, commissions, officers, agents, and employees as insureds or <br /> <br />additional insureds and shall indemnify City and said persons against liability for loss or <br /> <br />damage for personal injury, including death and property damage occasioned by the <br /> <br />operations of Owner or Owner's contractors or subcontractors under the terms of this <br /> <br />Agreement, and shall be in the minimum limits of $1,000,000 for personal injuries to, or <br /> <br />death of, anyone 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 of any <br /> <br />one occurrence. The policies mentioned herein shall contain a provision that City shall <br /> <br />receive an unconditional notice in writing thirty (30) days in advance of an insurer's <br /> <br />intention to cancel or materially to change the terms of said policies given to City. If <br /> <br />such insurance covers Owner, other entity, or person(s) in addition to the City of <br /> <br />Redwood City, such policy shall contain the standard form of cross liability or <br /> <br />severability of interest endorsement. Such insurance shall also specifically insure any <br /> <br />contractual liability assumed by Owner under the terms of this Agreement, including, <br /> <br />but not limited to, the provisions of paragraph 1 above. <br /> <br />5. Ownership of Improvements. It is agreed that title and ownership of all <br /> <br />Improvements constructed for the benefit of City and Owner hereunder by Owner shall <br /> <br />vest absolutely in City and Owner respectively upon completion and acceptance of such <br /> <br />Improvements by City. <br /> <br />Agmt-406 <br />F:\sh\sh\Redwood\Council <br />FXS:rg <br />10/03/00 <br /> <br />5 <br />