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committees, officers, employees and agents will not be excess of Contractor's insurance <br />and will not be contributory with it. Such insurance will also specifically insure any <br />contractual liability assumed by Property Owner under the terms of this Agreement, <br />including, but not limited to, the provisions of subsection (a) above. <br />11.6 In the event that Property Owner's insurance is cancelled, Property Owner <br />will provide replacement coverage or all work must cease as of the cancellation date until <br />replacement insurance coverage is provided. City, by written notice to Property Owner, <br />may increase the above required insurance limits from time to time but not more than once <br />every 5 years and the new limits shall not be increased beyond the amounts which are <br />generally maintained by prudent owners of similar properties. <br />12. No Additional Liability. It is the intent of this Agreement to insure the proper <br />maintenance of the stormwater treatment measure(s) by Property Owner; provided, <br />however, that this Agreement will not be deemed to create or effect any additional liability <br />not otherwise provided by law of any party for damage alleged to result from or caused by <br />stormwater runoff. <br />13. Performance Financial Assurance. City may, at its option, require Property <br />Owner to provide a performance bond, security, or other appropriate financial assurance <br />providing for the maintenance of the stormwater treatment measure(s) pursuant to City <br />Stormwater Regulations. <br />14. Notices. The name of the persons who are authorized to give written notices or <br />to receive written notice on behalf of City and on behalf of Property Owner under this <br />Agreement. <br />For City: <br />City of Redwood City <br />1017 Middlefield Road <br />Redwood City, CA 94063 <br />(650) 780 - 7000 <br />Attn: City Manager <br />REV: 01-20-21 PR <br />For Property Owner: <br />1548 Maple, LLC <br />c/o The Carlyle Group <br />Attn: Michael Osborne <br />555 Mission Street, Suite 3300 <br />San Francisco, CA 94105 <br />With Copy to: <br />Cox, Castle & Nicholson <br />Attn: Christian Cebrian <br />50 California Street, Suite 3200 <br />San Francisco, CA 94111 <br />ATTY/AGR.2021.009/1548 Maple LLC (1548 Maple - STMMA) (Page 6 of 34) <br />