RecDoc 2020-036923 STMMA 1180 Main Street

Browse Search

owns any motor vehicles, Property Owner shall provide auto liability coverage for owned, non -owned, and hired autos using ISO Business Auto Coverage form CA 00 01, or the exact equivalent, with a limit of no less than One Million Dollars ($1,000,000) per accident. 11.4 Any deductibles or self-insured retentions must be declared to, and approved by City. 11.5 Concurrently with the execution of this Agreement, Property Owner will furnish City with certificates and copies of information or declaration pages of the insurance required hereunder and, with respect to evidence of commercial general liability and automobile liability insurance coverage, original endorsements: (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, postage prepaid; (b) Naming City, its Council, commissions, boards, committees, officers, employees and agents as additional insureds; and (c) Providing that Contractor's insurance will be primary insurance relating to Contractor's work hereunder with respect to City, its Council, commissions, boards, committees, officers, employees and Agents, and further providing that any insurance or self-insurance maintained by City for itself, its Council, commissions, boards, committees, officers, employees and agents will not be excess of Contractor's insurance and will not be contributory with it. Such insurance will also specifically insure any contractual liability assumed by Property Owner under the terms of this Agreement, including, but not limited to, the provisions of subsection (a) above. 11.6 In the event that Property Owner's insurance is cancelled, Property Owner will provide replacement coverage or all work must cease as of the cancellation date until replacement insurance coverage is provided. 12. No Additional Liabilit . It is the intent of this Agreement to insure the proper maintenance of the stormwater treatment measure(s) by Property Owner; provided, however, that this Agreement will not be deemed to create or effect any additional liability not otherwise provided by law of any party for damage alleged to result from or caused by stormwater runoff. 13. Performance Financial Assurance. City may request Property Owner to provide a performance bond, security, or other appropriate financial assurance providing for the maintenance of the stormwater treatment measure(s) pursuant to City Stormwater Regulations. 14. Notices. The name of the persons who are authorized to give written notices or to receive written notice on behalf of City and on behalf of Property Owner under this Agreement. REV: 02-20-2020 PR ATTY/AGR.2020.035/Premia 1180 Main Owner, LLC (Page 5 of 18)