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(o-2D-lo <br />Project Site, to furnish and file with the City Clerk and Agency Secretary a bond, <br />deposit, or instrument of credit of the kind described in Sections 66499 at seq. of <br />the California Government Code securing the payment by Developer of all bills <br />for labor and materials incurred in the Work and the doing of all other work herein <br />agreed to be done by Developer. The amount of said security shall be Three <br />Million Four Hundred Thirty-three Thousand Five Hundred Fifty Dollars <br />($3,433,550.00)." <br />2. The minimum limits provided in Section 5 for the categories of insurance <br />listed below, are hereby revised to be as follows: <br />Insurance Category <br />Minimum Limits <br />Commercial General Liability <br />Automobile Liability <br />Professional Liability <br />$1 million per occurrence <br />and $2 million aggregate <br />for bodily injury, personal <br />injury and property <br />damage <br />$2 million per accident for <br />bodily injury and property <br />damage <br />$1 million per claim and <br />aggregate <br />In addition, subsection d. of Section 5 is hereby revised in its entirety to read as <br />follows: <br />"d. With respect to professional liability insurance, Developer <br />shall require the engineer and its subconsultants who are performing design or <br />engineering services in connection with the Work to maintain Professional <br />Liability Insurance for a period of two (2) years from the date the City accepts the <br />Work, which insurance shall provide coverage for claims arising out of <br />professional services caused by errors, omissions, or negligent acts of any of the <br />foregoing in connection with the carrying out of their responsibilities for the Work. <br />The Professional Liability Insurance shall have limits of not less than $1 million to <br />cover each insured, with such limits applying separately to each insured. <br />Developer shall require the engineer and its subconsultants to furnish an <br />endorsement or endorsements extending the reporting period for claims arising <br />from the Work one (1) year from the date the City accepts the Work." <br />3. Section 10 of the Agreement is hereby revised in its entirety to read as <br />follows: <br />F:Atty /Ag r /Amendculverl <br />031903 <br />