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paragraph. Such insurance shall name the City of Redwood City, its Council, <br />boards, commissions, officers, agents, and employees as insureds or additional <br />insureds and shall indemnify City and said persons against liability for loss or <br />damage for personal injury, including death and property damage occasioned by <br />the operations of Owner or Owner's contractors or subcontractors under the <br />terms of this agreement, and shall be in the minimum limits of $1,000,000 for <br />personal injuries to, or death of, any one person, $1,000,000 for personal injury <br />or death arising out of any one occurrence, and property damage limits of not <br />less than $1,000,000 arising out of any one occurrence. The policies mentioned <br />herein shall contain a provision that City shall receive an unconditional notice in <br />writing thirty (30) days in advance of an insurer's intention to cancel or materially <br />to change the terms of said policies given to City. If such insurance covers <br />Owner, other entity, or person(s) in addition to the City of Redwood City, such <br />policy shall contain the standard form of cross liability or severability of interest <br />endorsement. Such insurance shall also specifically insure any contractual <br />liability assumed by Owner under the terms of this agreement, including, but not <br />limited to, the provisions of paragraph 1 above. <br /> <br /> 5. Ownership of Improvements. It is agreed that title and ownership of <br />all Improvements constructed for the benefit of City hereunder by Owner shall <br />vest absolutely in City upon completion and acceptance of such Improvements <br />by City. <br /> <br /> 6. Work Subject to Approval. All work provided for in this agreement <br />and more specificelly described in the plans and specifications herein <br /> <br />F :',shared\Redwood\C ou ncil 5 <br />Agmt-122 <br />FX$:djk <br />09~)9/97 <br /> <br /> <br />