Agmt12 Lathrop PARC Redwood City, LLC

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4.2.3 This insurance will be in force during the life of the Agreement and any extensions of it and will not be canceled without thirty (30) days prior written notice to City sent pursuant to the Noti ce provisions of this Agreement. 4.3 Providina Certificates of Insurance and Endorsements. Prior to City's execution of this Agreement, Owner will furnish certificates of insurance and endorsem ents to City in the form acceptable to City. 4.4 Failure to Maintain Coveraqe. If Owner fails to maintain any of these insurance coverages, then City will have the option to declare Owner in breach, or may purchase replacement insurance or pay the premiums that are due on existing policies in order to maintain the required coverages. Owner is responsible for any payments made by City to obtain or maintain insurance and City may collect these payments from Owner or deduct the amount paid from any sums due Owner under this Agreem ent. 4.5 Submission of Insurance Policies. City reserves the right to require, at anytime, complete and certified copies of any or all required insurance policies and endorsements. 4.6 Primarv Coveraqe. For any claims related to this Agreement, the Owner's insurance coverage will be primary insurance with respect to City, its officers, agents, volunteers and employees. Any insurance or self-insurance maintained by City for itself, its officers, agents, volunteers and employees, will be in excess of Owner's insurance and not contributory with it. 4.7 Reduction in Coveraqe/Material Changes. Owner will notify City thirty (30) days prior to any reduction in any of the insurance coverage required pursuant to this Agreement or any material changes to the respectiv e insurance polici es. 5. Ownership of Improvements. It is agreed that title and ownership of all Improvements constructed for the benefit of City by Owner shall vest absolutely in City upon completion and acceptance of such Improvements by City. 6. Work Subiect to Approval. All work provided for in this Agreement and more specifically described in the plans and specifications herein referenced shall be subject to the approval of, and acceptance by, the City Engineer, Engineering and Construction before the release of any security required herein. Such approval and acceptance shall not be unreasonably withheld. Reference is hereby made to (a) those certain revised specifications entitled, "Engineering Standards of the City of Redwood City", adopted December 4, 2006, and (b) those certain plans on file in the office of the City Engineer, Engineering and Construction entitled, "Lathrop PARC, Lathrop Post-Acute Recovery Center 134 Maple Street, Redwood City, ATTY/AGR/2012.070/134 MAPLE IMPROVEMENTAGREEMENT REV:06-04-12 VR Page 5 of 9