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Prior to the expiration of this Agreement <br />2. Automobile Liability Coverage, SUBRECIPIENT shall also obtain and maintain, during <br />the effective period of this Agreement, broad form automobile liability coverage with a $1,000,00o limit <br />unless reduced by CITY, which applies to both owned/leased and non -owned automobiles used by <br />SUBRECIPIENT employees or participants in performance of this Agreement, or, in the event that <br />SUBRECIPIENT will not utilize such owned/leased automobiles but intends to require employees, <br />participants or other agents to utilize their own automobiles in the performance of this Agreement, <br />SUBRECIPIENT shall secure and maintain on file from all such employees, partici, pantsor agents as <br />self certification of automobile insurance coverage. Governmental entities may provide proof of self. <br />insurance. <br />3. Workers' Comoensaii n If SUBRECIPIENT is an "employer", as set forth in California <br />Labor Code Section 3300 et seq., or utilizes participants as "employees," as set forth in California Labor <br />Code Section 3350 et seq., SUBRECIPIENT shall obtain and keep in force during the term of this <br />Agreement full Worker;' Compensation insurance coverage for injuries suffered by participants. Said <br />insurance policy shall guarantee CITY at least thirty (30) days written notice of cancellation or <br />modification. <br />4. Equipment Cove . SUBRECIPIENT shall purchase a policy or policies of insurance <br />covering loss or damage to any and all Equipment provided to or purchased by SU13RECIPIENT in <br />accordance with this Agreement. Said insurance shall be in the amount of the full replacement value <br />thereof, providing protection against the classification of fire, extended coverage, vandalism, malicious <br />mischief, theft, and special extended perils. Governmental entities may substitute a certificate of self- <br />insurance. <br />5. Proof of Insurance. Certificates and endorsements must be submitted and approved by <br />CITY prior to any work under this Agreement. SUBRECIPWM understands that CTfY will make no <br />payments under this Agreement until the required certificates and endorsements have been approved by <br />CITY. <br />XI REUH9MN OF ASSET <br />A. Upon the expiration of this Agreement, SUBRECIPIENT shall transfer to Cfl'Y any CDBG <br />funds on hand at the time of the expiration of this Agreement as well as any accounts receivable attributable <br />to the use of CDBG funds. [24 CFR 570.503(b)(7)] <br />B• Any real property under SUBRECIPH NT5 control that was acquired or improved in whole or in <br />Part with CDBG funds in excess of $25,000.00 must either be: <br />1. Used, where CITY has given written approval, to meet one of the national <br />objectives stated in 24 CFR 570.208 until five (5) years after expiration of this Agreement or for such longer <br />period of time as determined to be appropriate by CrrY; or <br />2• If not used in accordance with subparagraph 1 above, SUBRECIPMW shall pay to <br />CIattTYribanutable atomountthe equal to the current fair market value of the property less any portion of the value <br />expenditure of non-CDBG funds for acquisition of, or improvement to, the property, Such <br />payment is program income to CITY, <br />C. Subject to the obligations set forth herein, title to equipment acquired under the terms of this <br />Agreement will vest upon acquisition in SUBRECIPIENT. When said equipment which has been acquired <br />12 <br />