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Item 49 - Santa Ana Regional Transportation Center — Lease Agreement (PGH Wong Engineering, Inc)
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06/21/2022 Regular & Special HA
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Item 49 - Santa Ana Regional Transportation Center — Lease Agreement (PGH Wong Engineering, Inc)
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Agenda Packet
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Clerk of the Council
Item #
49
Date
6/21/2022
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Tenant's insurance (at least as broad as ISO Form CG 20 10 11 85 or if notavailable, <br />through the addition of both CG 20 10, CG 20 26, CG 20 33, or CG 20 38; and CG 20 <br />37 if a later edition is used). <br />2. Primary Coverage: For any claims related to this contract, the Tenant's insurance <br />coverage shall be primary coverage at least as broad as ISO CG 20 0104 13 as respects <br />the City, its officers, officials, employees, and volunteers. Any insurance or self- <br />insurance maintained by the City, its officers,officials, employees, or volunteers shall <br />be excess of the Tenant's insurance and shall not contribute with it. <br />3. Notice of Cancellation: Each insurance policy required above shall provide that <br />coverage shall not be canceled, except with notice to the City. <br />4. Waiver of Subrogation: Tenant hereby grants to City a waiver of any right to <br />subrogation which any insurer of said Tenant may acquire against the City by virtue of <br />the payment of any loss under such insurance. Tenant agrees to obtain any endorsement <br />that may be necessary to affect this waiverof subrogation, but this provision applies <br />regardless of whether or not the City has received a waiver of subrogation endorsement <br />from the insurer. <br />5. Self -Insured Retentions: Self -insured retentions must be declared to and approved by <br />the City. The City may require theTenant to purchase coverage with a Iower retention <br />or provide proof of ability to pay losses and related investigations, claim <br />administration, and defense expenses within the retention. The policy language shall <br />provide, or be endorsed to provide, that the self -insured retention may be satisfied by <br />either the named insured or City. <br />6. Acceptability of Insurers: Insurance is to be placed with insurers authorized to <br />conduct business in the state with a current A.M. Best's rating of no less than A:VII, <br />unless otherwise acceptable to the City. <br />7, Claims Made Policies (note — should be applicable only to professional liability, <br />see below) If any of the required policies provide claims -made coverage: <br />a. The Retroactive Date must be shown, and must be before the date of the contract <br />or thebeginning of contract work. <br />b. Insurance must be maintained and evidence of insurance must be provided for <br />at least five (5) years after completion of the contract of work. <br />c. If coverage is canceled or non -renewed, and not replaced with another claims - <br />made policy form with a Retroactive Date prior to the contract effective date, <br />the Tenantmust purchase "extended reporting" coverage for a minimum of five <br />(5) years after completion of work. <br />5 <br />
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