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or performing any obligation pursuant to this agreement, and <br />maintain for the period covered by this agreement, a policy <br />or policies of liability insurance, or certificate thereof, <br />satisfactory to the City Attorney of CITY, naming CITY, the <br />Community Redevelopment Agency of the City of Santa Ana, <br />their officers, agents and employees, as insureds or <br />additional insureds, which provides coverage not ltss than <br />that provided in the form of a comprehensive general liabil- <br />ity insurance policy against liability for any and all <br />claims and suits for damages or injuries to persons or <br />property resulting from or arising out of the operations of <br />MEAD, its officers, agents, or employees. Said policy or <br />policies of insurance shall provide coverage for both bodily <br />injury and property damage in not less than the following <br />minimum amounts: Five Million Dollars ($5,000,000.00) <br />combined single limit, or bodily injury of Five Hundred <br />Thousand Dollars ($500,000.00) per person and One Million <br />Dollars ($1,000,000.00) each occurrence; property damage Two <br />Hundred Thousand Dollars ($200,000.00) each occurrence. <br />Said policy shall also contain a provision that no termin- <br />ation, cancellation or change of coverage of insured or <br />additional insured shall be effective until after thirty <br />(30) days notice thereof has been given in writing to CITY. <br />MEAD shall give CITY prompt and timely notice of any claim <br />made or suit instituted. Insurance coverage specified <br />constitutes the minimum requirements and said requirements <br />shall in no way lessen or limit the liability of MEAD under <br />•the terms of this agreement. MEAD shall procure and <br />maintain., at its own cost and expense, any additional kinds <br />and amounts of insurance which, in its own judgment, may be <br />necessary for its proper protection in the prosecution of <br />the work. <br />-7- <br />EXHIBIT B <br />