1976-01 CRA - Laserfiche WebLink

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. . . (k) State and Local Labor Standards Provisions. Redeveloper shall comply, and require all contractors and subcontractors em- ployed pursuant to this Agreement to comply, with all applicable labor standards provisions of the California Labor Code. If Redeveloper now or at any time during the course of this Agreement qualifies as an employer under Labor Code Section 3300, unless the emp10yee(s) he hires come(s) within those persons ex- cluded under the Labor Code, Redeveloper shall furnish Agency with an insurance certificate from his workmen's compensation in- surance carrier certifying that he carried such insurance, and that the policy shall not be cancelled nor the coverage reduced except upon ten (10) days prior written notice to Agency. It is hereby agreed that the Agency, the Authority and the City, their officers, agents and employees, shall not be respon- sible for any damage or liability occurring by reason of failure of the Redeveloper, its contractors or subcontractors, to obtain workmen's compensation insurance in compliance with the provi- sions of Division 4 of the Labor Code. Redeveloper agrees that Redeveloper, its contractors and subcontractors, shall fully indemnify and hold harmless the Agency, Authority, and the City and their officers, agents and employees from any such liability. (1) Federal Labor Standards Provisions. Redeveloper shall comply, and require all contractors and subcontractors employed pursuant to this Agreement to comply, with all applicable Fed- eral labor standards and regulations issued pursuant to the Copeland Act, the Davis-Bacon Act and the Contract Work Hours and Safety Standards Act. (m) Faithful Performance and Labor and Material Payment Bonds. The Redeveloper agrees to procure, or cause the procure- ment, of contractor's bonds covering labor, materials and perfor- mance for construction on the Property. Each such bond shall be in an amount equal to one hundred percent (100%) of the eon~ struction price in the contract entered into by Redeveloper and its general contractor. Said bonds and the construction contract must first be approved as to content and form by the Executive Director and legal counsel for the Agency prior to commencement of construction. The Agency shall not unreasonably withhold such approval. Redeveloper, shall, prior to commencement of construc- tion, deliver to the Agency a certificate fro~ the ~onding company insuring aforesaid bonds, naming the Agency as an additional in- sured under said bonds. (n) Covenant to Hold Property as One Parcel. Redeveloper covenants and agrees that the property shall be held as one par- cel and that no portion shall be sold separately. This covenant and agreement shall run with the land and shall be binding upon Redeveloper, and future owners, encumbrancers, their successors, heirs, assignees and shall continue in effect unless otherwise released by ?uthority of the Agency and the Authority. - 15 -