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<br />claims. As such, Developer shall pay all real property taxes and general assessments <br />levied and assessed against the Premises during the term of this License. If it shall be <br />Developer's obligation to pay such real property taxes and assessments hereunder, City <br />shall use its best efforts to cause the Premises to be separately assessed from other real <br />property owned by the City. If City is unable to obtain such a separate assessment, the <br />assessor's evaluation based on the building and other improvements that are a part of the <br />Premises shall be used to determine the real property taxes. If this evaluation is not <br />available the parties shall equitably allocate the property taxes between the building and <br />other improvements that are a part of the Premises and all buildings and other <br />improvements included in the tax bill. In making the allocation the parties shall reasonably <br />evaluate the factors to determine the amount of the real property taxes so that the allocation <br />ofthe building and other improvements that are a part of the Premises will not be less than <br />the ratio of the total number of square feet of the building and other improvements that are <br />a part of the Premises bear to the total number of square feet in all buildings and other <br />improvements included in the tax bill. Real property taxes attributable to land in the <br />Premises shall be determined by the ratio that the total number of square feet in the <br />Premises bears to the total number of square feet of land included in the tax bill. <br /> <br />10. Eminent Domain: Ifmore than twenty-five (25%) percent of the Parking Garage <br />or the premises shall be taken or appropriated by any public or quasi-public authority <br />under the power of eminent domain, either party hereto shall have the right to terminate <br />this License, and City shall be entitled to any and all income, rent, award, or any interest <br />therein whatsoever which may be paid or made in connection with such public or quasi- <br />public use or purpose, and Licensee shall have no claim against City for the value of any <br />unexpired term of this License. If more than 25% of the premises are taken, and neither <br />party elects to terminate as herein provided, the License fees thereafter to be paid shall be <br />equitably reduced. If any part ofthe Parking Garage or the premises may be so taken or <br />appropriated, City shall have the right, at its discretion, to terminate this License, and <br />shall be entitled to the entire award as above provided. <br /> <br />II. Insurance: <br /> <br />(a) Fire Insurance. City, at its cost shall maintain during the term ofthis License <br />on the Premises a policy or policies of standard fire and extended coverage insurance to the <br />extent of at least ninety (90%) percent of full replacement value thereof, or a policy of self- <br />msurance. <br /> <br />(b) Liability Insurance. Developer at its sole cost and expense shall maintain <br />during the term ofthis License public liability and property damage insurance with a single <br />combined liability limit of one million dollars ($1,000,000) and property damage limits of <br />not less than one million dollars ($1,000,000), insuring against all liability of Developer <br />and its authorized representatives arising out of and in connection with Developer's use or <br />occupancy of the Parking Garage. Both public liability insurance and property damage <br />insurance shall insure performance by Developer of the indemnity provisions provided in <br />this License, but the limits of such insurance shall not, however, limit the liability of <br />Developer hereunder. Both City and Developer shall be named as additional insureds and <br /> <br />5 <br />