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<br />6/10/06 les <br /> <br />participants, or agents as self-certification of automobile insurance <br />coverage. Governmental entities may substitute a certificate of self- <br />insurance. <br /> <br />C. Workers' Compensation. If CONTRACTOR is an "employer", as set forth <br />in California Labor Code Section 3300 et seq., or utilizes participants as <br />"employees," as set forth in California Labor Code Section 3350 et seq., <br />CONTRACTOR shall obtain and keep in force during the term of this <br />Agreement full Workers' Compensation insurance coverage for injuries <br />suffered by participants. Said insurance policy shall guarantee CITY at <br />least thirty (30) days written notice of cancellation or modification. <br />CONTRACTOR shall carry medical and accident insurance for those <br />participants not qualifying as "employees" for Worker's Compensation <br />Coverage, pursuant to California Labor Code Section 3350, et seq. <br /> <br />D. Equipment Coveraqe. CONTRACTOR shall purchase a policy or policies <br />of insurance covering loss or damage to any and all Equipment provided <br />to or purchased by CONTRACTOR in accordance with this Agreement. <br />Said insurance shall be in the amount of the full replacement value <br />thereof, providing protection against the classification of fire, extended <br />coverage, vandalism, malicious mischief, theft, and special extended <br />perils. Governmental entities may substitute a certificate of self-insurance. <br /> <br />E. Proof of Insurance. Certificates and endorsements (~~~iplf!HJ must be <br />submitted and approved by CITY prior to any work under this Agreement. <br />CONTRACTOR understands that CITY will make no payments under this <br />Agreement until the required certificates and endorsements have been <br />approved by CITY. <br /> <br />XI. REVERSION OF ASSETS <br /> <br />A. Upon the expiration of this Agreement, CONTRACTOR shall transfer to <br />CITY any FEZ funds on hand at the time of the expiration of this Agreement <br />as well as any accounts receivable attributable to the use of FEZ funds. <br /> <br />B. Any real property under CONTRACTOR's control that was acquired or <br />improved in whole or in part with FEZ funds in excess of $25,000.00 must <br />either be: <br /> <br />1. Used, where CITY has given written approval, to meet one of the <br />national objectives stated under federal law until five (5) years after <br />expiration of this Agreement, or for such longer period of time as <br />determined to be appropriate by CITY; or <br /> <br />2. If not used in accordance with subparagraph A above, <br />CONTRACTOR shall pay to CITY an amount equal to the current fair <br />market value of the property less any portion of the value attributable <br />Page 10 of 14 <br />