CA DEPT HOUSING & C.D. 6 -2007 - Laserfiche WebLink

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City of Santa Ana 06-CaIHome-184 Page 2 of 5 EXHIBIT C obligation to the Contractor after notifying the Contractor in writing of the State's intention to terminate this Agreement. B. In the event of such breach the State may also take such action or seek such remedies as are provided in any other executed loan documents. C. Unless otherwise approved by the State, upon termination of this Agreement, the Contractor shall complete all the Work in progress and terminate any other activities that were to be paid for with Program funds. Any unexpended funds received by the Contractor shall be returned to the State within 15 days of the notice of termination. 5. Insurance A. Prior to the disbursement of funds under this Agreement and thereafter during the term hereof, the Contractor shall obtain, carry, and maintain in force, comprehensive general liability insurance in the amount of not less than one million dollars ($1,000,000) for injury to or death of one person, one million dollars ($1,000,000) for injury to or death of more than one person in one accident, and adequate property damage insurance. All insurance carriers must meet the requirements of the State of California Department of Insurance. B. Upon demonstration of cause satisfactory to the State, the requirements of subparagraph "An may be satisfied by the Contractor providing evidence of an alternative to conventional insurance sufficient to provide equivalent protection. 6. Inspections A. The Contractor shall inspect any Work performed hereunder to ensure that the Work is being and has been performed in accordance with the applicable federal, State and/or local requirements, any applicable construction contract, and this Agreement. The Contractor agrees to require that all Work found by such inspections not to conform to the applicable requirements be corrected, and to withhold payment to the construction contractor or subcontractor until it is so corrected. B. The State reserves the right to inspect any site upon which the Work is being performed; and the Contractor shall cause to be inserted in any subcontract for performance of the Work a provision permitting the State or its agents the right to inspect the Work-site at any reasonable time. 7. Siqns If assistance is provided as a secured development loan, any signs placed on the Property during construction which identify the sponsor of, or lenders to, the development shall include the Department as one of the entities providing financing to the development. During the construction period the Department may place one or more signs on the Property stating that it is providing financing for the development.