Laserfiche WebLink
Agreement may not be modified except by written instrument signed by the City and by an <br />authorized representative of Developer. The parties agree that any terms or conditions of any <br />purchase order or other instrument that are inconsistent with, or in addition to, the terms and <br />conditions hereof, shall not bind or obligate Developer nor the City. Each party to this <br />Agreement acknowledges that no representations, inducements, promises or agreements, orally <br />or otherwise, have been made by any party, or anyone acting on behalf of any party, which are <br />not embodied herein. <br />906. Insurance Policies Required. While any obligation of Developer under this <br />Agreement remains outstanding, Developer shall maintain at Developer's sole expense, with <br />insurers either (i) admitted in California or (ii) are not admitted to California but have an A.M. <br />Best Rating of "A" or above and reasonably approved by the City, the following policies of <br />insurance in form and substance reasonably satisfactory to the City Attorney: <br />(a) worker's compensation insurance and any other insurance <br />required by law in connection with the rehabilitation; <br />(b) prior to commencement and following completion of the <br />rehabilitation, fire and hazard "all risk" insurance covering 100% of the replacement cost of the <br />Improvements in the event of fire, lightning, windstorm, vandalism, malicious mischief and all <br />other risks normally covered by "all risk" coverage policies in the area where the Property is <br />located (including loss by flood if the Property is in an area designated as subject to the danger of <br />flood); <br />(c) upon commencement of the rehabilitation and at all <br />times prior to completion of the rehabilitation, permanent property replacement and liability <br />insurance policy covering 100% of the replacement cost of all Improvements (including offsite <br />materials) during the course of construction in the event of fire, lightning, windstorm, vandalism, <br />earthquake, malicious mischief and all other risks normally covered in the area where the <br />Property is located (including loss by flood if the Property is in an area designated as subject to <br />the danger of flood); <br />(d) public liability insurance in amounts reasonably required <br />by City from time to time, and in no event less than $1,000,000 for "single occurrence;" <br />(e) property damage insurance in amounts reasonable <br />required by City from time to time, and in no event less than $1,000,000; and <br />(f) any other insurance reasonably required by City. <br />This countersigned certificate shall name the City and its respective officers, agents, and <br />employees as an additionally insured party under the policy, and the certificates shall be <br />accompanied by a duly executed enforcement evidencing such additional insured status (the <br />City's preferred Additional Insured Endorsement is attached hereto as Exhibit E). The certificate <br />and endorsement by the insurance carrier shall contain a statement of obligation on the part of <br />the carrier to notify City of any material change, cancellation or termination of the coverage at <br />18 <br />