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Exec~~tive Director• prior to a~~d as arl Agez~cy's otaditior~ Precedent ~ar~d n~ai~Ytained as required <br /> herein; <br /> ~c~ Provide a combined single limit of <br /> b~•o~ ~ot•~r~ catntne~~~tal et~erl <br /> liability insurance ire the a~r~ount ofT~vo Million Dollars ~~,~~~,p~~~ per occ~z~~rence, ~vl~icl~ will <br /> be cor~sidet•ed equivalent to the required r~~lr~itrru limits, axed such insurance shall ~i~ be 4vr•ittet~ <br /> on an occurrence form, err} be ~v~•it~en with a primary policy for~~ ~vitl~ lirnits of not less than <br /> l,aaa,oaa per ~cc~~r•r•ence; viii} be ~vrrtten ~vrth arse or• mare excess layers to b~~it~ tl~e total of <br /> primary and excess coverage limits to trot less tl~at~ ~,~Oa,O~a per occurrence, Div} not be <br /> ~vritter~ with a cled«ctihle greater than ~~,aaa per accurre~~ce, contain a ~vai~er of <br /> subrogation ire favor of tl~e Agency; <br /> ~d} P~•ovide prin~ar•y auto~r~obile liability it~s~r~•ance for owned, <br /> t~on~o~vr~ed, and l~ir•ed vehicles, as applicable to, or for at~y use related ta, tl~e Project, its an <br /> a~r~out~t rat less than ~r~e Million Dollars ~l,aaa,OQ~~ combined single lir~7it, with excess <br /> ins~u~a~~ce coverage to bang the fatal al~noz~nt of a~~tot~~obrle lrab~I~ty rrrstz~•at~~e coverage to are <br /> ama~~nt not less ti~a~~ T~va .illior~ Dollars ~2,a~a,~~~~ per accident for• bodily it~j~rry ar~d <br /> pr•ope~~y damage; <br /> fie} dear a~~ endorser~re~~t or~ shill leave attached a r•ider• p~•oviding that <br /> Agency shall be rlot~~ed not less than tl~rr•ty ~3a} days before any expir•atiot~, ca~~cellatiotl, or <br /> tan-rer~e~val of such polio or• policies, ar~d shall be r~oti~ed riot less than terl ~l dads after at~y <br /> event of ~lor7payn~er~t of pretty iurrr; ar~d <br /> ~]evelape~i shall also file with Agency the fallo~vitt sighed <br /> cer•tificatian, <br /> "I a~n aware of, and will comply ~vitlt} section ~7~~ of the <br /> Lobar bode, requiring every employer to be i~~s~zt~ed against <br /> liability of o~~kers' oxt~pei~satio~t or~ to ~~nde~•talCe self i~tsur*ance <br /> be~oi•e camniertciit any of fife ~varlc,~a <br /> Developer shall co~ttply with Sections 7~~ and 38~a of tl~e Labor bode by <br /> secririi~g, paying for aid ~ttaintaini~t i~~ fill force and effect from. attd after• fife lasing, attd <br /> coritir~uitt far tl~e dur•atior~ of tine Affordability Period, cotttplete ~vo~~l~ers' eoipenatian <br /> iilsurai~ce, to stat~~toa~y liinit, with en~ploye~~s liability li~r~}ts riot less tl~ai~ Orre Millio~t dollars <br /> ~ 1,aa~,Qaa} per occ~rrre~tce, and stall fiirrrislt a Certificate of ~rrsui•a~tce to the Agency before <br /> tl~e co~~~n~er~cente~tt of or~st~•~rctiot~~ All ~dditianal ~r~s~~reds shall t~~t he respot~sihle far ar~y <br /> claims lit la~v or• equity accasiorred by fife failure of the ~eveloper• to carnply with this <br /> ectiari 3aG~l. ~ver•y ~vot4l~ers' contper~sation insurance policy shall bean an ei~do~•ser~ent or shall <br /> leave attached a rider providing that, rig fife event of exprratio~t or• proposed cai~cellatiott of such <br /> polio for airy reaso~t ~vllatsoever, the Agency shall be ~~atif <br /> led, giving the Deveiaper• a s~rfficier~t <br /> time to corrrply itl~ applicable la~v, but ire Ito event less than thirty dais before s~~clt <br /> expi~•ation, cai~cellatian, or reducttot~ in coverage is effective or tern ~l a} days in fife event of <br /> nanp.yirient ofpreinit~m. <br /> f <br /> <br /> ~a~~~~1~~~~~~~'1~~~~~~~~-~~~ ~ <br /> ~ 3 <br /> f <br /> <br />