80A - TRANSIT CODE AND STATION DISTRICT - EXHIBIT J

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fig} ha~~ld at~y the insurance co~rerae re~trired here be written itlr an a~~nrral aggregate st~clr aggregate shall be disclased in ~~rrtrn to the Agerrcy. ~h~ Par' all insrrrarrce re~rrired under this Section 3~~,~, tl~e Agency sl~a~Il lave the right, at eery eve ~5~ year period, to ~'evte~v the types arrd ltrn~ts of rnsurance co~rerage req~rired l~ereir~ arrd to male reasonable adusttents, provided that such types at~d Iit~its shall not exceed teat typically carried by the o~vner' and operator of a carnpa~'able affoz`dable ha~~sin apartment can~plex, of approximately the sat~.e size, ire range Co~~nty, ~alifarnia, based orr reasonable research at~d irr~restigatian by tl~e Agency. U6~~ P~~opet'ty ~t~str~~aricc~ arnr~~enci~~g rrpor~ the ~Iasin fot• each Phase and cantrn~~rrrg for the dru'atior~ of the Affordability Per4iad ~vitl~ respect to srtel~ Phase, ~evelapet' shall seut'e, t~aintairr, at~d pa~~ ~'or the folla~~ing ali~risk Praper•ty Insrtr'at~ce; provided, l~a~vever', rte tine ease of~utlder' il~ it~srtrat~ce ~vlrete Developer{ i not tl~e general contr'actor', Develope~~ r~~ay cause the requi~'ed builder's risk insurance to be sec~~recl, tnairlta~ned, arrd paid for' by the general cat~tt'actar; ~a} Prior to tl~e start of construction at~d cat~tintting ~~t~til the carnpletion of corrstt4r~ctian {tl~e latter of firral aceeptarrce of the Praject o~i issuatrce of the final certificate of acc«paney for the Pa'oject}; aliwrik builder's Risk course of co~~struction} insurance coverage in ate an~olttlt e~~al to tl~e fell cost of the Lard canstt'~~etion casts of tl~e ~'r+o~ect, ucl~ insrtrarrce shall cover, at a minirrr~lrrr: all ~vork, trtaterials, at~d e~uipmer~t to be ll~c~r'p(~r~t~d rnto tine Pr'o~ect; the ~1`a~~~t d~~r't~~g carlstr~~ct~on; the corr~plete~l Project llr]tll such tirrre as it is accepted by the Agency; and storage at~d tr'anspor'tation risl~s, ucli rt~sut'ance shall pr+otectlrns~rre the interests of the De~reloperfo~vrrer at~d all contr'actor~s~, arrd all slrbcontr'actors, as each of their interests r~xay appear'. ~f s~rcl~ ins~~r;ar~ee i~~clude~ a~~ exclt~iat~ for `{design ez'x+or," such eclrrsiarl slrai~ only be far tine object or portiarr ~lric~x failed. Such ins~tr'at~ce si~all incl~rde ate inst?rer's ~varV~t` of subrogation its favor of each pratectedlinsured party thereunder and the Agency, Tl~e Agency shall be rratned as an additional lass payee, as its interests rrray appears, with a lass payable endorsement, ~vhicl~ shall be delivered to tl~ Agency priior; to the start of cot~str~~~ctior~. fib} otrtt~rencing ~~vitl~ tl~e completion of car~str'€tction at~d contir~rtin for tl~e duration of the Affordability Period: ~a~ all-risk physical da~~age ins~rr'at~ce coverage, are are all-r'isk basis, eoveririg II insurable str'~rctrtres and etluiprnent, inclrtding coverage far' buildi~~g code changes, rrr an at~ount nat less than I0~°I~ of the replacerxrerrt cost of tl~e total valrtes at risk, ~vhicl~ shall be adjusted for increased costs of cot~strlrctiar~ arrd replacement on an ann~ral basis, to protect against lass af, damage ta, or destr'uctiorr of tl~e Projects such ir~s~~r'a~~ce shall riot contain a coins~rrar~ce cla~tse; ~b~ brtsiness interr'rtptian and extra expense insurance to prated tl~e Developers and all Additior7al insureds covering Ions of rever~rres andlor extra expense incurred by reasarl of tlae total ar' par'tial suspension ar delay of, or rnterr•~rptior~ in, tl~e operation of tl~e Pr'o~ect, or at~y portion thereof, caused by loss or ~ltrtage to or destrrrctrari of at~y part of the ins~trable real pr'aper•ty structures or' e~~xiptnent as a result of the perils ins~~red against ~rnder such all-risk property ins~rrat~ce~ covering a period of srzspensian, delay ar irrterrrxptian of at least t~vel~re ~l~} calendars months, its an atnaurrt not less than the amount required to cover' such business interr~iptton at~dlar extra expense loss during any s~~cl~ period; srtch insurance shall not contarrl a deductrble iii an ai~arri~t iil excess of a tl~ir~ty X30} day period; and ~c~ as applicable, D~CS4 CII ~ ~~b7v 131~4~~"~2-DDD ~