25L - CDBG - Laserfiche WebLink

Home Browse Search

5/11/10 Agreement, SUBRECIPIENT agrees to obtain and maintain employer's liability insurance with limits not 1 ess t han $1, 000,000 pe r a ccident. If S UBRECIPIENT h as no employees, no r workers' compensation coverage, i t m ust ex ecute a D eclaration available f rom t he C ITY, an d update as is necessary. B. SUBRECIl'IENT s hall undertake self-insurance, or shall obtain, a t its s ole c ost, a policy or policies of commercial general liability insurance, or equivalent form, with a combined single limit of not less than $1,000,000 per occurrence. Such i nsurance s hall: (1) na me t he C ity of S anta A na, i is of facers, a gents, representatives, employees and volunteers as additional insureds; (2) be primary with respect to insurance or self-insurance programs maintained by the CITY; (3) contain standard separation of insured's pr ovisions; a nd (4) give to C ITY p rompt a nd time ly n otice of c laim ma de o r s uit instituted arising out of SUBRECIPIENT's operations hereunder. SUBRECIPIENT s hall: (a) p rior to e xercising a ny r fight a nder th is A greement, furnish p roperly executed certificates of i nsurance a nd a dditional i nsured e ndorsement t o t he CITY which shall clearly evidence all coverages required above; (b) provide that such insurance shall not be materially changed or terminated except on 30 days prior written notice to the CITY; (c) m aintain s uch i nsurance f or t he pe riod c overed b y t his A greement;and (d) r eplace s uch certificates for policies expiring prior to the expiration of this Agreement. XI. REVERSION OF ASSETS A. Upon the expiration of this Agreement, SUBRECIPIENT shall transfer to CITY any CDBG f ands on ha nd a t t he time of the e xpiration of this A greement a s w ell a s a ny a ccounts receivable attributable to the use of CDBG funds. [24 CFR 570.503(b)(8).] B. Any real property under SUBRECIPIENT's control that was acquired or improved in whole or in part with CDBG funds in excess of $25,000.00 must either be: 1. Used, where CITY has given written approval, to meet one of the national objectives stated in 24 CFR 570.208 until five (5) years after expiration of this Agreement, or for such longer period of time as determined to be appropriate by CITY; or 2. If not us ed i n a ccordance w ith s ubparagraph A a bove, S UBRECIPIENT shall pay to CITY an amount equal to the current fair market value of the property less any portion of the value attributable to the expenditure of non-CDBG funds for acquisition of, or improvement to, the property. Such payment is program income to CITY. C. Subject t o t he ob ligations s et f orth he rein, t itle t o e quipment a cquired un der t he terms o f this A greement w ill vest up on a cquisition i n SUBRECIPIENT. When said e quipment which h as b een acq aired i n acco rdance w ith t his Agreement an d al 1 ap placable r egulations is n o longer needed for said program, disposition of said equipment will be made as follows: 12 25L-14