Item 08 - Newhope Library Renovation Project

Home Browse Search

2, Automobile Liability Coverage. SUBRECIPIENT shall. also obtain and maintain, during. the effective period of this Agreement,broad form automobile liability coverage with a$1,000,000 limit -unless reduced by CITY, which applies to both owned/leased and non-owned automobiles used by SUBRECIPIENT employees or participants in performance of,this Agreement, or, in-the event that SUBRECIPIENT will not utilize such owned/leased automobiles but intends to require employees, participants or other agents to utilize their own automobiles in the performance of this-Agreement, SUBRECIPIENT shall secure and maintain on file from all such•employees,.participants, or agents as self-certification of automobile insurance coverage. Governmental entities,may provide proof of-self- insurance. 3. Workers'Com ensation. If SUBRECIPIENT is an"employer',.as set forth in California Labor Code Section 3300 et seq.,.or utilizes participants as "employees,"as set forth in-California Labor• Code Section. 3350 et seq., SUBRECIPIENT shall obtain and keep. in force during the term of-this Agreement full Workers' Compensation insurance coverage for injuries suffered by participants. Said -,insurance policy shall -guarantee CITY at least thirty (30) days written notice .of cancellation or- modification. 4; E ment Covera e, SUBRECIPIENT shall purchase a policy or policies of insurance ui covering loss or damage to any and all Equipment provided to•.or purchased by-SUBRECIPMN'T in accordance with this Agreement. Said insurance shall be in the-amount of the full replacement value thereof, providing protection against the classification of fire, extended coverage, vandalism, malicious mischief, theft, and special extended perils. Governmental entities may substitute a certificate of self- insurance. 5, Proof of Insurance. Certificates mad endorsements must be submitted and approved by CITY prior to any work under this Agreement. SUBRECIPIENT understands that CITY will make no payments under this Agreement until the required certificates and endorsdxmi ants-have been approved by My. X1. REVERSION OF ASSETS A, Upon the expiration of this Agreement, SUBRECIPIENT shall transfer to CXIY any. CDBG. funds on hand at the time of the expiration of this Agreement as well as any accounts receivable attributable to the use of CDBG funds, [24 CFR 570.503(b)(7)] 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 appropriato by CITY; or .2 If not used in,accordance with subparagraph .. „ ' . . 1 aboovv e,SUBRECIPIENT shall pay to . .. CITY an amount equal to the current fair market value of the property less any portion of tho value attributable to the expenditure of non-CDBGfunds for acquisition_of, or-improvemo nt to,the property: Such payment is program income to CITY, C. Subject to the obligations set forth herein, title to equipment.acquired:under the terms .of this.: Agreement will vest upon acquisition in SUBRECIPIENT. When said equipment which'has been acquired it accordance with this Agreement and all applicable regulations is no longer needed for said program, disposition of said equipment will be made as follows: 12