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V. DISPUTE RESOLUTION <br />A. Any party may give ti~~ritten notice to the other setting forth in specific terms the <br />existence arld nattu•e of any unresolved n~zatter or cazlcez'n related to the puzposes and <br />obligations of this Agreezl~ent. Such ziotice shall be provided ley and to the Contract <br />Officers on behalf of the parties. The Officers shall have fifteen (l5) working days <br />following such notice to obtain resolution of any issues(s) identified in this manner; <br />provided, howevcr•, by ra~utual consent this pez•iod of time zxzay be extended to thirty <br />(30) clays. <br />B. If t11e Officers are unable to obtaiz~z resolution of the issue{s}, they shall submit a joint <br />written State-7~ent describing the facts of the issue, within thirty (30) days after the <br />written notice described above to the Executive Director A.S. Foundation Orange <br />County and to City's I-Io~rsing Manager for resolution. If the Officers are unable to <br />prepare a joint siatenzcnt, each shall submit separate statements to the previously <br />listed within the thirty (30} day period. Suclz persons shall meet and make their best <br />effoz•l to resolve the matter witl~ir~ thirty {30) days following submission ofthe <br />statczner7ts. Resolution of the dispute, or lack thereof, by the Executive Director A. S. <br />Foundation Orange Coiinly and the Santa Ana I-lousing Manager shall be documented <br />in the farm. of written correspondence exchanged by such persons within ten {10) <br />days following tl~cir n~ceiing. <br />VI. INDEMNIFICATION <br />Each party agrees to indemnify, defend, anti hold harmless the other party, its <br />officers, agents and employees Pi-on`z all liability, claims, losses and demands, including <br />defense costs, whether resulti~ag from court action. or otherwise, arising out of the acts or <br />omissions of tl7e indemnifying party, its officers, agents or employees or the condition of <br />property used in the l~er~formance of this Agreement. <br />VII. INSURANCE <br />With respect to per~lormar~ce of work unclcr this Agreement, Contractor shall maintain <br />and shall. z-ecluire its subcontractors, if any, to maintain insurance as described below: <br />1. Wor:ker's compens~~ltion insurance within statutory legal limits, and <br />2. Cozl~razer~cial General. Liability insuuance with limits of not less than <br />$1,000,000 per accidentlincident. <br />Contractor shall: (a} prior to exercising any right under this Agceen~zent, furnish properly <br />executed certificates of- insurance az~d additional insured endorsement to the Project <br />Sponsor which shall clearly evidence all coverages required above; (b) provide that; such <br />insurance shall zlot be materially changed oz• terminated except on 30 days prior written <br />notice to the Project Sponsor; (c) maintain such insurance for the period covered by this <br />4 <br />Exhibit 2 <br />