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market value or proceeds from the sale by City's share of CDBG funds expended to acquire the <br />equipment, in accordance with 24 CFR § 85.32(e)(2). <br />4. If any real property acquired or improved by CDBG funds is not used in accordance with one of the <br />national objectives in 24 CFR § 570.208 after five years of expiration of this Agreement, the District shall <br />pay to City an amount equal to the current market value of the property less any portion of the value <br />attributable to expenditures of non -CDBG funds. <br />5. District's obligations and responsibilities set forth in this paragraph 28 and other requirements pertaining to <br />CDBG funding shall not be affected by the termination of this Agreement and shall survive the date of <br />termination of this Agreement for such period of time as City and/or HUD deems necessary for the <br />responsibilities, duties and obligations to be performed and completed to the satisfaction of City and HUD. <br />6. The District shall retain all records pertaining to this Agreement for at least four years after final <br />payment by the City and closure of all other pending matters as required by 24 CFR §§ 85.36(i)(l 1) <br />and 85.42. <br />L. Insurance /Bonding. <br />1. With respect to performance of work under this Agreement, District shall require that Contractor shall <br />maintain and shall require its subcontractors, if any, to maintain insurance as described below: <br />The Commercial general liability insurance certificate, shall name the District and City as <br />additionally insured. (Sample Additional Insured Endorsement attached hereto and incorporated <br />herein as Exhibit E). <br />Contractor shall (a) furnish properly executed certificates of insurance to District and the City prior <br />to commencement of work under this Agreement, which certificates shall clearly evidence all <br />coverage required above and provide that such insurance shall not be materially changed or <br />terminated except on thirty (30) days' prior written notice to District; and (b) maintain such <br />insurance from the time work first commences until completion of the work under this Agreement; <br />Construction Reimbursement Agreement — City of Santa Ana /SAUSD — MPR/CC 8 -28 -12 Page 7 <br />Amount of <br />Amount of <br />Coverage: <br />Coverage_ <br />Type of Coverage <br />Each Occurrence <br />Ag2re2ate <br />A. <br />Commercial General Liability <br />Combined, Single Limit <br />$2,000,000 <br />$5,000,000 <br />B. <br />Automobile Liability (Any Auto) <br />Combined, Single Limit <br />$2,000,000 <br />$5,000,000 <br />C. <br />Excess Liability <br />Sufficient to cover the above limits if the <br />above policies do not <br />cover the required <br />limits. <br />D. <br />Employers' Liability <br />$2,000,000 <br />E. <br />Builder's Risk (Course of <br />N/A <br />Construction) <br />F. <br />Workers' Compensation Insurance <br />Statutory Limits <br />The Commercial general liability insurance certificate, shall name the District and City as <br />additionally insured. (Sample Additional Insured Endorsement attached hereto and incorporated <br />herein as Exhibit E). <br />Contractor shall (a) furnish properly executed certificates of insurance to District and the City prior <br />to commencement of work under this Agreement, which certificates shall clearly evidence all <br />coverage required above and provide that such insurance shall not be materially changed or <br />terminated except on thirty (30) days' prior written notice to District; and (b) maintain such <br />insurance from the time work first commences until completion of the work under this Agreement; <br />Construction Reimbursement Agreement — City of Santa Ana /SAUSD — MPR/CC 8 -28 -12 Page 7 <br />