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2. Automobile Liability Coverage. SUBRECIPIENT shall also obtain and maintain, during <br />the effective period of this Agreement, broad form automobile liability coverage with a $1,000,000 limit <br />unless reduced by CITY, which applies to both owned /leased and non-owned automobiles used by <br />SUBRECIPIENT employees or participants in performance of this Agreement, or, in the event that <br />SUBRECIPIENT will not utilize such owned /leased automobiles but intends to require employees, <br />participants or other agents to utilize their own automobiles in the performance of this Agreement, <br />SUBRECIPIENT shall secure and maintain on file from all such employees, participants, or agents as <br />self- certification of automobile insurance coverage. Governmental entities may provide proof of self - <br />insurance. <br />3. Workers' Compensation. If SUBRECIPIENT is an "employer", as set forth in California <br />Labor Code Section 3300 et seq., or utilizes participants as "employees," as set forth in California Labor <br />Code Section 3350 et seq., SUBRECIPIENT shall obtain and keep in force during the term of this <br />Agreement full Workers' Compensation insurance coverage for injuries suffered by participants. Said <br />insurance policy shall guarantee CITY at least thirty (30) days written notice of cancellation or <br />modification. <br />4. Equipment Coverage. SUBRECIPIENT shall purchase a policy or policies of insurance <br />covering loss or damage to any and all Equipment provided to or purchased by SUBRECIPIENT in <br />accordance with this Agreement. Said insurance shall be in the amount of the full replacement value <br />thereof, providing protection against the classification of fire, extended coverage, vandalism, malicious <br />mischief, theft, and special extended perils. Governmental entities may substitute a certificate of self - <br />insurance. <br />5. Proof of Insurance. Certificates and endorsements must be submitted and approved by <br />CITY prior to any work under this Agreement. SUBRECIPIENT understands that CITY will make no <br />payments under this Agreement until the required certificates and endorsements have been approved by <br />CITY. <br />XI. REVERSION OF ASSETS <br />A. Upon the expiration of this Agreement, SUBRECIPIENT shall transfer to CITY any CDBG <br />funds on hand at the time of the expiration of this Agreement as well as any accounts receivable attributable <br />to the use of CDBG funds. [24 CFR 570.503(b)(7)] <br />B. Any real property under SUBRECIPIENT's control that was acquired or improved in whole or in <br />part with CDBG funds in excess of $25,000.00 must either be: <br />1. Used, where CITY has given written approval, to meet one of the national <br />objectives stated in 24 CPR 570.208 until five (5) years after expiration of this Agreement, or for such longer <br />period of time as determined to be appropriate by CITY; or <br />2. If not used in accordance with subparagraph 1 above, SUBRECIPIENT shall pay to <br />CITY an amount equal to the current fair market vatic of the property less any portion of the value <br />attributable to the expenditure of non -CDBG funds for acquisition of, or improvement to, the property. Such <br />payment is program income to CITY. <br />C. Subject to the obligations set forth herein, title to equipment acquired under the terms of this <br />Agreement will vest upon acquisition in SUBRECIPIENT. When said equipment which has been acquired <br />in accordance with this Agreement and all applicable regulations is no Longer needed for said program, <br />disposition of said equipment will be made as follows: <br />12 <br />