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<br />or by any subcontractor, or anyone directly or indirectly employed by the <br />contractor or by a subcontractor under it. Insurance shall be written with a limit <br />of liability of not less than $600,000 for all damages arising-out of bodily injury <br />including death, at any time resulting therefrom, sustained by anyone person in <br />anyone accident; and a limit of liability of not less than $1,000,000 for any such <br />damage sustained by two or more persons in anyone accident. Insurance shall be <br />written with a limit of liability of not less than $300,000 for all property damage <br />sustained by one person in anyone accident, and a limit of liability of not less <br />than $700,000 for any such damage sustained by two or more persons in anyone <br />accident. The insurance policies shall accompany the contract for its execution by <br />the Developer and the City of Centerville. The above insurance policies shall <br />remain in full force and effect at all times during the process of constructing all <br />improvements set forth herein, and until six (6) months after city acceptance of <br />the Private Improvements and completion of the Street and Utility Improvements. <br />The City, City Engineer, and Developer's engineer shall be an additional named <br />insured in any such policy or policies. <br /> <br />IN WITNESS WHEREOF, City and Developer have signed this Development Agreement the <br />day and year first written above. <br /> <br />CITY: <br /> <br />DEVELOPER: <br /> <br />CITY OF CENTERVILLE <br /> <br />By: <br /> <br />Mayor <br /> <br />By: <br />Its: <br /> <br />ATTEST: <br /> <br />By: <br /> <br />City Clerk <br /> <br />STATE OF MINNESOTA) <br />) ss <br />COUNTY OF ) <br /> <br />The foregoing instrument was acknowledged before me this day of . <br />20---, by the Mayor of the City of Centerville, a municipal <br />corporation under the laws of the State of Minnesota, on behalf of the City. <br /> <br />9 <br />