CCP 04102023 - Laserfiche WebLink

Home

covering any public liability or property damage by reason of the operation of its equipment, laborers, and hazard caused by the Improvements, and include at least the following: a) Comprehensive general liability insurance (including operations, contingent liability, operations of subcontractors, competed operations and contractual liability insurance) together with any Agreement or Policy with limits against bodily injury, including death, and property damage (to include, but not be limited to damages caused by erosion or flooding) which may arise out of Developer’ s work or the work of any of its contractors. The exclusion for underground collapse shall be removed. b) Limits for bodily injury or death shall be not less than $1,000,000.00 for one person per occurrence; limits for property damage shall not be less than $1,000,000.00 per occurrence; and will maintain a minimum $2,000,000.00 umbrella. c) Worker’ s compensation insurance, with statutory coverage, if applicable. d) Developer shall file a Certificate of Insurance with the City Engineer prior to commencing site grading. Developer shall be responsible for insuring that the Certificate bear the following wording: Should any of the above policies be canceled or terminated before the expiration date thereof, the issuing company shall give thirty (30) days’ written notice of cancellation or termination to the Certificate Holder. 5.03 Real Estate Taxes. The Developer shall pay all real estate taxes associated with the Property and owed for the year in which the Project is constructed at the times required, and the Developer shall provide proof to the City of such payment. If the Developer is required to convey any property to the City after July 1 of any calendar year, it shall be solely responsible for all real estate taxes owed on said Property through the following calendar year. ARTICLE SIX BREACH AND REMEDIES 6.01 Default by Developer. In the event of a breach of this Agreement by the Developer, the City may pursue any remedy at law or equity to enforce the terms of this Agreement. In the event of a breach of this Agreement as to any of the work to be performed hereunder by the Developer, its successors or assigns, the City may, at its option, perform the work and the Developer shall promptly reimburse the City for any expense incurred by the City, provided the Developer is first given written notice of the breach of this Agreement, not less than 72 hours in advance and the opportunity to cure such breach. In the event of an uncured breach of this Agreement, the City is granted the right to declare any sums provided by this Agreement due and payable in full, and the City may immediately bring legal action against the Developer to collect the sums covered by this Agreement and/or draw upon the Construction Escrow described in Article Four of this 11 22485\\13\\2777004.v3