Agmt 2008 Association of Bay Area Governments ABAG

Home

2. That the Grantee has acquired and recorded all easements and other interests in real property necessary to the construction, use and/or maintenance of the Project; 3. That notices of non -responsibility are recorded for all private property improved by the Project (see Exhibits C-1 and C-2); 4. That the Grantee has provided for liability insurance and an endorsement, or is self- insured, as described in the "LIABILITY" section of this Agreement; and 5. That the Grantee has provided for fire and other loss insurance as described in the "LOSS INSURANCE" section of this Agreement. Notwithstanding the above, the Grantee may commence preparation of plans, specifications and engineering work upon meeting conditions set forth in subsections A and B.1 of this section, and upon ABAG's review and approval of a separate work program (tasks, budget and timeline) and approval of any contractors that the Grantee will retain to perform the work. III. TERM OF AGREEMENT This Agreement shall be deemed executed and effective when signed by both parties and received in the offices of ABAG together with the resolution described in the "CONDITIONS PRECEDENT TO CONSTRUCTION AND DISBURSEMENT" section of this Agreement. This Agreement shall run from its effective date through December 31, 2037 ("the termination date") unless otherwise terminated or amended as provided in this Agreement. However, all work shall be completed by December 31, 2009. -2- Construction Grant Agreement - 2008