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• <br /> Each insurance policy required by this clause shall be endorsed to state <br /> that coverage shall not be suspended, voided, cancelled by either party, <br /> reduced in coverage or in limits except after thirty (30) days' prior <br /> written notice by certified mail, return receipt requested, has been given <br /> to the City. <br /> (e) Acceptability of Insurers. Insurance is to be placed with insurers with a Bests' <br /> rating of no less than A:VI I. <br /> (f) Verification of Coverate. Owner shall furnish City with certificates of insurance <br /> and with original endorsements effecting coverage required by this clause. The <br /> certificates and endorsements for each insurance policy are to be signed by a <br /> person authorized by that insurer to bind coverage on its behalf. The certificates <br /> and endorsements are to be received and approved by the City before work <br /> commences. The City reserves the right to require complete, certified copies of <br /> all required insurance policies, at any time. The City reserves the right to modify <br /> these insurance requirements as the best interests of the City dictate. <br /> (g) Subcontractors. Owner and/or Owner's general contractor shall include all <br /> subcontractors as insureds under its policies or shall obtain separate certificates <br /> and endorsements for each subcontractor. All coverages for subcontractors shall <br /> be subject to all of the requirements stated herein. <br /> 17. Title to Improvements. Title to, and ownership of, all improvements constructed <br /> hereunder by Owner shall vest absolutely in City, upon completion and acceptance of such improvements <br /> by City unless otherwise provided. <br /> 18. Repair or Reconstruction of Defective Work. Except as otherwise expressly provided in <br /> this Agreement, and excepting only items of routine maintenance, ordinary wear and tear and unusual abuse <br /> or neglect, Owner guarantees all work executed by Owner and/or Owner's agents, and all supplies, materials <br /> STANDARD PUBLIC IMPROVEMENT AGREEMENT Page 9 of 13 <br /> G: \_LD1_AddrasNM\Marina Blvd 1701 (Kniser)\OlTsite impmvemcnt plansTublic Improvement Agreement 2500 Mcrced.doc <br />