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10B Action 2012 0117
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10B Action 2012 0117
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Last modified
1/20/2012 5:54:50 PM
Creation date
1/10/2012 5:11:24 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
1/17/2012
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PERM
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_CC Agenda 2012 0117 CS+RG
(Reference)
Path:
\City Clerk\City Council\Agenda Packets\2012\Packet 2012 0117
Reso 2012-006
(Reference)
Path:
\City Clerk\City Council\Resolutions\2012
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(g) If any insurance policy or coverage required hereunder is canceled or <br />reduced, Owner shall, within fifteen (15) days after receipt of notice of such cancellation <br />or reduction in coverage, but in no event later than the effective date of cancellation or <br />reduction, file with City certificate showing that the required insurance has been <br />reinstated or provided through another insurance company or companies. Upon failure <br />to so file such certificate, City may, without further notice and at its option, procure such <br />insurance coverage at Owner's expense, and Owner shall promptly reimburse City for <br />such expense upon receipt of billing from City. <br />(h) Coverage provided by Owner shall be primary insurance and shall not be <br />contributing with any insurance, or self- insurance maintained by City, and the policies <br />shall so provide. The insurance policies shall contain a waiver of subrogation for the <br />benefit of the City. Owner shall furnish the required certificates and endorsements to <br />City prior to the commencement of construction of the Project, and shall provide City <br />with certified copies of the required insurance policies upon request of City. <br />1753724.3 24 <br />
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