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8L Consent 2014 0616
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8L Consent 2014 0616
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Last modified
6/30/2014 10:03:40 AM
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6/11/2014 10:53:34 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
6/16/2014
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_CC Agenda 2014 0616 CS+RG
(Reference)
Path:
\City Clerk\City Council\Agenda Packets\2014\Packet 2014 0616
Reso 2014-063
(Reference)
Path:
\City Clerk\City Council\Resolutions\2014
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12 <br />times thereafter. Tenant’s obligations under this Section shall survive the <br />termination of the Lease. <br />14.INSURANCE: The Tenant, and any contractors and sub-contractors <br />making repairs, alterations or improvements for Tenant, shall: <br />A.Tenant’s Insurance Obligations. The Tenantshall procure and <br />maintain during the Term of this Lease at Tenant’s sale cost and expense the <br />following insurance (and increased yearlyas applicable), and supply Landlord <br />certificates of insurance: <br />(1)Comprehensive or commercial general liability insurance <br />with limits not less than Two Million Dollars ($2,000,000) each <br />occurrence combined single limit for bodily injury and property damage, <br />including contractual liability, independent contractors, sudden and <br />accidental pollution, broad-form property damage all of whichshall be <br />primary coverage responding to any and all structure and property <br />losses related to Tenant’s building usage, personal injury, products and <br />completed operations, and explosion, collapse and underground <br />(XCU), <br />(2)Fire and extended coverage insurance in an amount equal <br />to one hundred percent (100%) of the full replacement value of the <br />Leased Premises,will be provided by Lessee. The cost of this <br />coverage will be born by the Lessee. The Policy shall be endorsed to <br />name Lessor as Loss Payee. <br />(3)Comprehensive or Business Automobile Liability <br />Insurance with limits not less than One Million Dollars ($1,000,000) <br />each occurrence Combined Single Limit for Bodily Injury and Property <br />Damage including coverage for Owned, Non-owned and Hired <br />Vehicles, as applicable. <br />(4)Workers’ Compensation, with Employer’s Liability limits <br />(including employment practices coverage) not less than One Million <br />Dollars ($1,000,000) each, if applicable. <br />(5)If any policies are written on a claims-made form, Tenant <br />agrees to maintain such insurance continuously in force for three years <br />following completion of this Lease or extend the period for reporting <br />claims for three years following the completion of this Lease to the <br />effect that occurrences which take place during the contract period <br />shall be insured for the three years following the completion of the <br />Lease.
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