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8I Consent Calendar 2016 0718
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8I Consent Calendar 2016 0718
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Last modified
7/15/2016 3:49:49 PM
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7/15/2016 3:49:44 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
7/18/2016
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PERM
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Reso 2016-098
(Reference)
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\City Clerk\City Council\Resolutions\2016
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EXHIBIT F FORM OF SELF INSURANCE CERTIFICATE <br />Bank of America, National Association <br />11333 McCormick Road <br />Mail Code: MD5-032-07-05 <br />Hunt Valley, MD 21031 <br />Attn: Contract Administration <br />Re: Equipment Lease/Purchase Agreement, dated as of July 21, 2016 (the “Agreement”) between Bank of America, National Association, as Lessor, <br />and the City of San Leandro, California, as Lessee <br />In connection with the above-referenced Agreement, the City of San Leandro, California <br />(the “Lessee”), the Lessee warrants and represents to Bank of America, National Association the <br />following information. The terms capitalized herein but not defined herein shall have the <br />meanings assigned to them in the Agreement. <br /> 1. The Lessee is self-insured for damage or destruction to the Equipment. The dollar <br />amount limit for property damage to the Equipment under such self-insurance program is <br />$____________. [The Lessee maintains an umbrella insurance policy for claims in excess of <br />Lessee’s self-insurance limits for property damage to the Equipment which policy has a dollar <br />limit for property damage to the Equipment under such policy of $____________.] <br /> 2. The Lessee is self-insured for liability for injury or death of any person or damage <br />or loss of property arising out of or relating to the condition or operation of the Equipment. The <br />dollar limit for such liability claims under the Lessee’s self-insurance program is <br />$____________. [The Lessee maintains an umbrella insurance policy for claims in excess of <br />Lessee’s self-insurance limits for liability which policy has a dollar limit for liabilities for injury <br />and death to persons as well as damage or loss of property arising out of or relating to the <br />condition or operation of the Equipment in the amount of $____________. <br /> [3]. The Lessee maintains a self-insurance fund. Monies in the self-insurance fund <br />[are/are not] subject to annual appropriation. The total amount maintained in the self-insurance <br />fund to cover Lessee’s self-insurance liabilities is $____________. [Amounts paid from the <br />Lessee’s self-insurance fund are subject to a dollar per claim of $____________.] <br /> [3]. The Lessee does not maintain a self-insurance fund. The Lessee obtains funds to <br />pay claims for which it has self-insured from the following sources: ______________________. <br />Amounts payable for claims from the such sources are limited as follows: _________________. <br /> 4. Attached hereto are copies of certificates of insurance with respect to policies <br />maintained by Lessee. <br />205
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