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6.5.2 Verification of Coverage. Prior to beginning any work under this Agreement, Subrecipient <br />shall furnish City with complete copies of all certificates of insurance delivered to Subrecipient by the <br />insurer, including complete copies of all endorsements attached to the policies. All copies of certificates <br />of insurance and certified endorsements shall show the signature of a person authorized by that insurer <br />to bind coverage on its behalf. If the City does not receive the required insurance documents prior to the <br />Subrecipient beginning work, it shall not waive the Subrecipient's obligation to provide them. The City <br />reserves the right to require complete copies of all required insurance policies at any time. <br />6.5.3 Deductibles and Self -Insured Retentions. Subrecipient shall disclose to and obtain the <br />written approval of City for the self-insured retention and deductibles before beginning any of the services <br />or work called for by any term of this Agreement. At the option of the City, either: the insurer shall reduce <br />or eliminate such deductibles or self-insured retentions as respects the City, its officers, employees, and <br />volunteers; or the Subrecipient shall provide a financial guarantee satisfactory to the City guaranteeing <br />payment of losses and related investigations, claim administration and defense expenses. <br />6.5.4 Wasting Policies. No policy required by this Section 6 shall include a "wasting" policy limit <br />(i.e. limit that is eroded by the cost of defense). <br />6.5.5 Endorsement Requirements. Each insurance policy required by Section 6 shall be <br />endorsed to state that coverage shall not be canceled by either party, except after 30 days' prior written <br />notice has been provided to the City. <br />6.5.6 Subcontractors. Subrecipient shall include all subcontractors as insureds under its <br />policies or shall furnish separate certificates and certified endorsements for each subcontractor. All <br />coverages for subcontractors shall be subject to all of the requirements stated herein. <br />6.6 Submittal of Proof of Insurance Coverage. All certificates of insurance and original <br />endorsements effecting coverage required in this Section 6 must be electronically submitted through the <br />City's online insurance document management program, PINS Advantage. Contractor shall comply with <br />all requirements provided by City related to the PINS Advantage program. <br />6.7 Remedies. In addition to any other remedies City may have if Subrecipient fails to provide <br />or maintain any insurance policies or policy endorsements to the extent and within the time herein <br />required, City may, at its sole option exercise any of the following remedies, which are alternatives to <br />other remedies City may have and are not the exclusive remedy for Subrecipients breach: <br />a. Obtain such insurance and deduct and retain the amount of the premiums <br />for such insurance from any sums due under the Agreement; <br />b. Order Subrecipient to stop work under this Agreement or withhold any payment <br />that becomes due to Subrecipient hereunder, or both stop work and withhold any payment, until <br />Subrecipient demonstrates compliance with the requirements hereof; and/or <br />C. Terminate this Agreement. <br />7.0 ADMINISTRATIVE REQUIREMENTS <br />7.1 Financial Management. <br />a. Accounting Standards. The Subrecipient agrees to comply with 24 CFR Part 84 <br />and agrees to adhere to the accounting principles and procedures required therein, utilize adequate <br />internal controls, and maintain necessary source documentation for all costs incurred. <br />CDBG Subrecipient Agreement between City of San Leandro and July 1, 2020 to June 30, 2021 <br />Centro Legal de la Raza - Rental Assistance Program Page 10 of 15 <br />