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(a) Required Coverage. The Developer shall maintain and keep in force, at the <br /> Developer's sole cost and expense, the following insurance applicable to the Development: <br /> (1) Worker's Compensation insurance, including Employer's Liability <br /> coverage, with limits not less than One Million Dollars ($1,000,000) each accident. <br /> (2) Comprehensive General Liability insurance with limits not less than <br /> Two Million Dollars ($2,000,000) each occurrence combined single limit for Bodily Injury and <br /> Property Damage, including coverages for Contractual Liability, Personal Injury, Broadform <br /> Property Damage,Products and Completed Operations. <br /> (3) Comprehensive Automobile Liability insurance with limits not less <br /> than One Million Dollars($1,000,000) each occurrence combined single limit for Bodily Injury and <br /> Property Damage, including coverages for owned,non-owned and hired vehicles, as applicable; <br /> provided, however, that if the Developer does not own or lease vehicles for purposes of this <br /> Agreement, then no automobile insurance shall be required and both parties to this Agreement shall <br /> initial this provision signifying same. <br /> (4) Property insurance covering the Improvements covering all risks of <br /> loss, including flood (if commercially and reasonably available) and excluding earthquake for <br /> 100%of the replacement value,with deductible, not to exceed the maximum insurable value of the <br /> property naming the City as a Loss Payee, as its interest may appear. <br /> (b) General Requirements. The required insurance shall be provided under an <br /> occurrence form, and the Developer shall maintain such coverage continuously throughout the <br /> Term. <br /> Comprehensive General Liability, Comprehensive Automobile Liability and Property <br /> insurance policies shall be endorsed to name as additional insureds the City and its boardmembers, <br /> officers, agents, and employees. <br /> All policies and bonds shall be endorsed to provide thirty(30)days prior written notice of <br /> cancellation, reduction in coverage, or intent not to renew to the address established for notices to <br /> the City pursuant to Section 10.1 below. <br /> (c) Certificates of Insurance. Upon the City's request at any time during the <br /> term of this Agreement, the Developer shall provide certificates of insurance, evidencing <br /> compliance with the requirements of this Section, and shall provide complete copies of such <br /> insurance policies, including a separate endorsement naming the City as additional insured. <br /> 144\105\105296.4 9 <br />