CITY COUNCIL REGULAR MEETING AGENDA PACKET 4-21-26

SUBDIVISION IMPROVEMENT AGREEMENT TRACT 8724 Page 5 of 11 of the aforesaid construction covered by this Agreement, regardless of whether or not City has prepared, supplied or approved of, plans or specifications for the subdivision, or regardless of whether or not such insurance policies shall have been determined to be applicable to any of such damages or claims for damages. 11. Insurance. During the term of this Agreement, Subdivider or its Contractor, shall maintain in full force and effect, at its own cost and expense, insurance coverages with insurers with an A.M. Best’s rating of no less than A:VII. Subdivider, or its Contractor, shall have the obligation to furnish City the minimum coverages identified below, or such greater or broader coverage for City, if available in the Contractor’s policies: Subdivider shall provide a Certificate of Insurance and policy endorsements issued to the City of Pleasanton from the Subdivider’s insurance carrier showing the coverages and amount of coverage of at least the following amounts: a. Statutory Workers' Compensation and Employer’s Liability Coverage shall be provided in the amount of $1,000,000 each accident or disease. If the Contractor is not the Subdivider, then the Contractor will also provide the City with the said Certificate of Insurance and policy endorsement of statutory Workers' Compensation and Employer’s Liability Insurance required herein prior to start of construction of the Improvements. b. COMMERCIAL GENERAL LIABILITY Coverage shall be at least as broad as Insurance Services Office (ISO) form CG 00 01 in amounts no less than $2,000,000 Per Occurrence, $4,000,000 General Aggregate, and $2,000,000 Products and Completed Operations Aggregate. c. AUTOMOBILE LIABILITY Coverage shall be at least as broad as ISO Business Auto Coverage form CA 00 01 Bodily Injury $2,000,000 Each Accident. d. The Commercial General Liability and Automobile Liability insurance companies affording coverage to the Subdivider shall be required to add the City of Pleasanton as an "additional insured" under the insurance policy by endorsement for all Improvements performed in accordance with this Agreement. The Commercial General Liability shall be endorsed using ISO form CG 20 10 or CG 20 26 and CG 20 37 (or equivalent). e. All insurance companies affording coverage to the Subdivider shall be insurance organizations authorized by the Insurance Commissioner of the State of California Department of Insurance to transact business of insurance in the State of California with a Best's rating of not less than A:VII. f. All insurance companies affording coverage shall provide thirty-day (30) written notice to the City of Pleasanton should the policy be canceled before the expiration date. For the purposes of this notice requirement, any material change in the policy prior to the expiration shall be considered a cancellation. If a carrier will not provide the required notice of cancellation or policy modification, the Subdivider shall provide written notice to the City of a cancellation or policy modification no later than five (5) business days before cancellation or policy modification. Page 208 of 846