RES 87418 - Laserfiche WebLink

reasonable cost on the open market from reputable insurance companies. Public Liability Insurance. Except as discussed below, the City will cause to be maintained public liability insurance. Minimum liability limits for such insurance are $I.0 million for personal injury or death of one person; $3.0 million for personal injury or deaths of two or more persons in each event; and $200,000, subject to a deductible clause not to exceed $5,000, for property damage from each event. Such public liability and property damage insurance may however be in the form of a single limit policy in the amount of $3.0 million covering all such risks. Such liability insurance may be maintained in conjunction with any other liability insurance carried by the City. As an alternative to providing the insurance required above, the City, with the written consent of the Corporation, may provide a self insurance method or plan of protection if and to the extent such self insurance method or plan of protection will afford reasonable protection to the Corporation, its members, directors, officers, agents and employees and the Trustee, in light of all circumstances, giving consideration to cost, availability and similar plans or methods of protection adopted by public entities in the State of California other than the City. Before another method or plan may be provided by the City, there will be filed with the Trustee a certificate of an actuary, independent insurance consultant or other qualified person, stating that, .in the opinion of the signer, the substitute method or plan of protection is in accordance with the requirements of the Facility Lease and, when effective, would afford reasonable protection to the Corporation, its members, directors, officers, agents and employees and the Trustee against loss and damage from the hazards and risks covered thereby. There will also be filed a certificate of the City setting forth the details of such substitute method or plan. Maintenance, Utilities, Taxes and Assessments The City will be responsible for the maintenance and repair of the Demised Premises and the Project while in possession, and will pay or arrange for the payment of such costs, as well as utilities, and taxes and assessments throughout the term of the Facility Lease. Eminent Domain Proceedings If the whole of the Demised Premises and the Project or so much thereof as to render the remainder unusable for the purposes for which it was used by the City is taken under the B-12 1685S