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14. After the City's acceptance of the City Facility, <br />City shall keep or cause to be kept insured, at City's <br />sole cost and expense, for the mutual benefit of School District <br />and City, all improvements located on or pertinent to the City <br />Facility against loss or damage by fire and such other risks as <br />are now or hereafter provided to other City structures. The <br />amount of the insurance shall be sufficient to prevent either <br />School District or City from becoming a co-insurer under the <br />provisions of the policies, but in no event shall the amount be <br />less than 80$ of the then actual replacement cost (herein called <br />full insurable value). City shall not carry any insurance the <br />effect of which would be to reduce the protection or payment to <br />School District under any insurance that this lease obligates <br />City to carry. If any dispute whether the amount of insurance <br />complies with any of the above cannot be resolved by agreement, <br />School District may, not more often than once every twelve (12) <br />months, request the carrier of the insurance then in force to <br />determine the full insurable value as defined in this provision, <br />and the result and the determination shall be conclusive between <br />the parties for the purpose of this paragraph. The proceeds of <br />the insurance policy shall be deemed to be held in trust by the <br />recipient for the uses and purposes prescribed by this lease. <br />Any insurance proceeds remaining after complying with the <br />provisions of this lease relating to maintenance, repair, and <br />reconstruction of improvements shall be the City's sole <br />property. <br />- 8 - <br />