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3 <br />Insurance <br />Insurance <br />Value <br />Estimated current market value in US$: 10,000 <br /> <br />Note: if value is estimated at more than $25,000, then <br />the City Project Manager should contact City Risk <br />Management before proceeding with this Agreement. <br />Will Lender insure the Work? The Work will not be insured by Lender <br />for the duration of this Agreement. <br />If Work will <br />be insured <br />by Lender: <br />Insurance Company Name: Enter text <br />Policy Number: Enter text <br />Will City be Additional Insured? Select One <br />If Work will <br />NOT be <br />insured by <br />Lender: <br />May City insure? Yes <br />Installation and <br />Removal <br />Will Lender install and remove the Work? No, the Lender will not install <br />or remove. <br /> <br />What special requirements exist for installation and removal of the <br />Work (e.g., pad, connections, crane)? <br /> <br />The art is currently installed <br /> <br />The City will not pay Lender for installation and removal of the Work. <br />The City may directly or indirectly pay or arrange for third party services <br />reasonably necessary for installation and removal of the Work, <br />including, but not limited to, a crane. <br /> <br />END OF BASIC PROVISIONS <br />