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3 <br />Insurance <br />Insurance <br />Value <br />Estimated current market value in US$: 25,000.00 <br /> Note: if value is estimated at more than $25,000, then the City Project Manager should contact City Risk Management before proceeding with this Agreement. <br />Will Lender insure the Work? The Work will not be insured by Lender for the duration of this Agreement. <br />If Work will be insured by Lender: <br />Insurance Company Name: N/A Policy Number: N/A Will City be Additional Insured? No <br />If Work will NOT be insured by Lender: <br />May City insure? Yes <br />Installation and Removal <br />Will Lender install and remove the Work? Yes, the Lender will install and remove. What special requirements exist for installation and removal of the Work (e.g., pad, connections, crane)? N/A The City will not pay Lender for installation and removal of the Work. The City may directly or indirectly pay or arrange for third party services reasonably necessary for installation and removal of the Work, including, but not limited to, a crane. <br /> <br />END OF BASIC PROVISIONS <br />