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Housing Hope HCS-15-42-1213-198(1) 7/25/2016
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Housing Hope HCS-15-42-1213-198(1) 7/25/2016
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Last modified
8/10/2016 11:29:30 AM
Creation date
8/10/2016 11:29:01 AM
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Contracts
Contractor's Name
Housing Hope HCS-15-42-1213-198(1)
Approval Date
7/25/2016
Council Approval Date
4/20/2016
End Date
9/30/2055
Department
Planning
Department Project Manager
Rebecca McCrary
Subject / Project Title
Kennedy Court Low Income Housing Rehab
Tracking Number
0000225
Total Compensation
$573,298.00
Contract Type
Agreement
Contract Subtype
Grant
Retention Period
6 Years Then Destroy
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connection with this Agreement. Such coverage shall include <br /> Products-Completed Operations. <br /> 2) To the extent of the Agency's/Contractor's negligence, the Agency's/ <br /> Contractor's insurance coverage shall be primary insurance as <br /> respects the County, its officers, officials, employees, and agents. Any <br /> insurance and/or self-insurance maintained by the County, its officers, <br /> officials, employees, or agents shall not contribute with the Agency's <br /> insurance or benefit the Agency in any way. <br /> 3) The Agency's insurance shall apply separately to each insured against <br /> whom claim is made and/or lawsuit is brought, except with respect to <br /> the limits of the insurer's liability. <br /> b. Property Coverage Policies <br /> 1) The City shall be added to all Property Coverage Policies as a loss <br /> payee as its interests may appear. <br /> 2) The City shall be added as a Named Insured as their interests may <br /> appear to all Builders Risk policies. <br /> c. All Policies <br /> Coverage shall not be suspended, voided, canceled, reduced in coverage <br /> or in limits, except by the reduction of the applicable aggregate limit by <br /> claims paid, until after 45 days prior written notice has been given to the <br /> City. <br /> 9. Acceptability of Insurers <br /> Unless otherwise approved by the City, insurance is to be placed with <br /> insurers with a Bests' rating of no less than A: VIII, or, if not rated with Bests, <br /> with minimum surpluses the equivalent of Bests' surplus size VIII. <br /> Professional Liability, Errors, and Omissions insurance may be placed with <br /> insurers with a Bests' rating of B+VII. Any exception must be approved by the <br /> County. <br /> If, at any time, the foregoing policies shall fail to meet the above <br /> requirements, the Agency shall, upon notice to that effect from the City, <br /> promptly obtain a new policy, and shall submit the same to the City, with <br /> appropriate certificates and endorsements, for approval. <br /> Amended HOME Loan Agreement <br /> Housing Hope's Kennedy Court Improvement Project <br /> Page 39 of 53 <br />
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