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2005/08/24 Council Agenda Packet
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2005/08/24 Council Agenda Packet
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Council Agenda Packet
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8/24/2005
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. <br /> proportion that the conveyed Transfer Lot bears to the total acreage (785-I- acres) in Lots 45-Bi <br /> ani-45-C, 45-D and 45-E, and.The City shall execute a partial reconveyance of the deed of trust <br /> to effectuate such release. <br /> (e) Other Remedies. In lieu of and not in addition to foreclosure,Tthe City <br /> retains all other rights and remedies that it may have in law or equity in the event of a Default <br /> breach by CSR AssociatedRinker of the terms of this Agreement. <br /> 1.12 Insurance. <br /> (a) For the duration of this Agreement, CSR AssociatedRinker shall obtain at <br /> its own expense, maintain in full force and effect, and file with the City a Certificate of Insurance <br /> for a primary policy of Commercial General Liability insurance that includes the coverages set <br /> forth below. These policies and Certificates of Insurance shall be subject to approval by City as <br /> to company, terms and coverages. <br /> (b) Such liability insurance policies shall by endorsement specifically name <br /> City as an additional insured thereunder. Subject to the provisions of such policies,the insurance <br /> shall protect City from any and all claims and risks and losses in connection with any activity <br /> performed by CSR AssociatedRinker on the Rinker Property. <br /> (c) Such liability insurance policies shall provide the following minimum <br /> coverages (extended bodily injury, acts of employees, premises and operations liability, owner's <br /> and contractor's protective liability,blanket contractual liability,broad form property damage <br /> liability,personal injury and coverage for acts of employees, automobile liability, explosion, <br /> 2004 Revised Development Agreement !: !:-- - . • . . • .-• . •••.. - . •-•0 24 <br /> ' OI 8/11/20057/18/20057/14/20056/5/20056/5/20055/3/20051/11/20051-2/28/200110/18/20046(21 20^� 1 r,� 'W20044/5/20048/18/2003 <br />
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