Ordinance 1818-91 - Laserfiche WebLink

coverage. It is understood that this insurance covers any and all liability of the City and its commissioners, officers, employees and agents, and the procurement thereof does not constitute a waiver of the defense of governmental immunity. Such insurance (i) shall include coverage for any accident resulting in personal injury to or death of any person and consequential damages arising therefrom; (ii) shall include comprehensive property damage insurance; (iii) shall be issued by a financially responsible insurance company or companies; (iv) shall name Lessor as an additional insured thereunder; (v) shall provide that the same may not be cancelled without at least thirty (30) days prior written notice being given by the insurer to Lessor; and (vi) shall include contractual liability coverage. City shall furnish to Lessor on or before the effective date of such insurance, certificates of insurance evidencing that the same shall be in full force and effect on said effective date and that the premiums therefor have been paid. ARTICLE IX: FIRE AND EXTENDED COVERAGE INSURANCE Following the Payment Obligation Commencement Date, City will carry or cause to be carried fire and extended coverage insurance covering the Improvements in such amounts and covering such risks as the City Council may require from time to time. Such insurance shall be carried with financially responsible insurance companies authorized to do business in the State of Washington, and may be carried under a policy or policies covering other property owned or controlled by City. City shall furnish to Lessor, on or before the effective date of any such policy, certificates of insurance evidencing that the insurance required by this Article IX 9—are in force and effect on the specified date and that the premiums therefor have been paid. City agrees that such policies shall contain a provision that the same may not be cancelled without at least thirty (30) days' prior written notice being given by the insurer to Lessor. The amount of insurance maintained by City in compliance with this Article IX shall be in such amounts as may be established by the City Council from time to time, or the City may be self-insured. The proceeds from any such insurance shall be paid to the City. ARTICLE X: LIENS The City shall not create, incur, assume or suffer to exist any mortgage, pledge, lien, charge, encumbrance or claim on or with respect to the Leased Premises. The City shall promptly, at its own expense, take such action as may be necessary to duly discharge or remove any such mortgage, pledge, lien, charge, encumbrance or claim if the same shall arise at any time. The City shall reimburse the Lessor for any expense incurred by Lessor to -12- D0T439 91/09/24