Res 1986-040 - Laserfiche WebLink

Home Browse Search

-3- amount of $100,000 for bodily injury, sickness, personal injury or death to any one person; up to $300,000 for each occurrence and $100,000 for damage to property, as well as Blanket Broad Fonn Contractual Liability coverage specifically covering the indemnification assl..lI'OOd by the Contractor under paragraph I hereof. Certi ficates of Insurance acceptable to the City of San Marcos, Texas shall be filed with said City prior to commencement of the work and such Certificates shall contain a provision that such insurance may not be cancelled or amended with respect to Contractor without thirty (30) days written notice by certified mail to said City by the insurance company and that said City shall not be required to pay any premiums for insurance. The City of San Marcos, shall be named as co-insured on all such insurance policies. Any insurance policy herein required or procured by Contractor shall contain an express waiver of any rights of subrogation by the insurance company against said City. Insurance carriers insuring Contractor in accordance with these Contract Dxurnents which are not rated by the most recent edition of Best's Key Rating Guide, Property - Casualty, published by A. M. Best Company, and insurance carriers having a rating lower than BXIII as shown in the most recent edition of said book, will not be approved by said City unless a guaranty bond acceptable to said City from a carrier rated BXIII or higher guaranteeing payment of any and all claims of Contractor is furnished to the City of san Marcos, Texas. The minimum 1 Lmi ts of any insurance coverage required herein shall not limit Contractor's liability under paragraph 7 of this Contract. The stated limi ts of insurance required by this paragraph are MINlMUr-1 ONLY and it shall be the Contractor's responsibility to detennine what limits are adequate. These minimum limits may be basic policy limits or any combination of basic limits and umbrella limits. In any event, the Contractor is fully responsible for all losses arising out of, resulting from or connected with operations under this contract whether or not said losses are covered by insurance. Said City.s acceptance of Certificates of Insurance that in any respect do not comply with the Contract requirements does not release the Contractor from compliance herewith. 9. REMOVAL AND SALVPßE OF EXISTIl\G BUIIDIN3S a. The Contractor shall demolish and/or remove all buildings and structures as specified above and unless otherwise specified, no dwelling structures shall be removed from the premises in a whole or substantially whole conditions, but all such building shall be demolished on the premises. b. Upon demolition and/or removal from the premises of a building or structure in accordance with this Contact, such building or structure or the remains thereof shall become the property of the Contractor, except that personal property of third persons or of occupants of such building shall not become the property of the Contractor.