Res 2009-038 - Laserfiche WebLink

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5. Appendix 9, Insurance Requirements, is hereby amended as follows to reflect lower insurance policy limits informally agreed to by the Parties following the execution of the Plant Operating Agreement. APPENDIX 9 INSURANCE REQUIREMENTS 9.1. Authority Insurance Coverage. The Authority shall obtain, pay for and maintain the insurance coverage listed below with respect to the management, operation and maintenance of the Water Treatment Facilities: (a) workers' compensation insurance required by Applicable Law covering all of the employees of the Authority; (b) comprehensive automobile liability insurance, including owned, non- owned and leased or hired vehicles, with limits of $3,000,000 combined single limit per occurrence; (c) comprehensive general liability insurance with a combined single limit of $3,000,000 per occurrence; (d) excess liability insurance above the required comprehensive general, and automobile liability insurance in the amount of $7,000,000; and (e) pollution legal liability insurance (which policy is project specific) with limits of $5,000,000 per loss and an annual aggregate limit of $5,000,000. 9.2. Additional Insured's. The Authority and Subcontractors shall include the City, its mayor, the City manager, the City Council and each of its members, officers, officials and employees as additional insured (the "Additional Insured") on all insurance policies required pursuant to this Appendix. The City and the Authority shall waive the subrogation rights of their various insurance carriers in favor of the other party. 9.3. Insurance Policies. Insurance, and any renewals thereof, shall be evidenced by verification of coverage and copies of coverage amendments issued or countersigned by a duly authorized representative of the issuer and delivered to the City for its review 30 days prior to the Commencement Date or, in the case of a renewal or amendment, as reasonably provided by the insurer. The full original policies of insurance shall require 30 days' written notice to the City of cancellation (except with respect to cancellation for non-payment of premiums to which a 10-day written notice shall be required), intent not to renew, or, to the extent that it would affect the City or its rights or obligations under such policy or the Service Contract, any reduction or change in its coverage by the insurance company. 4