Laserfiche WebLink
<br /> 7!.eê <br /> -4- <br /> The city will maintain casualty insurance coverage with an <br /> insurer or insurers duly authorized to do business in Texas in the <br /> amount of the full replacement value of all improvements on the <br /> Project site. The Foundation will assure that casualty insurance <br /> coverage is maintained on the contents of all buildings on the <br /> Project site. <br /> C. Liabilitv Insurance <br /> <br /> The Foundation will assure that commercial general liability <br /> insurance coverage with an insurer or insurers duly authorized to <br /> do business in Texas with a combined single limit of at least <br /> $1,000,000 is maintained for the Incubator. <br /> D. Contractor Insurance <br /> ~ <br /> During the course of the Construction Project, the city will <br /> require the general contractor to provide commercial general <br /> liability and motor vehicle liability insurance coverages with an <br /> insurer or insurers duly authorized to do business in Texas with a <br /> combined single limit of at least $1,000,000, and builder's risk <br /> insurance coverage with an insurer or insurers duly authorized to <br /> do business in Texas in the amount of the full replacement value of <br /> all improvements on the Project site. <br /> SECTION 6. UNIFORM ADMINISTRATIVE REQUIREMENTS, COST <br /> PRINCIPLES, GROSS INCOME, AND PROGRAM INCOME <br /> <br /> A. The City and the Foundation, for their respective obligations <br /> under this contract during the first two years of the contract <br /> period, agree to comply with the Regulations and, for matters not <br /> addressed therein, with Office of Management and Budget (OMB) <br /> Circular A-I02, as revised January 1981, in performing this <br /> contract. The allowability of costs incurred for performances <br /> rendered hereunder shall be determined in accordance with OMB <br />