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Covenant Number: MUNICIPAL PROPERTY, CRIME, BOND, PETROFUND, <br /> CMC 34480 and EQUIPMENT BREAKDOWN DECLARATIONS <br /> Coverage is Provided by: f <br /> THE LEAGUE OF MINNESOTA CITIES <br /> '�� <br /> INSURANCE TRUST LEAGUE <br /> (Herein called LMCIT) I N I I,1 <br /> (..1„1.1 l`i <br /> Item 1. CITY: ELK RIVER,CITY OF <br /> Item 2. COVERAGE PERIOD: <br /> From: 07/01/2012 To: 07/01/2013 12:01 AM Standard Time at Mailing Address <br /> on Common Coverage Declarations <br /> Item 3. THE COVERED PARTY IS: CITY <br /> Item 4. COVERAGE: <br /> IN RETURN FOR THE PAYMENT OF THE PREMIUM,AND SUBJECT TO ALL THE TERMS OF <br /> THIS COVENANT,LMCIT AGREES TO PROVIDE THE COVERED PARTY WITH COVERAGES <br /> SHOWN BELOW FOR WHICH A LIMIT IS STATED: <br /> Item 5. COVERAGE PART ONE—PROPERTY <br /> Section I—Property General Limit of Coverage Per Occurrence $ 134,624,900 <br /> This general limit is subject to the sublimity as described in Section VI,Limits of <br /> Coverage and Valuation,and the specific property limit. <br /> Terrorism loss occurrence-shared limit $ 50,000,000 <br /> This limit is subject to the provisions of the Terrorism Losses-Special Pool Limit <br /> Endorsement ME079(11/09) <br /> Section II—Additional Covered Loss or Damages <br /> 1. Loss of Revenue,Extra Expense and Expediting Expense $ 5,000,000. Per Occurrence <br /> 2. Demolition and Debris Removal <br /> (Direct Physical Damage to Covered Property) 25%of the Estimated Replacement Cost <br /> of the Covered Property <br /> (No Direct Physical Damage to Covered Property) $ 50,000. Per Occurrence <br /> 3. Leasehold Interest $ 500,000. Per Location <br /> 4. Accounts Receivable $ 500,000. Per Location <br /> 5. Valuable Papers and Records $ 500,000. Per Location <br /> 6. Utility Services $ 100,000. Per Occurrence <br /> 7. Green Building Expenses 1%of the Contract Cost but not to <br /> exceed$100,000. Per Location <br /> 8. Asbestos Clean up,Abatement and Removal $ 250,000. Per Location <br /> 9. Pollutant Cleanup and Removal $ 250,000. Per Location <br /> 10. Errors $ 500,000. Per Occurrence <br /> 11. Rental Reimbursement $ 25,000. Annual Aggregate <br /> 12. Arson Reward $ 5,000. Per Fire Loss <br /> 11 Extraordinary Expense $ 250,000. Annual Aggregate <br /> 14. Data Security Breach Expenses $ 250,000. Annual Aggregate <br /> Section IV-Water and Supplemental Flood Coverage $ 500,000. Per Occurrence <br /> $ 500,000. Annual Aggregate <br /> LMCIT DEC-012(11/86)(Rev.I I/11) Page 1 of 3 <br />