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5.1. HRSR 12-06-2004
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5.1. HRSR 12-06-2004
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City Government
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HRSR
date
12/6/2004
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ARTICLE VII <br /> DEVELOPER COVENANTS <br /> Section 7.1 Insurance. The Developer will provide and maintain or cause to be <br /> maintained at all times and, from time to time at the request of the City, furnish the City with <br /> proof of payment of premiums on insurance of amounts and coverages normally held by <br /> businesses engaged in activities similar to those of the Developer. <br /> Section 7.2 Maintenance and Operation of the Development. The Developer will <br /> at all times during the term of this Agreement operate and maintain the Development in a safe <br /> and secure way and in compliance with this Agreement and all federal, State and local laws, <br /> regulations, rulings and ordinances applicable thereto. Developer shall pay all of the reasonable <br /> and necessary expenses of the operation and maintenance of the Development, including all <br /> premiums for insurance insuring against loss or damage thereto and adequate insurance against <br /> liability for injury to persons or property arising from the Development as required pursuant to <br /> this Agreement. Developer shall not knowingly cause any person working in or attending the <br /> Development for any purpose, or any owner of a housing unit, to be exposed to any hazardous or <br /> unsafe condition; provided that Developer shall not be in default hereunder if it has required the <br /> contractors employed by Developer to perform work on the Development to take such <br /> precautions as may be available to protect the persons in and around the Development from <br /> hazards arising from the work, and has further required each such contractor to obtain and <br /> maintain liability insurance protecting against liability to persons for injury arising from the <br /> work. The expenses of operation and maintenance of the Development shall be borne solely by <br /> Developer. The foregoing provisions shall apply to the Developer for only so long as the <br /> Developer or an Affiliate is the owner of the Development and only as to such portions of the <br /> Development which the Developer or an Affiliate owns. <br /> 16742O5v8 36 <br />
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