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<br />229446v1 <br />platted and/or has obtained consents to this Contract, in the form attached hereto, from all <br />parties who have an interest in the property; that there are no unrecorded interests in the <br />property being final platted; and that the Developer will indemnify and hold the City harmless <br />for any breach of the foregoing covenants. <br />I. Insurance. Developer and Contractor shall provide a copy of the Development Contract <br />to their insurance professional for verification that the certificate of insurance is in <br />compliance with the requirements of the Development Contract. Prior to execution of <br />the final plat, Developer and its general contractor shall furnish to the City a certificate of <br />insurance showing proof of the required insurance required under this <br />Paragraph. Developer and its general contractor shall take out and maintain or cause to be <br />taken out and maintained until six (6) months after the City has accepted the public <br />improvements, such insurance as shall protect Developer and its general contractor and the <br />City for work covered by the Contract including workers’ compensation claims and property <br />damage, bodily and personal injury which may arise from operations under this Contract, <br />whether such operations are by Developer and its general contractor or anyone directly or <br />indirectly employed by either of them. The minimum amounts of insurance shall be as <br />follows: <br />Commercial General Liability (or in combination with an umbrella policy) <br />$2,000,000 Each Occurrence <br /> $2,000,000 Products/Completed Operations Aggregate <br /> $2,000,000 Annual Aggregate <br /> <br />The following coverages shall be included: <br /> <br />Premises and Operations Bodily Injury and Property Damage <br />Personal and Advertising Injury <br />Blanket Contractual Liability <br />Products and Completed Operations Liability <br />Page 89 of 379