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constructed or provided by the Multifamily Developer on the Multifamily Development Property shall be in substantial conformity with the Construction Plans as submitted by the Multifamily • Developer and approved by the City, subject to changes permitted under Section 5.4. Section 5.6. Certificate of Completion. The Multifamily Developer shall notify the City when construction of the Minimum Improvements has been substantially completed. The City shall promptly inspect the Minimum Improvements in order to determine whether such Minimum Improvements have been constructed in substantial conformity with the approved Construction Plans. If the City determines that the Minimum Improvements have not been constructed in substantial conformity with the approved Construction Plans, the City shall deliver a written statement to the Multifamily Developer indicating in adequate detail the specific respects in which the Minimum Improvements have not been constructed in substantial conformity with the approved Construction Plans and Developer shall promptly remedy such deficiencies. Promptly upon determining that the Minimum Improvements have been constructed in substantial conformity with the approved Construction Plans, the City will furnish to the Multifamily Developer a Certificate of Completion certifying the completion of the Minimum Improvements. The Certificate of Completion issued for the Minimum Improvements shall conclusively satisfy and terminate the agreements and covenants of the Multifamily Developer in this Agreement to construct the Minimum Improvements. The Multifamily Developer shall cause the Certificate of Completion to be recorded in the proper office for recordation of deeds and other instruments pertaining to the Multifamily Development Property. Section 5.7. Zonine and Permitting. Nothing in this Agreement shall be deemed to excuse the Multifamily Developer from complying with the City's nornial zoning and construction permitting process as it relates to the development of the Minimum Improvements. ARTICLE VI • Section 6.1. Insurance. Insurance and Condemnation (a) The Multifamily Developer will provide and maintain or cause to be provided and maintained at all times during the process of constructing the Minimum Improvements and, from time to time at the request of the City, furnish the City with proof of payment of premiums on: (i) Builder's risk insurance, written on the so-called "Builder's Risk -- Completed Value Basis," in an amount equal to one hundred percent (100%) of the insurable value of the Minimum Improvements at the date of completion, and with coverage available in nonreporting form on the so called "all risk" form of policy; (ii) General liability insurance (including operations, contingent liability, operations of subcontractors, completed operations, Broadening Endorsement including contractual liability insurance) with limits against bodily injury and property damage of not less than $2,000,000 for each occurrence (to accomplish the above-required limits, an umbrella excess liability policy may be used); and 14 •