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<br />21 <br />LA515\124\964107.v1 <br />until six months after the City has accepted the public Subdivision Improvements, <br />public liability and property damage insurance covering personal injury, including <br />death, and claims for property damage which may arise out of Developer's work or <br />the work of its subcontractors or by one directly or indirectly employed by any of <br />them. <br />Limits for bodily injury and death shall be not less than $500,000 for one person and <br />$1,500,000 for each occurrence; limits for property damage shall be not less than <br />$200,000 for each occurrence; or a combination single limit policy of $1,500,000 or <br />more. The City shall be named as an additional insured on the policy, and the <br />Developer shall file with the City a certificate of insurance evidencing coverage prior <br />to the City signing the plat. The certificate shall provide that the City must be given <br />thirty (30) days’ advance written notice of the cancellation of the insurance. <br />E. Third parties shall have no recourse against the City under this Agreement. <br />F. If any portion, section, subsection, sentence, clause, paragraph, or phrase of this <br />Agreement is for any reason held invalid, such decision shall not affect the validity <br />of the remaining portion of this Agreement. <br />G. The action or inaction of the City shall not constitute a waiver or amendment to the <br />provisions of this Agreement. To be binding, amendments or waivers shall be in <br />writing, signed by the parties and approved by written resolution of the City Council. <br />The City's failure to promptly take legal action to enforce this Agreement shall not be <br />a waiver or release. <br />H. This Agreement shall run with the land and will be recorded against the title to the <br />Property at the Developer’s expense. The Developer covenants with the City, its <br />successors and assigns, that the Developer has fee title to the Property being final <br />platted and has obtained consents to this Agreement, in the form attached hereto, <br />from all parties who have an interest in the Property, including, but not limited to, the