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<br />LA515-110-838683.v10 <br />C. The Developer shall take out and maintain or cause to be taken out and maintained <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 this Agreement. The certificate shall provide that the City must <br />be given 30 days’ advance written notice of the cancellation of the insurance. <br />D. Third parties shall have no recourse against the City under this Agreement. <br />E. 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 portions of this Agreement. <br />F. 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 />G. This Agreement shall run with the land and may be recorded against the title to the <br />Subdivision property at the Developer’s expense. The Developer covenants with the <br />City, its successors and assigns, that it is the fee owner of the Subdivision and has <br />obtained consents to this Agreement, in the form attached hereto, from all parties