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6.1 The term of this Agreement shall be from the Effective Date to December 31, <br />2025, unless sooner terminated pursuant to Section 13, below. The Contractor's <br />Services under this Agreement are on -call, and shall commence and be <br />completed in accordance with Sections 4.2 and 4.3. Contractor shall proceed <br />with diligence and promptness so that the Services are completed in a timely <br />fashion consistent with the City's requirements. <br />6.2 Nothing in this Agreement is intended or shall be deemed or construed as <br />creating any multiple -fiscal year direct or indirect debt or financial obligation on <br />the part of the City within the meaning of Colorado Constitution Article X, Section <br />20 or any other constitutional or statutory provision. All financial obligations of the <br />City under this Agreement are subject to annual budgeting and appropriation by <br />the Louisville City Council, in its sole discretion. Notwithstanding anything in this <br />Agreement to the contrary, in the event of non -appropriation, this Agreement <br />shall terminate effective December 31 of the then -current fiscal year. <br />.0 INSURANCE <br />The Contractor agrees to procure and maintain, at its own cost, the policies of <br />insurance set forth in Subsections 7.1.1 through 7.1.3. The Contractor shall not <br />be relieved of any liability, claims, demands, or other obligations assumed <br />pursuant to this Agreement by reason of its failure to procure or maintain <br />insurance, or by reason of its failure to procure or maintain insurance in sufficient <br />amounts, durations, or types. The coverages required below shall be procured <br />and maintained with forms and insurers acceptable to the City. All coverages <br />shall be continuously maintained from the date of commencement of services <br />hereunder. The required coverages are: <br />7.1.1 Workers' Compensation insurance as required by the Labor Code of the <br />State of Colorado and Employers Liability Insurance. Evidence of qualified <br />self -insured status may be substituted. <br />7.1.2 General Liability insurance with minimum combined single limits of ONE <br />MILLION DOLLARS ($1,000,000) each occurrence and TWO MILLION <br />DOLLARS ($2,000,000) aggregate. The policy shall include the City of <br />Louisville, its officers and its employees, as additional insureds, with primary <br />coverage as respects the City of Louisville, its officers and its employees, <br />and shall contain a severability of interest's provision. <br />7.1.3 Comprehensive Automobile Liability insurance with minimum combined <br />single limits for bodily injury and property damage of not less than FOUR <br />HUNDRED THOUSAND DOLLARS ($400,000) per person in any one <br />occurrence and ONE MILLION DOLLARS ($1,000,000) for two or more <br />persons in any one occurrence, and auto property damage insurance of at <br />least FIFTY THOUSAND DOLLARS ($50,000) per occurrence, with respect <br />to each of Contractor's owned, hired or non -owned vehicles assigned to or <br />3 <br />