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7.4 Failure on the part of the Contractor to procure or maintain policies providing the <br />required coverages, conditions, and minimum limits shall constitute a material breach of <br />contract upon which the City may immediately terminate this Agreement, or at its <br />discretion may procure or renew any such policy or any extended reporting period thereto <br />and may pay any and all premiums in connection therewith, and all monies so paid by the <br />City shall be repaid by Contractor to the City upon demand, or the City may offset the <br />cost of the premiums against any monies due to Contractor from the City. <br />7.5 The parties understand and agree that the City is relying on, and does not waive or intend <br />to waive by any provision of this contract, the monetary limitations (presently $150,000 <br />per person and $600,000 per occurrence) or any other rights, immunities, and protections <br />provided by the Colorado Governmental Immunity Act, § 24 -10 -101 et seq., 10 C.R.S., <br />as from time to time amended, or otherwise available to the City, its officers, or its <br />employees. <br />8.0 INDEMNIFICATION <br />To the fullest extent permitted by law, the Contractor agrees to indemnify and hold harmless the <br />City, and its elected and appointed officers and its employees, from and against all liability, <br />claims and demands, on account of any injury, loss, or damage, which arise out of or are <br />connected with the Services hereunder, to the extent such injury, loss, or damage, is caused by <br />the negligent act, omission, or other fault of the Contractor or any subcontractor of the <br />Contractor, or any officer, employee, or agent of the Contractor or any subcontractor, or any <br />other person for whom Contractor is responsible. The Contractor shall investigate, handle, <br />respond to, and provide defense for and defend against any such liability, claims, and demands. <br />The Contractor shall further bear all other costs and expenses incurred by the City or Contractor <br />and related to any such liability, claims and demands, including but not limited to court costs, <br />expert witness fees and reasonable attorneys' fees if the court determines that the these incurred <br />costs and expenses are related to such negligent acts, errors, and omissions or other fault of the <br />Contractor. The City shall be entitled to its reasonable costs and attorneys' fees incurred in any <br />action to enforce the provisions of this Section 8.0. The Contractor's indemnification obligation <br />shall not be construed to extend to any injury, loss, or damage which is caused by the act, <br />omission, or other fault of the City. <br />9.0 QUALITY OF WORK <br />Contractor's Services shall be performed in accordance with the highest professional <br />workmanship and service standards in the field to the satisfaction of the City. <br />10.0 INDEPENDENT CONTRACTOR <br />It is the expressed intent of the parties that the Contractor is an independent contractor and not <br />the agent, employee or servant of the City, and that: <br />39 <br />