Revitalization Commission Agenda and Packet 2018 06 20 SP

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Louisville, its officers and its employees, as additional insureds, with primary coverage as respects the LRC, City of Louisville, its officers and its employees, and shall contain a severability of interests provision. 7.1.3 Automobile liability and physical damage insurance for any vehicle used in performing services for the City, of such types and in such amounts not less than prescribed by Colorado law. 7.1.4 Professional Liability coverage with minimum combined single limits of ONE MILLION DOLLARS ($1,000,000) each occurrence and ONE MILLION DOLLARS ($1,000,000) aggregate. 7.2 The Consultant's general liability insurance shall be endorsed to include the LRC, and its elected and appointed officers and employees, as additional insureds, unless the LRC in its sole discretion waives such requirement. Every policy required above shall be primary insurance, and any insurance carried by the LRC, its officers, or its employees, shall be excess and not contributory insurance to that provided by the Consultant. The Consultant shall be solely responsible for any deductible losses under each of the policies required above. 7.3 Certificates of insurance shall be provided by the Consultant as evidence that policies providing the required coverages, conditions, and minimum limits are in full force and effect, and shall be subject to review and approval by the LRC. No required coverage shall be cancelled, terminated or materially changed until at least 30 days prior written notice has been given to the LRC. The LRC reserves the right to request and receive a certified copy of any policy and any endorsement thereto. 7.4 Failure on the part of the Consultant to procure or maintain policies providing the required coverages, conditions, and minimum limits shall constitute a material breach of contract upon which the LRC may immediately terminate the contract, or at its discretion may procure or renew any such policy or any extended reporting period thereto and may pay any and all premiums in connection therewith, and all monies so paid by the LRC shall be repaid by Consultant to the LRC upon demand, or the LRC may offset the cost of the premiums against any monies due to Consultant from the LRC. 7.5 The parties understand and agree that the LRC is relying on, and does not waive or intend to waive by any provision of this contract, the monetary limitations or any other rights, immunities, and protections provided by the Colorado Governmental Immunity Act, § 24-10-101 et seq., 10 C.R.S., as from time to time amended, or otherwise available to the LRC, its officers, or its employees. 8.0 INDEMNIFICATION To the fullest extent permitted by law, the Consultant agrees to indemnify and hold harmless the LRC, and its elected and appointed officers and its employees, from and against all liability, claims, and demands, on account of any injury, loss, or damage, which arise out of or are 3