Resolution 2020-73 - Need Fully Executed Agreement

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• A general liability policy with limits no less than $1,000,000 per occurrence; $2,000,000, • A workers' compensation insurance policy covering all employees and complying with state law, • An automobile liability insurance policy covering bodily injury and property damage with limits of no less than $1,000,000 per occurrence. Before the effective date of this Contract, the Contractor shall present to the City a certificate showing it has the required policies in effect. Any variance to these insurance provisions must be approved in writing by the City's Risk Manager and will become incorporated as an addendum to this Contract. The Contractor shall not cancel, materially change, or fail to renew insurance coverages. Contractor shall notify the City of Louisville, 749 Main Street, Louisville, CO 80027 of any material reduction or exhaustion of aggregate limits. In the event any policy is canceled or has a material reduction of aggregate limits before final payment by City to Contractor, Contractor shall immediately procure other insurance sufficient to maintain the insurance requirements of this Agreement. Failure to maintain insurance or procure replacement insurance is grounds for termination of this Contract. Nothing contained in these insurance requirements is to be construed as limiting the extent of the Contractor's responsibility for payment of damages resulting from Contractor's operation under this Contract. CERTIFICATE OF INSURANCE: As evidence of the insurance coverages required by this Contract, prior to the effective date of this Contract, Contractor shall furnish a certificate of insurance to: City of Louisville The general and automobile liability certificate(s) will name the City, its officers, agents and employees as Additional Insureds. Insurance coverages required under this Contract shall be obtained from insurance companies authorized to do business in the State of Colorado. INDEMNITY: The Contractor shall fully indemnify and hold the City harmless from all claims, actions, suits, liability, losses, costs, expenses and/or damages of any kind whatsoever which may occur to or be suffered by any person (including, but not limited to the Contractor, its agents, employees, contractors, tenants, invitees, licensees, successors or assigns) arising out of or in connection with its use and occupation of any City facilities and/or any activities undertaken pursuant to this Contract. Upon commencement of any such suit or action against the City, the Contractor shall provide prompt notice to the City, and shall defend the same at its own cost and expense. If a judgment shall be rendered against the City in such an action or suit, Contractor shall fully satisfy the judgment within ninety (90) days after the same has been conclusively determined. TERMINATION: This Contract may be terminated at the sole discretion of the City for any violation by the Contractor of any of the terms and conditions of this Contract, including the reduction or discontinuance of the services listed in Attachment A. This Contract shall be subject