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2.13.1 Liability Insurance Prior to Completion. Prior to commencement of <br /> construction of the Project or any phase thereof, the Redeveloper or the <br /> Redeveloper's contractor shall procure and deliver to the City, at the <br /> Redeveloper's or such contractor's cost and expense, and shall maintain in full <br /> force and effect until each and every obligation ation of Redeveloper contained herein <br /> has been fully paid, or performed, a policy or policies of comprehensive liability <br /> insurance and during any period of construction, contractor's liability insurance, <br /> structural work act insurance and workmen's compensation insurance, with <br /> liability coverage under the comprehensive liability insurance to be not less than <br /> One Million($1,000,000)Dollars each occurrence and Five Million($5,000,000) <br /> Dollars total, all such policies to be in such form and issued by such companies <br /> as shall be reasonably acceptable to the City to protect City and Redeveloper <br /> against any liability incidental to the use of or resulting from any accident <br /> occurring in or about the Project or the improvements or the construction and <br /> improvement thereof. Each such policy shall name the City as coinsureds and <br /> shall contain an affirmative statement by the issuer that it will give written notice <br /> to the City at least thirty (30) days prior to any cancellation or amendment of its <br /> policy. <br /> 2.13.2 Builder's Risk Prior to Completion. During the construction of the Project or <br /> any phase thereof as certified by the City, the Redeveloper shall keep in force at <br /> all times builder's completed value risk insurance, in non-reporting form, against <br /> all risks of physical loss, including collapse, covering the total value of work <br /> performed and equipment, supplies and materials furnished for the Project. Such <br /> insurance policies shall be issued by companies reasonably satisfactory to the <br /> City, and shall name the City as a coinsured. All such policies shall contain a <br /> provision that the same will not be cancelled or modified without a thirty (30) <br /> day written notice to the City. <br /> 2.14 Lien Waivers. All contracts for construction of the Project shall provide that all <br /> contractors and subcontractors shall furnish contractor's affidavits in the form provided <br /> by state statute and that waiver of liens be required for all payments made. <br /> 2.15 Rights of Inspection. During construction of the Project, the City or its designee shall <br /> have the right at any time and from time to time to enter upon the Project for the purposes <br /> of inspection. Inspection by the City of the Project shall not be construed as a <br /> representation by the City that there has been compliance with the Construction Plans or <br /> any building or life safety codes adopted by the City; or that the Project will be or is free <br /> of faulty materials or workmanship, or a waiver of any right the City or any other party <br /> may have against the Redeveloper or any other party for noncompliance with the <br /> Construction Plans, Preliminary Plans, building or life safety codes or any other <br /> ordinances of the City or the terms of this Agreement. <br /> ARTICLE III: CITY OBLIGATIONS <br /> 3.1 Public Investment. The City shall provide the Public Investment pursuant to Article IV <br /> below. <br /> 3.2 Zoning. It is contemplated by the City and the Redeveloper that the Project shall have a <br /> zoning classification which will permit the use of the Project as intended by this <br /> Agreement. <br /> City of Decatur/Jackson Ford Redevelopment Agreement 5 <br />