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R2002-134 AUTHORIZING PURCHASE OF LAND
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R2002-134 AUTHORIZING PURCHASE OF LAND
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1/15/2016 11:40:18 AM
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Resolution/Ordinance
Res Ord Num
R2002-134
Res Ord Title
AUTHORIZING PURCHASE OF LAND 356-366 NORTH MAIN STREET
Approved Date
7/15/2002
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8. Insurance Requirements. The Society shall obtain, at its expense, and <br /> keep in force during the term of this Lease, comprehensive general liability and property <br /> damage insurance in an amount of not less than $1,000,000 single limit, $2,000,000 <br /> aggregate, for bodily injury, death and property damage to any one person and subject <br /> to the same limitations for any one occurrence. The comprehensive general liability <br /> policy shall include coverages for premises and operations, a blanket contractual liability <br /> coverage which includes the indemnification agreement contained in the next preceding <br /> paragraph, broad form property damage, independent contractors and personal injury <br /> liability coverage. The policy issued for the aforedescribed coverages shall name the <br /> City of Decatur, Illinois, as an additional insured. Such insurance shall not be canceled <br /> prior to termination of this Lease. <br /> 9. Certificate of Insurance. Prior to the commencement of the terms of the <br /> Lease, the Society shall file with the City a Certificate of Insurance, in a form acceptable <br /> to the City, signed by an authorized agent of the insurance company or companies <br /> writing the insurance described in said Certificate showing complete coverage of all <br /> insurance required in this Lease. Such Certificate shall certify to the following: Name <br /> and address of party insured; name and address of authorized agent executing such <br /> Certificate; the description of the type of insurance, and the coverages afforded <br /> thereunder, the insurance policy numbers; the limits of liability of such policies and the <br /> date of expiration of such policies. Further, the insurance companies shall certify that <br /> such policies shall not be modified, canceled or terminated until after no less than thirty <br /> (30) days written notice to the City. The Certificate shall specifically state that (1) the <br /> insurance certified therein contains contractual liability coverage for the indemnity <br />
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