OPA: Grimshaw House - City of Anaheim

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statutes and Employers’ Liability Insurance in an amount not less than One Million Dollars ($1,000,000); (B) Commercial General Liability Insurance, including coverage for Contractual Liability, Personal Injury Liability, Products/Completed Operations Liability, Broad-Form Property Damage and Independent Contractor's Liability, in an amount of not less than Three Million Dollars ($3,000,000.00) per occurrence, combined single limit, written on an occurrence form; (C) Comprehensive Automobile Liability coverage, including - as applicable - owned, non-owned and hired autos, in an amount of not less than One Million Dollars ($1,000,000.00) per occurrence, combined single limit, written on an occurrence form; and 601.2 Insurance Coverage Required Prior to Construction and Until the Issuance of the Release of Construction Covenants. Prior to commencing the Construction and until the issuance of the Release of Construction Covenants, Developer shall secure and maintain the following insurance coverage: (A) “All risk” builder’s risk (course of construction) insurance covering one hundred percent (100%) of the replacement cost of the Housing Units in the event of fire, lightening, windstorm, vandalism, earthquake (if available at commercially reasonable rates), malicious mischief and all other risks normally covered by “all risk” builder’s risk policies in the area where the Site is located (including loss by flood if the Site is in an area designated as subject to danger of flood). 601.3 Insurance Coverage Required After the Issuance of the Release of Construction Covenants and Until the Recordation of the Release of Memorandum of Agreement. Promptly upon the issuance of the Release of Construction Covenants and until the recordation of the Release of Memorandum of Agreement, Developer shall secure and maintain the following insurance coverage: (A) “All risk” property insurance covering one hundred percent (100%) of the replacement cost of the Housing Units for which an Initial Sale has not occurred in the event of fire, lightening, windstorm, vandalism, earthquake (if available at commercially reasonable rates), malicious mischief and all other risks normally covered by “all risk” property policies in the area where the Site is located (including loss by flood if the Site is in an area designated as subject to danger of flood). (B) Business interruption and extra expense insurance to protect 46
Developer and Agency covering loss of revenues and/or extra expense incurred by reason of the total or partial suspension or delay of, or interruption in, the sale of the Housing Units caused by loss or damage to, or destruction of, any part of the insurable real property structures or equipment as a result of the perils insured against under all under the all risk physical damage insurance, covering a period of suspension, delay or interruption of at least twelve (12) months, in an amount not less than the amount required to cover such business interruption and/or extra expense loss during such period. 601.4 Agency’s Authority to Reduce Coverage. The Executive Director, with the consent of the City’s Risk Manager, is hereby authorized to reduce Developer’s insurance requirements set forth above in the event they determine that such reduction is consistent with reasonable commercial practices. 601.5 Required Clauses and Provisions in Policies. Each insurance policy required by this Agreement shall contain the following clauses or shall otherwise provide for the following conditions: “This insurance shall not be canceled, limited in scope or coverage, or nonrenewed until after thirty (30) days prior written notice has been given to Anaheim Redevelopment Agency Secretary, 200 S. Anaheim Boulevard, Anaheim, CA 92805, except in the event of cancellation for non-payment of premium which shall provide for not less than ten (10) days notice.” “It is agreed that any insurance maintained by the Anaheim Redevelopment Agency shall apply in excess of and not contribute with insurance provided by this policy.” “It is agreed that each insurance policy shall provide for a waiver of subrogation for the benefit of the Anaheim Redevelopment Agency.” “The Anaheim Redevelopment Agency and its officers, employees, agents, representatives and designated volunteers shall, by endorsement, be named as additional insureds with respect to the General Liability Insurance.” In addition, each insurance policy required by Sections 601.5 and 601.5 of this Agreement shall contain the following clauses or shall otherwise provide for 47
Page 1 and 2: DISPOSITION AND DEVELOPMENT AGREEME
Page 3 and 4: 400. DEVELOPMENT OF THE SITE. .....
Page 5 and 6: 804. Assignment by Agency. ........
Page 7 and 8: DISPOSITION AND DEVELOPMENT AGREEME
Page 9 and 10: for the applicable Anaheim’s Home
Page 11 and 12: (vii) One Hundred Forty-Four Thousa
Page 13 and 14: “Developer’s Due Diligence Peri
Page 15 and 16: (Carpenter-Presley-Tanner Hazardous
Page 17 and 18: “Notice” shall mean a notice in
Page 19 and 20: all, of the Tract Map, and (iii) co
Page 21 and 22: DIFFICULT TO ESTIMATE OR FIX THE AM
Page 23 and 24: Until the Closing, Developer shall,
Page 25 and 26: In the event that Developer deliver
Page 27 and 28: ownership or operation of the Site,
Page 29 and 30: (B) The Parties to the Escrow joint
Page 31 and 32: Agency’s ten (10) day election pe
Page 33 and 34: (v) Execution of Documents. Develop
Page 35 and 36: the Escrow and this Agreement. If e
Page 37 and 38: h. Detailed schedule of interior an
Page 39 and 40: and the Site. Agency staff will wor
Page 41 and 42: 408. Financing of the Developer Imp
Page 43 and 44: Improvements, or any portion thereo
Page 45 and 46: the time periods set forth in Secti
Page 47 and 48: c. Clean-up maintenance shall inclu
Page 49 and 50: (A) Recordation of Declaration of C
Page 51: calculated. 505. Effect of Violatio
Page 55 and 56: 601.8 Obligation to Repair and Rest
Page 57 and 58: (b) one or more of Agency’s Condi
Page 59 and 60: commenced by Developer against Agen
Page 61 and 62: 805. Successors and Assigns. All of
Page 63 and 64: 906. Counterparts. This Agreement m
Page 65 and 66: “A general release does not exten
Page 67 and 68: State of California ) ) ss. County
Page 69 and 70: ATTACHMENT NO. 2 LEGAL DESCRIPTIONS
Page 71 and 72: terms, conditions, provisions and c
Page 73 and 74: set forth in Section 704 of the Agr
Page 75 and 76: occurs: a. pay and discharge the sa
Page 77 and 78: State of California ) ) ss. County
Page 79 and 80: ATTACHMENT NO. 4 PROJECTED CLOSING
Page 81 and 82: 2.1 Insurance. Brookfield shall sec
Page 83 and 84: California Health and Safety Code,
Page 85 and 86: John E. Woodhead, Assistant City At
Page 87 and 88: IN WITNESS WHEREOF, the Parties hav
Page 89 and 90: EXHIBIT A MAP (to be provided; to d
Page 91 and 92: Section 3. Nondiscrimination. Grant
Page 93 and 94: performed, kept, or observed by Gra
Page 95 and 96: ATTACHMENT NO. 7 SCHEDULE OF PERFOR
Page 97 and 98: ATTACHMENT NO. 9 RELEASE OF CONSTRU
Page 99 and 100: IN WITNESS WHEREOF, AGENCY HAS EXEC
Page 101 and 102: ATTACHMENT NO. 10 DECLARATION OF CO
Page 103 and 104:
C. In accordance with Section of th
Page 105 and 106:
EXHIBIT A TO ATTACHMENT NO. 11 A LE
Page 107 and 108:
C. In accordance with Section of th
Page 109 and 110:
EXHIBIT A TO ATTACHMENT NO. 11 B LE
Page 111 and 112:
(defined in (iv) below), provided,
Page 113 and 114:
and Option Prices are charged (but
Page 115 and 116:
3. Agency may one (1) time within s
Page 117 and 118:
EXHIBIT 2 TO ATTACHMENT NO. 12 TO A
Page 119:
Plumbing Fixtures HVAC Electrical &
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OPA: Grimshaw House - City of Anaheim

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