The developer of a major subdivision, planned unit development, commercial, or industrial project agrees to indemnify and save harmless the Municipality, during construction, against and from any and all loss, cost, damage, liability and expense on account of damage to property of, or injury to or death of, the parties hereto or third person, caused or growing out of, or in any way whatsoever attributable to the construction of the improvements, and/or the use of any street, which may be delineated in the construction documents. The developer further agrees, but without limiting its liability to indemnify the Municipality, to carry liability insurance contracts in the sum of five hundred thousand dollars ($500,000.00) to one million dollars ($1,000,000.00) for injury to or death of persons, and in the sum of fifty thousand dollars ($50,000.00) for damage to or destruction of property, which insurance contracts shall include the Municipality as a named insured. The developer agrees to maintain on file with the Municipality, during the period of such construction, certificates or memoranda of insurance evidencing that such insurance contracts are in force.
(Ord. 2635. Passed 1-13-11.)
(Ord. 2635. Passed 1-13-11.)