1113.17 INSURANCE.

   The developer shall indemnify and save harmless the City against and from any and all loss, cost, damage, liability and expense on account of damage to property of, injury to or death of, the City and any of its employees, agents or representatives or any third person, caused by or growing out of or in any way whatsoever attributable to the construction of such improvements and the use of the street delineated on the subdivision plat during construction. The developer further agrees, but without limiting its liability, to indemnify the City, to carry liability insurance contracts with any insurance company or companies acceptable to the Law Director during the period of such construction in the sum no less than one million dollars ($1,000,000.00) per person and three million dollars ($3,000,000.00) per aggregate occurrence for injury to or death of persons, and in the sum of five hundred thousand dollars ($500,000.00) for damage to or destruction of property, which insurance contracts shall include the City as a named insured. The developer agrees to maintain on file with the City during the period of such construction, certificates or memoranda of insurance as evidence that such insurance contracts are in force.
(Ord. 2006-54. Passed 12-12-06.)