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110 40 <br /> Note. PLEASE COMPLETE INSURANCE AGENT'S NAME,ADDRESS, CITY,STATE, ZIP AND TELEPHONE IN FULL. <br /> Bank of America,N.A. <br /> INSURANCE AUTHORIZATION LETTER <br /> Insurance Agent Name: Bickmore Risk Services Attn: Mindy Yang <br /> Address: 1750 Creekside Oaks Drive, Suite 200 <br /> Sacramento, CA 95833 <br /> Phone: (916) 244-1180 Fax: (916)244-1199 <br /> Re: City of Pleasanton,CA <br /> The insurance coverages listed below are required to cover the interests of the named Secured Parties and their Assigns <br /> (indicated below)in the Equipment leased and located as per the attached Exhibit A. You are therefore hereby authorized <br /> and instructed to provide each of the Secured Parties and their Assigns the coverages described below. <br /> Evidence of insurance in the form of a Certificate is acceptable until the required formal Endorsements are issued. The <br /> Certificate(s) will not be acceptable unless all required endorsements are clearly stated. If you have any questions <br /> concerning the coverages,please notify Bank of America,N.A. at(770)270-8448. <br /> In Description Box of Each Certificate Please Make This Notation: Re: Master Equipment Lease/Purchase <br /> Agreement dated April 21,2005,and all Schedules of Property thereto between City of Pleasanton,CA and Bank of <br /> America,N.A. <br /> Please forward the required Certificate(s)and Endorsements immediately to each of the following Secured Parties: <br /> Bank of America,N.A. <br /> and its assigns as their interest may appear <br /> 2059 Northlake Parkway,and FL North <br /> Tucker,GA 30084 (Phone 770-270-8490 Fax 770-270-8454) <br /> Comprehensive General Liability Coverage: <br /> a. Limits of at least$ 1,000,000 per occurrence/$3,000,000 in the aggregate for bodily injury and property <br /> damage coverage,and excess liability umbrella coverage of at least$5,000,000. <br /> b. An Endorsement naming each of the above named Secured Parties and Its Assigns as an Additional Insured in <br /> so far as this Equipment is concerned. <br /> c. An Endorsement giving each of the above named Secured Parties and Its Assigns at least thirty(30)days <br /> written notice of any cancellation,reduction or alteration of coverage. <br /> All Risk Physical Damage(Property)Coverage: <br /> a. All Risk coverage for not less than the Total Equipment Cost of$79,701.75 <br /> b. A long form endorsement naming each of the above named Secured Parties and Its Assigns as"Additional Insured" <br /> and"Loss Payee"in so far as this Equipment is concerned. <br /> c. An Endorsement giving each of the above named Secured Parties and Its Assigns at least thirty(30)days written <br /> notice of any cancellation,reduction or alteration of coverage. <br /> Each Certificate issued hereunder must confirm that Secured Parties and Their Assigns coverage under and interest in the <br /> relevant policy shall not be invalidated or otherwise adversely affected by any breach by Lessee or others of any <br /> warranty,declaration,representation or condition contained in such policy. <br /> LESSEE: City of Pleasant n, <br /> By: /4✓ V <br /> Name: Nelson Fialho <br /> Title: City Manager <br /> Date: l 2�l <br />