SR 05:331 - Laserfiche WebLink

(2) For vehicles ovvned by the corporation, automobile insurance covering all bodily injury and property liability incurred during the performance of this Agreement W'ith minimum coverage of $250,000 for property damage per accident, $500,000 for bodily injury for each person, and not less than $2,000,000 for bodily injury per accident; or $1,000,000 per accident combined single limit (CSL). (3) Workers' compensation insurance covering all the Corporation's employees. Said policies shall name City and Consenting Cities as an additional insured and shall constitute primary insurance as to City and Consenting Cities, and their officers, agents and employees, so that any other policies held by City or Consenting Cities shall not contribute to any loss under said insurance under the stated limits. Said policies shall provide for thirty (30) days prior -written notice to City of cancellation or material change. Certificates or other sufficient proof that these insurance provisions have been complied W'ith must be filed W'ith the City. Copies of said certificates shall also be submitted to the City, detailing proof of insurance requirements. J. Corporation Status. The Corporation shall perform its obligations under this Agreement and shall be responsible for any federal, state, and local taxes and fees applicable to payments made to the Corporation hereunder. The Corporation shall take all actions necessary to maintain itself as a corporation in good standing with the State of Califomia. Acting in the capacity of an independent contractor, the Corporation's employees and subcontractors are not City employees and are not entitled to or eligible for any benefits provided by the City. K. Assignment. The Corporation covenants and agrees that it W'ill not assign or transfer its rights or obligations under this Agreement, either in W'hole or part, W'ithout first obtaining the -written consent of the City; such consent must be granted or denied at the sole discretion of the City. Any attempt by the Corporation to assign or transfer its rights or obligations W'ithout such -written consent shall be null and void. L. Assets of the District. Pursuant to State laW', in the event that the District is disestablished or other-wise discontinued, then the existing assets shall only be used: (1) to pay the City any outstanding sums due to it from the District; and, (2) said assets shall be dispersed only to the ovvners of assessed lodging businesses in the District, in amounts proportionate to the amounts of assessments paid. M. Independent Contractor. Corporation (including the Corporations' employees) and the Corporation Executive Director are independent contractors and no relationship of employer-employee exists betW'een the parties hereto; and specifically betW'een the City, Consenting Cities and the Corporation Executive Director. Page 4 of8