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6. OWNERSHIP OF DOCUMENTS AND EQUIPMENT. All documents prepared by <br /> the Consultant pursuant to this Agreement and related Services to this Agreement are intended and <br /> represented for the ownership of the City only. Any other use by Consultant or other parties shall <br /> be approved in writing by the City. If requested, Consultant shall deliver the documents to the <br /> City within fifteen (1 5) calendar days. <br /> 7. INSURANCE. Consultant shall, at its sole cost and expense, during the period of any <br /> work being performed under this Agreement, procure and maintain the following minimum <br /> insurance coverages to protect the City and Consultant against all loss, claims, damage and <br /> liabilities caused by Consultant, its agents, or employees, as indicated below: <br /> ❑ Comprehensive General Liability Insurance, including broad form <br /> contractual liability coverage for all operations, including, but not limited <br /> to, Premises/Operations, Products/Completed Operations, Contractual, <br /> Independent Contractors, Personal Injury and Property Damage liability <br /> with minimum limits of One Million Dollars ($1,000,000.00) per <br /> occurrence. <br /> ❑ Worker's Compensation, as required by the State of Florida Employer's <br /> Liability. <br /> ❑ Errors and Omissions Insurance: Professional Liability ("Errors and <br /> Omissions") insurance with minimum limits of One Million Dollars <br /> ($1,000,000.00) per occurrence. <br /> Insurance required of the Consultant shall be primary to, and not contribute with, any insurance or <br /> self-insurance maintained by the City. Such insurance shall not diminish Consultant's <br /> indemnification and obligations hereunder. The insurance policy(ies)shall be issued by companies <br /> authorized to do business under the laws of the State of Florida and acceptable to the City with a <br /> minimum A.M. Best rating of A-Excellent. Before any work under this Agreement is <br /> performed, and at any time upon request, Consultant shall furnish to the City certificates of <br /> insurance evidencing the minimum required coverage and shall be appropriately endorsed <br /> for contractual liability, with the City named as additional insured. All policies shall contain <br /> a waiver of subrogation endorsement. All policies and certificates shall be in forms and issued by <br /> insurance companies acceptable to the City Manager or his designee. All insurance policies and <br /> certificates of insurance shall provide that the policies may not be canceled or altered without thirty <br /> (30) days prior written notice to the City. Consultant shall also require and ensure that each of its <br /> sub-contractors providing services hereunder(if any)procures and maintains, until the completion <br /> of the services, insurance of the types and to the limits specified herein. ANY EXCEPTIONS <br /> TO THE INSURANCE REQUIREMENTS IN THIS SECTION MUST BE APPROVED IN <br /> WRITING BY THE CITY. <br /> • 8. TERMINATION AND REMEDIES FOR BREACH. <br /> A. If, through any cause within reasonable control, the Consultant shall fail to fulfill in <br /> a timely manner or otherwise violate any of the covenants, agreements or <br /> stipulations material to this Agreement,the City shall have the right to terminate the <br /> Services then remaining to be performed. Prior to the exercise of its option to <br /> terminate for cause, the City shall notify the Consultant of its violation of the <br /> particular terms of the Agreement and grant Consultant ten (10) days to cure such <br /> C6411-1617-040-PFM FINANCIAL ADVISORS.LLC 3 S 1 B <br />