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12/08/93 16:51 FAX 916 372 8781 GROUNDWATER TECH 004 <br /> ~ Proof of fiance P City Council policy, <br /> 4- In lieu ol�oviding p ,r,, <br /> CHEVRON agrees to maintain a self a4lo nistered claims program as described in exhibit"C," <br /> ranched and incorporated by reference. <br /> CHEVRON sha€l require all subcontractors to procure and keep in force during <br /> the, term of tb.is License bodily injury liability and property damage liability insurance adequate <br /> to protect CITY, its officers; agents and employees against any <br /> liability resulting from injury <br /> or death of any person or damage to PrOPe�' m coanect'ou��the area, Operation or condition. <br /> b3surance shall be in the amount of$1,000,Mo combined single Limits <br /> Of the Propert7'• Such <br /> imit the liability <br /> for bodily injury or property damage. The limit of such iusurance shall not l <br /> of CHEVRON. All insura=e hereunder shall be with companies to be approved by CITY. Said <br /> policies shall name the City of Stockton as an additional insured by separate endorsement and <br /> shall insure against contingent liabilities, if any,-of CITY and officers,.agents and employees of <br /> CITY and shalt obligate tine ixe►uraz�ce Barriers to notify CITY in writing,not less than thirty ( 0} <br /> days prior to the cancellation thereof, or as any other change affecting the coverage of the <br /> policies. ~ <br /> 6, In consideration. of the license granted herein, CHEVRON shall conduct its <br /> environmental investigation.:and/or remediation as required by law,'at its sole cost and expense. <br /> 7. Upon termination, CHEVMON Sball properly seal and abandon the monitoring <br /> well according to the thea prevailing state or local requirements for such abandorxment <br /> procedures and return the property-to its Ori gztra€condition including return of the surrounding <br /> soil to its original grade and replacement of sod. In the event CHEWRON fails to properly <br /> remove the monitoring well and restore the surrounding soil to its original condition,upon notice <br /> from CITY, CITY sball have the right to take whatever actions are necessary to remove the well <br /> and restore the surrouliding soil and CITY and CHEVRON agree that CITY shall recover such <br /> expenses from CHEVRON which CHEVRON shall pay promptly upon request. <br /> Page 2 <br />