Laserfiche WebLink
S j <br /> 4. In lieu of providing proof of insurance pursuant to City Council policy, <br /> CHEVRON agrees to maintain a self-administered claims program as described in Exhibit "C," <br /> attached and incorporated by reference. <br /> 5. CHEVRON shall require all subcontractors to procure and keep in force during <br /> the term of this License bodily injury liability and property damage liability insurance adequate <br /> to protect CITY, its officers, agents and employees against any liability resulting from injury <br /> or death of any person or damage to property in connection with the area, operation or condition <br /> of the Property. Such insurance shall be in the amount of$1,000,000 combined single limits <br /> for bodily injury or property damage. The limit of such insurance shall not limit the liability <br /> of CHEVRON. All insurance 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 shall obligate the insurance carriers to notify CITY in writing,not less than thirty(30) <br /> days prior to the cancellation thereof, or as any other change affecting the coverage of the <br /> policies. <br /> b. 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, CHEVRON shall properly seal and abandon the monitoring <br /> well according to the then prevailing state or local requirements for such abandonment <br /> procedures and return the property to its original condition including return of the surrounding <br /> soil to its original grade and replacement of sod. In the event CHEVRON fails to properly <br /> remove the monitoring well and restore the surrounding soil to its original condition upon notice <br /> from CITY, CITY shall have the right to take whatever actions are necessary to remove the well <br /> and restore the surrounding 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 />