Loading...
90-032 Thomas R. Franz; Improvement Agreement, APN 342-14-030; Reslolution No. 8238 AGREEMENT 10143 LOCKWOOD DRIVE APN N 342-14-030 • This AGREEMENT made and entered into this -5-- day of Septi acs , 19 9Z) , by and between the CITY OF • CUPERTINO, a municipal corporation of the State of California, hereinafter designated as CITY, and THOMAS R. FRANZ hereinafter designated as DEVELOPER. WITNESSETH WHEREAS, the DEVELOPER has made application to the CITY for a BUILDING PERMIT to construct and maintain a SINGLE FAMILY DWELLING hereinafter referred to as "Project." WHEREAS, CITY hereby approves the improvement plans and specifications prepared for the Project by NELSON ENGINEERING a true copy of which improvement plans and specifications are on file in the office of the City Engineer of Cupertino; and WHEREAS, the same are incorporated' herein by reference, the same as though set out in full; NOW, THEREFORE, said improvement plans and specifications shall be hereinafter called the "Plans," and the work to be done under the Plans shall be called the "Work." • FILE: 51,918 WHEREAS, pursuant to the provisions of this AGREEMENT, the CITY hereby established the amounts of Bonds, Fees, and Deposits as set forth in the following schedule: SCHEDULE OF BONDS, FEES AND DEPOSITS Street Improvement Category: PARE A. Faithful Performance Bond: FOUR THOUSAND EIGHT HUNDRED DOLLARS -AND NO/100 $4 ,800.00 PART B. Labor and Material Bond: FOUR THOUSAND EIGHT"HUNDRED DOLLARS AND NO/100 $4',800:00 PART C.. thecking.and Inspection Fee: TWO HUNDRED FORTY DOLLARS AND NO/100 $ 240.00 PART D. Indirect City Expenses: THIRTY SIX DOLLARS AND NO/100 $ 36.00 PART E. Development Maintenance Deposit: FIVE HUNDRED DOLLARS AND NO/100 $ 500.00 PART F. Storm Drainage Fee: TWO HUNDRED NINETY SEVEN DOLLARS AND NO/100 $ 297.00 PART G. One Year Power Cost: $ N/A PART H. Street Trees: By Developer PART I. Map Checking Fee: $ N/A PART J. Park Fee: $ N/A PART K. Water Main Reimbursement ONE THOUSAND FIVE HUNDRED THIRTY DOLLARS AND NO/100 $1,530.00 PART L. Maps and/or Improvement Plans: AS SPECIFIED IN ITEM 23 1 • NOW, THEREFORE, IT IS HEREBY MUTUALLY AGREED by and between the parties hereto as follows, TO WIT: 1. DEDICATION A. The DEVELOPER offers to dedicate the real property shown on Exhibit "A", which is attached hereto and made a part hereof by reference. Said dedicated property shall be free and clear of all liens or encumbrances except those which the CITY shall waive in writing. The DEVELOPER agrees not to revoke said offer of dedication, and to keep said offer open until the CITY accepts offer by resolution. B. Upon execution of this AGREEMENT the DEVELOPER agrees to deliver a properly executed grant deed to the CI'T'Y of the real property described in Exhibit "A", and such other executed conveyances, or instruments necessary to convey clear title as herein required. The DEVELOPER shall provide, at the DEVELOPER'S sole cost and expense, to the City: (1) A preliminary title report issued by a title insurance company relating to the property offered for dedication. (2) A standard policy of title insurance issued by a title insurance company and insuring the CITY in the sum of: N/A, and which shall show said property free and clear of all liens or encumbrances except those as the CITY shall expressly waive in writing; said policy shall be furnished at the time of acceptance of dedication and recordation of deed. C. Upon the condition precedent that the DEVELOPER shall perform each arra every covenant and clition of this AGREEMENT, the CITY agrees to accept said real property offered for dedication. 2. INSTALLATION OF WORK It is further agreed that: A. The DEVELOPER shall install and complete the Work within one (1) year from the date of execution of this OGRE ENT, or such longer period as may be specifically authorized in writing by the City Engineer. In the event the DEVELOPER fails or refuses to complete the Work within the specified period of time, the CITY, at its sole option, shall be authorized to complete the Work in whatever manner the CITY shall decide. In the event the CITY completes the Work, the CPT! may recover any and all costs incurred thereby from the DEVELOPER 'or the DEVELOPER'S surety or both. B. The DEVELOPER shall install and complete the Work in a good and workmanlike manner in accordance with the plans as approved by the City Engineer of Cupertino. The-Work shall be done in accordance with existing ordinances and resolutions of the CITY and in accordance with all plans, specifications, standards, sizes, lines, and grades approved by the City Engineer. The Work shall be done in accordance with all •State and County Statutes applicable hereto. The decision of the City Engineer shall be final as to whether any material or workmanship meets the standards, specifications, plans, sizes, lines and grades as set forth. C. It is further agreed that the Work shall be done in accordance with the most current Standard Specifications of the Department of Public Works, California Department of Transportation, State of California, and in accordance with the specifications of the Cupertino Sanitary District where applicable. Wherever the words "State" or "California Division of Highways" are Mentioned in the State Specifications, it shall be considered as referring to the CITY of Cupertino; also wherever the "Director" or "Director of Public Works" is mentioned, it shall be considered as referring to the City Engineer. In case of conflict between the State Specifications and the specifications of the CITY ardor the Cupertino Sanitary District, the specifications of the CITY and/or the Cupertino Sanitary District shall take precedence over and be used in lieu of such conflicting portions. 3. EXCAVATION PERMIT It is further agreed that the DEVELOPER shall comply with Section Three of Ordinance No. 130 of the CITY by obtaining an excavation permit from the City Engineer before the onmnerxxmnent of any excavation in, on, or under the surface of any existing public street, lane, alley, sidewalk, or other public place. It is further agreed that the DEVELOPER shall notify the City Engineer of the exact date and time when the proposed excavation is to commence. 4. QUITCLAIM DEED It is further agreed that the DEVELOPER, when requested by the CITY, shall quitclaim all his rights and interests in, and shall grant to CITY authorization to extract water from the underground strata lying beneath said project and DEVELOPER agrees to execute a "Quitclaim Deed and Authorization" in favor of CITY, when presented to him for signature. 5. BONDS AND OTHER SECURITY A. Upon the execution of this AGREEMENT,' the DEVELOPER shall file with the CITY a faithful performance bond to assure his full and faithful performance of this AGREEMENT. The penal sum of said faithful performance bond shall be the full cost of any payment to be made under this AGREEMENT, .the value of any lard agreed to be dedicated, and any improvements to be made under' this AGREEMENT. In the event that improvements are to be made under this AGRED4IWr, the DEVELOPER shall, in addition to said faithful performance, file with the CITY a labor and materials bond in a penal sum adequate to assure full payment of all labor and materials required to construct said improvements. The amount of said bowls shall be as designated by the City Engineer. Said bonds shall be executed by a surety ocupany authorized to transact a surety business in the State of California and must be approved by the City Attorney as to form and by the City Engineer as to sufficiency. In the event that the DEVELOPER shall fail faithfully to perform the covenants and conditions of this ACRE MENT, or to make any payment, or any dedication of lard, or any improvements herein requuired, the CITY shall call on the surety to perform this AGREEMENT or otherwise indenmify the CITY for the DEVELOPER'S failure to so do. B. In lieu of a'surety bond, the DEVELOPER may elect to secure this AGREEMENT by depositing with the CITY: 1. Cash; or, 2. A cashier's check, or a certified check payable to the order of the City of Cupertino; or, 3. A certificate of deposit, or instrument of credit meeting the requirements of Government Code Section 66499 (b) or • (c) . C. The amount of said cash, checks, certificate of deposit, or instrument of credit shall be as designated by the City Engineer, and shall be the equivalent to that which would have been required had the DEVELOPER furnished the CITY with a surety bond. In the event that the DEVELOPER shall fail faithfully to perform the covenants and conditions of this AGREQ*NP, or to make any payment, or any dedication of land, or any improvements herein .required, the CITY may apply the proceeds of said security thereto. D. No release of surety bond, cash deposit, check, or certificate of ' deposit, shall be made except upon approval of the City Council. E. Na interest shall be paid on any security deposited with the CITY. 6. Q ECKENG AND INSPECTION FEE It is further agreed that DEVELOPER shall pay any and all necessary direct expenses for inspection, checking, etc., incurred by CITY in connection with said Project, .and that DEVELOPER shall have deposited with CITY, prior to execution of this AGREEt4ENP, the amount as set forth herein at Page 2 (Part C) . Should construction coat vary materially frac the estimate from which said sum is calculated, the city Engineer shall notify DEVELOPER of any additional sum due and owing as a result thereof. 7. INDIRECT ECPENSES It is further agreed that DEVELOPER shall pay to CITY, prior ' to execution of this AGREEMENT, indirect expense allocable to processing these improvements, the amount as set forth herein at Page 2 (Part D) . 8. MAP CHECKING FEE • It is further agreed that the DEVELOPER shall deposit with CITY, prior to execution of this AGREESFNP, for office checking of final map and field checking of street monuments, in compliance with Section 4:1 of Ordinance No. 47 (Revised 12/04/61) of CPPV, the amount as set forth herein at Page 2 (Part I) . . • 9. DEVELOPMENT MAINTENANCE DEPOSIT It is further agreed that the DEVELOPER shall pay to the CITY, prior to execution of this AGREEMENT, the amount set forth herein at Page 2 (Part E) as a development maintenance deposit to insure proper dust control and cleaning during the construction period. The development maintenance deposit may be utilized for repairs of defects and • imperfections arising out of or due to faulty workmanship and/or materials appearing in said work during the period until release of the improvement • bonds by the CITY. Should the DEVELOPER c r plate the required repairs to the entire satisfaction of the CITY, the unused balance will be returned after the release of the improvement bonds. 10. STORM DRAINAGE FEE It is further agreed that the DEVELOPER shall deposit with the CITY, prior to execution of this AGREEMENT, a storm drainage charge in connection with said Project in accordance with the requirements established in Resolution 4422, March 21; 1977, in the anoint as set forth herein at Page 2 (Part F) . 11. WATER MAIN EXTENSION DEPOSIT The DEVELOPER further agrees to deposit with the CITY those sanies required to comply with "Policy on Water Main Extensions Work and Deposits" dated 9/30/77. The deposit shall be held by the CITY until said 'monies are needed to implement improvements outlined by the Director of iPublic Works or improvements outlined within the adopted Water Master Plan. The amount shown herein at Part K, Page 2, shall be the full amount due. 12. ONE YEAR POWER CUSP It is further agreed that the DEVELOPER shall pay to CITY prior to execution of this AGREEMENT, the amount as set forth herein at Page 2 (Part G) , which amount represents the poorer cost for street lights for one year. 13. THE INSTL ATION OF STREET TREES It is further agreed that the DEVELOPER shall, at such time as deemed appropriate by the City Enrginmeer, plant street trees in conformance with the standards of the City of Cupertino. Variety of tree shall be selected frau the City approved list. 14. PARK Fab It is further agreed -that the DEVELOPER shall pay such fees and/or dedicate such lard to the CITY, prior to execution, as is required within "Park Dedication Ordinance" Number 602, 1972, and which is further stipulated under Part J, Page 2 herein. • 14-A, PARK FEE ALOUS2'E2JT vIsICNS The value of the land used in establishing the "Park Fee" outlined herein on Page 2, Part 7, requires formal confirmation. The CITY shall employ a qualified local appraiser to provide a market value of the lard. The City will calculate the "Park Fee" based on the appraisal. The Developer agrees to pay for any deficiencyrwithin thirty. (30) days and the City agrees to refund overage within thirty (30) days. Adjustments shall be made prior to acceptance of the subdivision inq2ruvements. 15. i^_A+TVT NCE OF WORK • It is further agreed that the DEVELOPER shall maintain the Work until all deficiencies in the Work are corrected to conform to the Plans and the City standards and specifications for the Work. The DEVELOPER shall, upon written notice thereof, immediately repair or replace, without cost or obligation to the. City of Cupertino, and to the entire satisfaction of said CITY, all defects and imperfections arising out of or due to faulty workmanship and/or materials appearing in said .Work. 16. SANITARY iAY DISTRICT It is further agreed that the DEVELOPER shall file with CITY, upon execution of this ACRE ME T, a letter from the Cucertino Sanitary District stating that the DEVELOPER has entered into a separate ACREDIENT with the said District to install sanitary sewers to serve all lots within said Project and stating that a bond to insure full and faithful performance of the construction of the said sanitary sewers and to insure maintenance of said sanitary seder in conformance with, the provisions as set forth in Paragraph 15 above has been filed. 17. ' GOVERNMENT CODE It is further agreed that DEVELOPER shall file with CITY, upon • execution of this AGREEMENT, substantial evidence that all provisions of Section 66493, Article 8, Chapter 4 of the Government Code, pertaining to special assessments or harks, have been complied with. 18. CENTRAL rltt DISTRICT • It is further agreed that the DEVELOPER Shall file with the an, upon execution of this AGFA, a letter from the Central Fire Protection District of Santa Clara County, stating that the DEVEIDPER has entered into an Ate' with said District 'to install fire hydrants to serve said Project and stating that all necessary fees have been deposited with said District to insure installation and five (5) year rental fee of said hydrants. 19. PACIFIC GAS AND EFaaIC/PACLFIC BELS, • It is further agreed that the DEVELOPER shalli Electric Company and/or to PACIFIC FVTT, Pay to Pacific Gas and �Y any and all fees required for installation of overhead and/or u dergrotr wiring circuits to all • electroliers within said property ani any and all fees required for - • undetgro ixii g as provided in Ordinance No. 331 of CITY when DEVELOPER is • notified by either the City Engineer or the Pacific Gas and Electric Company and/or PACIFIC BELL Company that said fees are due and payable. 7 20. EASEMENTS AND RIGHT-OF-WAY It is further agreed that any easement and right-of-way necessary for completion of the Project shall be acquired by the DEVELOPER at his own cost and expense. It is provided, however, that in the event eminent domain proceedings are required by the CITY for the purpose of securing said easement and right-of-way, that the DEVELOPER shall deposit with CITY a sum covering the reasonable market value of the land proposed to be taken and to be included in said sum shall be a reasonable allowance for severance damages, if any. It is further provided that in addition theretosuch sums as may be required for legal fees and costs, engineering, and other incidental costs in such reasonable amounts as the CITY may require shall be deposited with the City of Cupertino. 21. HOLD I AMES'S It is further agreed that, commencing with the performance of the Work by the DEVELOPER or his contractor and continuing until the carpletion of ' the maintenance of the Work, the DEVELOPER shall indemnify, hold harmless and defend the CITY from and against any or all loss, cost, expense, damage or liability, or claim thereof, occasioned by or in any way whatsoever arising out of the performance or nonperformance of the Work or the negligence or .•willful misconduct of the DEVELOPER or the DEVELOPER'S agents, employees and independent contractors. 22. INSURANCE It is further agreed that: The DEVELOPER shall take cut, or shall require any contractor engaged to perform the Work to take out, and maintain at all times during the performance and maintenance of the Work called for or required to be done hereunder, a policy .of insurance naming the CITY and members of the City Council of the City of Cupertino, individually and collectively, and the officers, agents and employees of the City individually and collectively, as insured. Said separate policy .shall provide bodily injury and property damage coverage to the foregoing named CITY and individuals covering all the Work performed by, for, or on behalf of said DEVELOPER. Both bodily injury and property damage insurance must be on an occurrence basis; and said policy or policies shall provide that the coverage afforded thereby shall be primary coverage to the full limit of liability stated in the declarations, and if the city, its members of the City Council individually and collectively, and the officers, agents, and employees of the CITY, individually and collectively, have other insurance against the loss covered by said policy or policies, that other insurance shall be excess insurance only. The insurance carrier shall provide proof of their ratings. All ratings shall be a minimum of "Best A-7" in accordance with ABAG policies. • A. Each of said- policies of insurance shall provide coverage in the following minimum amounts: For bodily injury, $100,000 each person; $300,000 each occurrence, property damage, $50,000 on account of any one occurrence with an aggregate limit of not less than $200,000. B. The DEVELOPER shall file with the City Egineer at or prior to the time of execution of this AGREEKMTT by the DEVELOPER such evidence of said foregoing policy or policies of insurance as shall be satisfactory to said City Engineer. Each such policy or policies shall • bear an endorsement precluding the cancellation or reduction in coverage without giving the city Engineer at least ten (10) days advance notice thereof. C. In the event that the Project covered herein should be mutually situated in or affect the area• of jurisdiction of a separate municipality or political subdivision of the State of California, the policies of insurance required herein and above shall co-name such municipality or political subdivision and the provision set forth herein and above for the protection of the CITY shall equally apply to municipality and political subdivision. • 23. MAPS AND/OR Ih(PROVEF1fSIT PIANS • • It is further agreed that the CITY shall obtain the following map and/or plans at the DEVELOPER'S expense: A. A mylar sepia and seven (7) prints of fully executed parcel map. • B. A mylar sepia and ten (10) prints of fully executed improvement plans. C. A direct duplicating silver negative microfilm aperature card of all executed improvement plans and map. The DEVELOPER agrees to pay the CITY from the development maintenance deposit the oast for all prints of plans and map required under Item 23. 24. SUCCESSORS This AGREEMENT shall bind the heirs, administrators executors, successor, assignee and transferees of the DEVELOPER. The assignment of this AGREEMENT shall not be made without approval by the City Council of the City of Cupertino. • GENERAL ACRNCWLECGMT State of California • County of Santa Clara On this SU" anday of , in the year MI6 , before me, Roberta Ann Wolfe, the ..ersigned Notary Public, personally appeared • personally known to me t/Zproved to me on the basis of satisfactory evidence to be the person(s) w-xose name(s) DI subscribed to this instrument, and acknowledged that �i executed it. Witness my hand and official seal. /////� a-7GX9GU`Cc9Gc9Gc%GUCc�c.U�.U�^.`Uc�(Jci�Z�`cc2, /h/run" OFFICIAL SEAL '< ROB RTA ANN WOLFE . i``; .: NOTARY PUBLIC-CALIFORNIA C Ii, el SANTA CLARA COUNIT G UMy Commission Expires Juno 11,1993 .,. ,rmn:BOY,Oraaaoao4�Y:B GTaclacaG6 • • IN WITNESS WHEREOF, CITY has caused its name to be hereunto affixed by its Mayor and City Clerk, thereunto duly authorized by resolution of the City Council and said DEVELOPER has hereunto caused his name to be affixed the day and year first above written. • CPPV OF CUPER IIN�O: Approved as to form: 1/4SAP - 9i Mayor • City Attorneytr—Ge U z zJ up- City Clerk • • DEVELOPER: • Notary Acknowledgment Required • f 77M=ry 7.rvGJrr'hc J TCL .Roa—ori—R000 ocp oa ,'no 10 ,zz rvo ooz r oo eA11V • • (CJn^.r•inuca mi. rmpWMn un uCnlluJ, ir nni. I a''' I PROTECTOR PLUS ji ori., " - .� E FIRE INSURANCE EXCHANGE, LOS ANGELES, CALIFORNIA PolIonod . Declarations Relied __�__. Pmmc ai"'tx• finer'To: rCHANGE OF PROTcCTION Loan time.app ENT-OAVY W ACHER-=PH 406/371-4610' No- P S60-99799-1C for r . s To _'7 q� at 12 01 AR ndard Time at described residence premises Roo Cr. :Ngtt�hAre,thin we k- ' 'X4,48 PorcY peg',a4 tan":if we'elect to continue this insurance, we will i;'«� ,rc this policy If you'pay the required renewal premium for each sbccessivdd policy period subject to our premiums, rules and e-ibirtt % fun, roe in effect, You must pay us prior to the'end of the current policy perpd or else this policy will expire. II a mortgagee Is ' .111714W;n the Vali; we Will Continue this Insurance fat the mortgagee's interest for ten days atter written notice of termination to • -"VN tray,. _IL ' i , • 4. r wiM tatminate, • �__Policy Number Named `•, , c7MAS FRA amI' 90773 63 6s Insure G . o ' " .00 ppR Agent Mailing . U •ERTTNO CA 95014 Address° 96-g1-357 Locatioi u1r t Same as mailing address unless otherwise stated; Oescriiifiolt Premiseie.,- tnsured t • Mortgagee CITICORP MORTGAGE INC ITS •SOC gc 01qRS AND ASSIGNS •PO -ROX 7wwW10 -• ' -5^.1723? LOUIS NO 63179.0010 . . d ....4.;,. ; Vve provide insurance only for those coverages indicated by a specific limit or ether notation. • Aim' .,1 ` EUfl A ROT59177- - SHISINIIMEtt Y_ pQTHER I•- • f`'" "�'A- Dwelling I R • Separate C - Personal •0 - Loss •E- Personal F - Medical Pay EAR1'HLIUAKF +:y: or Mobile Home Structures Property 01 Use liability T Others ;':' ;..nr- 155 030 15,200 114,000 76, 000 300,001) 10000 each Vit, occurrence persnn •- 4. Consiru;.tion of Dwelling is: Additional Premises - Section II • Purpose of use is residential, unless stated other-vise -I • , Insured protection NERG Outboard Motors over 25 h.p. (Singly or Combined) - Section II i tumC W - MOTOR A ® MO10R O ► Premium Group: r._ , -rtrit�A PremiumTotalTotal Prepaid bjec to e I llo:4•ing j s and Endorsements 1 x rni( 31:m • Wet , Premium �.,.. 438bFUNS S-4b� A � 1 'iDedti b16 ,' I It eheckec here, a deductible of $250 applies to loss u�pB e G . A;B qr C $ 5 r7 xception: [� a p iIrlfe V a.loss under Cw, A, B,:Or e;We cover only that part ol the itotal llloss pverrlthe deductible stated. SibieStae ;ti,,;.! ric >_'+- �" ,P: s. `�rFor,L, i rxds Prosctor, Coverage'0 is-Loss of Rents, Coverage E is Business Labi!iht YEAR •til as:' MprtgAWriC T1CORP MORTGAGE INC 04 ervnce ince eYy.0 P 'U0# 79001C Place ol Issuance n r r saJ„ •Mailed 10 J S LOUIS MO 65179 ("''i P.O. OOXX 1897 t. I , 1114T,Cu' �PLEASANTON, CA 94566 !Date CB-=a-90, r riUV4.r.OtHCKER I '' 4 'This N citations page is part of your policy, It supersedes and controls anythin to the contrary, It is otherwise subject to all other term,..„. of ,_ .. , AGENT'S COPY" i . ,. . . .. ,. STATE _GUAR.. 9UND ._ 901 Countersigned. 1&411212 elo-a ' •Ste Meese side fox Lender's kiss Payable'End. 1''.DETAbH HERE'iAuthorized Representative ;•-0,r, MAKE CHECK OR MONEY ORDER PAYABLE TO: FIRE INSURANCE EXCHANGE XXX PLEASE WRITE YOUR POLICY NUMBER ON CHECK Pony Nurnher ' From Ott-14-90 To u6-37-91 at 12 01 AM Standard lime at described residence premises F 90773 a 63 ` Loan No,: 56O-99799-1G Agent j •- ,la a37 P d �0 Remittance T o:. PL5ZSANTON CA 94566 c ` 0 79L3969077283630308900000 ¶3 Named THOMAS FRANZ ETAL Premium 5 303.A0 Insured & 10143 LOCKWOOD DA Memb. For Pal.F€ $ Mailing CUPERTINO CA 95014 ST GUAR C PREY E+AL 5 49=• =0 Address Payments or Credits $ Mel. ..C C R • Credit For Existing Ins. $ �,.�:.., Toldt CUE ►S 308.90 4 }a -' '1 - • INVOICE it' I i-msmnA [_premium is paid annually h M id.oana7c° enk�se "%'d" here. INVOICE PLEASE RETURN WITH PAI�MENT A "total" balance or molt $5.00 or ks I wte he app!ed to vour next billing, FIRE I n n C n o m n o v rt r n c o T p L. 1 0 0-o 1- o v v 00 p 00 ,r0 1v • Ao. M0 .000 1- .v= n " a Or, LORA . FORM 199-$Z (Nov, 1957) A ENDORSEMENT DATED Atrion¢o TO POLICY HO. NA141101,INSUAANCG COMTANY 9-5-90 ANUFOaMIHO 90773 83 63 FIRE INSURANCE EXCHANGE PANT er ISSUED To t: THOMAS FRANZ ETAL 10143 LOCKWOOD DR CUPERTINO CA 95014 NSGPCP'{HANG• .MAILING AODAMI ADGNCY AT {IGNEpp 2242 CAMDEN AVE //7 SAN JOSE CA 95124 AGENT COMMENCEMENT OF POLICY tNPIhATION OF POLICY cFFECTIVE DATE OF tHis CNOOREEMENT 6-21 -90 UNTIL CANCELLED 9-5-90 AMOUNT OF INeURANCEP4rrPER146 OLD RATE NEW MATS ADDITIONAL PREMIUM NET°SN AREMIUM P1II} -- .-- CCN IT IS HEREBY UNDERSTOOD AND AGREED THAT THE tri b4f tic? C� a 8 aF e•dt P `roi �`cep �{�q' � 4�`` At' Q QA�. O o i, 2, 'Cr ec *Oo os? °{o`4 ❑ 0 ❑ ❑ ❑ ❑ ❑ ❑ ❑ ❑ ❑ IS CORRECTED OR CHANGED TO READ AS FOLLOWS EXTEND LIABILITY TO : THE CITY AND MEMBERS OF THE CITY COUNCIL OF THE CITY OF CUPERTINO INDIVIDUALLY AND COLLECTIVELY AND THE OFFICERS, AGENTS AND THE EMPLOYEES OF THE CITY INDIVIDUALLY AND COLLECTIVELY. ' FIRE INSURANCE EXCHANGE HAS A BEST RATING OF A—EXCELLENT INCLUDES 10 DAY NOTICE OF CANCELLATION TO CITY OF CUPERTINO . {Consent by Insured *Consent by MDrtgagre or Payee •Not required unless policy is reduced or restricted by this endorsement. C