Agenda - 06-03-1985 - Laserfiche WebLink

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1.1•S interest in the building and the premises, and OPC shall carry fire and extended coverage insurance to insure its interest, if any, in improvements to or in the premises and its interest- in its office furniture, equipment, supplies and other personal property. OPC will also provide adequate liability insurance and Worker's compensation and professional liability coverage for itself, its employees, guests and contractors where appropriate. Orange County shall be named as an additional insured in all such contracts of liability insurance. a. Casualty insurance to be maintained by the County on the facilities shall be in the amount of the actual cash value of the facilities, shall be updated annnally, and shall name CPC as an additional insured party where appropriate. Upon partial or complete destruction of the facilities, insurance proceeds shall be used to replace the facilities so destroyed upon concurrence of the governing board of OPC. If the building is not replaced, insurance proceeds will first be used to repay to (DEC the full amount of its contribution to the facilities or its prorate share of the cash value of the building (whichever is smaller) . b. If, because of anything done, caused to be done, permitted or omited by OPC, the premium rate for any kind of insurance affecting the building shall be raised, OPC agrees that the amount of the increase in the premium which the County shall be thereby obligated to pay for such insurance shall be paid by CPC to the County on demand, and that if the County shall demand that OPC remedy the condition which caused the increase in the !II insurance premium rate, OPC will remedy such condition within a reasonable time period after such demand. OPC agrees that it shall not do, or causeto be done or permit on the premises any- - • rviwrinceac nf firp inAtIrm -