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2004-133
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2004-133
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Last modified
5/1/2020 8:41:50 AM
Creation date
9/30/2015 7:36:58 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
06/08/2004
Control Number
2004-133
Agenda Item Number
11.I.2
Entity Name
Newport North Holdings LLC
Subject
Developer's Agreement Site Access and Stormwater Improvements
Area
North Lakes Subdivision 58th Ave.
Archived Roll/Disk#
3210
Supplemental fields
SmeadsoftID
3823
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• <br />This document prepared by and return to: <br />Indian River County <br />Public Works Department <br />1840 25th Street <br />Vero Beach, Florida 32960 <br />BDB/bm <br />(a) Worker's Compensation as required by the State of Florida. <br />Employers Liability of $100,000 each accident, $500,000 disease policy limit, and <br />$100,000 disease each employee <br />(b) General Liability $1,000,000 combined single limit per accident <br />for bodily injury and property damage. County shall be an additional insured. Auto <br />Liability $1,000,000 combined single limit per accident for bodily injury and property <br />damage for owned and non -owned vehicles. County shall be an additional insured. <br />(c) Professional Liability Insurance providing coverage for <br />intentional, reckless or negligent acts, errors, or omissions committed or alleged to <br />have been committed by Developer's Engineer with a limit of $500,000 per <br />claim/annual aggregate. <br />There shall be no more than $5,000 deductible per claim amount unless <br />approved by the County Risk Manager. Any deductibles or self-insured retentions <br />greater than $5,000 must be approved by the Risk Manager for Indian River County <br />with the ultimate responsibility for same going to the Developer. <br />3. Developer's insurance coverage shall be primary. <br />4. All above insurance policies shall be placed with insurers with a Best's <br />rating of no less than AV. The insurer chosen shall also be licensed to do business <br />in Florida. <br />5. The insurance policies procured shall be per occurrence policies or as <br />generally available on the open insurance market. <br />6. The Insurance Carriers shall supply Certificates of Insurance evidencing <br />such coverage to the Indian River County Risk Management Department prior to the <br />commencement of any work in a County right-of-way. <br />7. The insurance companies selected shall send written verification to the <br />Indian River County Risk Management Department that they will provide 30 days written <br />notice to the Indian River County Department of Risk Management of its intent to cancel or <br />terminate said policies of insurance. <br />8. A written safety inspection plan must be submitted to the Indian River <br />County Risk Management Department for approval prior to the commencement of any work <br />in a County right-of-way. <br />9. Developer shall include in all sub -contracts for sub -contractors the above <br />insurance requirement or show them as insured under its policies or shall furnish separate <br />certificates and endorsements for each sub -contractor. All coverages for sub -contractors <br />shall be subject to all of the requirements stated herein. <br />10. Up to $1 million Developer hereby agrees to indemnify Indian River <br />County and Representatives thereof from all claims ansing solely from intentional, reckless <br />or negligent acts, errors or omissions of the Developer or Developers' Representatives in the <br />performance of Services under this agreement and for which Developer is legally liable. <br />{M20752622}6 <br />C:\Documents and Settings\TRamm\My Documents\wordfiles\Florida\Bayer\North Lake SD -Developer's Agr-final.doc <br />
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