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Last modified
6/28/2024 11:23:45 AM
Creation date
9/30/2015 5:48:12 PM
Metadata
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Resolutions
Resolution Number
2009-072
Approved Date
05/19/2009
Agenda Item Number
11.A.
Resolution Type
Agreement
Entity Name
Dodgertown
Minor League Baseball (MiLB Vero Beach LLC – Pat O’Connor)
Subject
Facility Lease Agreement
Supplemental fields
SmeadsoftID
6298
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shall survive the expiration or earlier termination of this Agreement with respect to any claims or <br />liability arising in connection with any event occurring prior to such expiration or termination. <br />Section 14.05. Insurance. Commencing upon the Effective Date and throughout the <br />remainder of the Term and any renewals thereof, MiLB shall maintain, at their sole cost, the <br />following insurance: <br />(a) A commercial general liability insurance policy in an occurrence form <br />covering the insured against all bodily injury and property damage liability that may rise <br />or be claimed due to MiLB's use of the Facility in a minimum amount of coverage of One <br />Million Dollars ($1,000,000) for injuries to persons in one accident, One Million Dollars <br />($1,000,000) for injuries to any one person and One Million Dollars ($1,000,000) for <br />damages to property. The commercial general liability insurance policy in an occurrence <br />form shall also include contractual liability coverage including a Broad Form <br />Endorsement covering the insurance provisions of this Agreement and the performance <br />by MiLB of the indemnification provisions set forth in this Agreement. <br />(b) Special form (all risk) property insurance covering (t) the Facility, <br />including, but not limited to, any additional improvements undertaken by MiLB, in an <br />amount not less than one hundred (100%) percent of their actual replacement costs from <br />time to time existing during the Term of this Agreement, providing protection against any <br />peril included within the classification "all risks" of physical loss or damage, together <br />with insurance against sprinkler damage, vandalism, malicious mischief, and water <br />damage of any type and theft. The proceeds of such insurance shall be used for the repair <br />or replacement of the property so insured. <br />(c) All of the insurance policies required under Sections 14.05(a) and <br />14.05(b), above, shall be effected from insurance companies recognized by and licensed <br />in the State of Florida, and provide a Notice of Cancellation or material Coverage <br />Change provision of thirty (30) days' notice in favor of the County. MiLB shall provide <br />the County with a duly executed Certificate of Insurance for each such policy. MiLB <br />shall maintain the Certificate of Insurance on file with the County at all times during the <br />Term. The policies required under Sections 14.05(a) and 14.05(b), above, shall name the <br />County as an additional insured. <br />(d) If MiLB fails to furnish the Certificate(s) of Insurance as required above, <br />the County may, after notice and an opportunity to cure as set forth in this Agreement, <br />obtain the insurance, and the premiums on that insurance shall be deemed additional rent <br />to be paid by MiLB to the County on demand. MiLB shall be responsible for securing, at <br />their own expense, whatever insurance coverage they may desire on the contents of the <br />Facility. All Certificates of Insurance required by this Lease shall be provided on a <br />standard ISO form. <br />Page 24 of 29 <br />
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