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Placerita Canyon State Park Operating Agreement
(4) years. County shall be subject to State's audit requirements and remedies as
set forth herein.
10. UTILITIES AND SERVICES
County shall be responsible for all expenses resulting from utilities
supplied to the Premises. County shall be responsible for distribution systems
and all related expenses within the Premises.
11. INSURANCE
A. Liability Insurance: At its sole expense, County agrees to maintain
in force during the term of this Agreement comprehensive general liability
insurance, insuring against claims for injuries to persons or property occurring in,
upon, or about Premises. The insurance shall have limits of not less than ONE
MILLION DOLLARS ($1,000,000) for injuries to person or persons; not less than
ONE MILLION DOLLARS ($1,000,000) for property damage; and said limits shall
be per occurrence and shall be adjusted annually to reflect changes in the prior
year's Consumer Price Index (CPI).
B. Fire Insurance: Fire insurance with extended coverage
endorsements thereon on all improvements located on the Premises, whether
furnished by State or constructed upon the Premises by County and/or any
concessionaire, in an amount equal to the full replacement cost and/or value
thereof. This policy shall contain a replacement cost endorsement naming the
County and/or any concessionaire as the insured provided that if there is a lender
on the security of the improvements so insured, the proceeds of any such policy
or policies may be made payable to such lender.
C. State agrees that County, at County's option, may self-insure the
coverage’s required by this Section.
D. Each policy of liability insurance shall contain additional named
insured endorsements in the name of the State of California, through its
Department of Parks and Recreation, as to all insurable interests of the State
including, but not limited to, the Premises and all contents as follows:
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