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(K)The Zoneandthe Authority shall use commercially reasonable effortsto <br />cause each Taxing Unit to collect all ad valorem taxes due on property located within the <br />Zone and shall use commercially reasonable effortsto cause such Taxing Units to deposit <br />all tax increments due with the City for transfer to the Tax Increment Revenue Fund <br />pursuant to the Tri-Party Agreement. <br />ARTICLE 7 <br />INSURANCE; RELEASE <br />7.1Insurance. With no intent to limit any contractor’s liability or obligation for <br />indemnification, the Developer shall require thateach contractor providing work or service on <br />the Public Improvements provide and maintain certain insurance in full force and effect at all <br />times during the construction of the Public Improvements and shall require that the City, the <br />Authority, and the Zone are named as additional insured’s under such contractor’s insurance <br />policies. <br />The insurance, at a minimum, must include the following coverage’s and limits of <br />liability: <br />CoverageLimit of Liability <br />Worker’s CompensationStatutory <br />Employer’s LiabilityBodily Injury by Accident $100,000 (each accident) <br />Bodily injury by Disease $500,000 (policy limit) <br />Bodily injury by Disease $100,000 (each employee) <br />Comprehensive General Liability: Bodily Injury and Property Damage, Combined <br />Including Broad Form Coverage, Limits of $500,000 each Occurrence and $1,000,000 <br />Contractual Liability, Bodily and Aggregate <br />Personal Injury, and Completed <br />Operations (for a period of one year after <br />completion of work) <br />Automobile Liability Insurance (for $500,000 Combined Single Limit per Occurrence <br />automobiles used in performing under <br />this Agreement, including Employer’s <br />Non Ownership and Hired Auto <br />Coverage) <br />Professional Liability Coverage (for $500,000 per occurrence $1,000,000 aggregate <br />professional service contract only) <br />Defense costs are excluded from the face amount of the policy. Aggregate Limits are per <br />12 month policy period unless otherwise indicated. <br />If the amount of any contract awarded by Developer to construct the Public Improvements shall <br />exceed $1,000,000, Developer shall contract with the contractor to maintain Commercial General <br />12 <br />HOU:3372249.1 <br /> <br />