- Description
-
execution of a Housing Agreement for the non-market rental housing development at 3460 Kalyk Avenue
The Owner, at its own cost, maintain throughout the term of the Housing Agreement, all
of the following insurance:
(a) “all risks” (including flood and earthquake) property insurance on all insurable
property and broad form boiler and machinery insurance in respect of the Lands
(the “Property”), and all objects owned, leased, or for which the Owner is legally
responsible, or operated by the Owner or by others on behalf of the Owner in the
Property or relating to or serving the Property, with reasonable deductibles, and
which insurance will cover all property owned or leased by the Owner or for which
the Owner is legally liable located on or about the Property, including but not
limited to, all buildings, structures, contents, and the Owner’s improvements, in an
amount not less than the full appraised replacement cost thereof and including a by-
law endorsement; and
(b) commercial general liability insurance written on an occurrence form with inclusive
limits of not less than Five Mil