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ARTICLE 6 INSURANCE 6.1 The Owner will insure, or cause to be insured, the Non-Market Rental Units to the full replacement cost thereof against perils normally insured against by reasonable and prudent owners of similar buildings and lands in Burnaby and those additional policies set out in Appendix B attached hereto. 6.2 Upon request, the Owner will provide to the City proof of insurance coverage required by section 6.1 of this Agreement.

ARTICLE 6 INSURANCE 6.1 The Owner will insure, or cause to be insured, the Non-Market Rental Units to the full replacement cost thereof against perils normally insured against by reasonable and prudent owners of similar buildings and lands in Burnaby and those additional policies set out in Appendix B attached hereto. 6.2 Upon request, the Owner will provide to the City proof of insurance coverage required by section 6.1 of this Agreement.

PART 5: DESIGN AND PROVISION OF WORKS AND SERVICES 5.1 Subject to section 6.1, the responsibility for and cost of designing, constructing, providing, altering or replacing works and services as required by this bylaw and any applicable servicing agreement shall be borne by the owner. 5.2 Subject to section 6.1, prior to the approval of a subdivision or the issuance of a building permit for a development, as applicable, the owner shall, at the sole cost of the owner: (a) submit an application to the City in respect to the works and services required by this bylaw for the subdivision or development; (b) pay all applicable fees set out in the Burnaby Consolidated Fees and Charges Bylaw; (c) provide such information, documents and materials as may be required by the General Manager Engineering which, in the opinion of the General Manager Engineering, are required to process and approve the application; (d) enter into a servicing agreement with the City; and (e) deposit security in the amount determined by the Approving Officer, Servicing Officer or Chief Building Inspector, after consultation with the General Manager Engineering, having regard to the cost of installing and paying for the works and services required by this bylaw and secured by the servicing agreement.

ARTICLE 6 INSURANCE 6.1 The Owner will insure, or cause to be insured, the Rental Units and all buildings and structures within the Remainder Parcel to the full replacement cost thereof against perils normally insured against by reasonable and prudent owners of similar buildings and lands in the City of Burnaby and those additional policies set out in Appendix B attached hereto. 6.2 Upon request, the Owner will provide to the City proof of insurance coverage required by Section 6.1 of this Agreement.

ARTICLE 7 INSURANCE 7.1 The Owner will insure, or cause to be insured, the Required Inclusionary Units and all buildings and structures within the Rental Air Space Parcel to the full replacement cost thereof against perils normally insured against by reasonable and prudent owners of similar buildings and lands in Burnaby and those additional policies set out in Appendix B attached hereto. 7.2 Upon request, the Owner will provide to the City proof of insurance coverage required by section 7.1 of this Agreement.

ARTICLE 7 INSURANCE 7.1 The Owner will insure, or cause to be insured, the Required Inclusionary Units and all buildings and structures within the Rental Air Space Parcel to the full replacement cost thereof against perils normally insured against by reasonable and prudent owners of similar buildings and lands in Burnaby and those additional policies set out in Appendix B attached hereto. 7.2 Upon request, the Owner will provide to the City proof of insurance coverage required by section 7.1 of this Agreement.

ARTICLE 7 INSURANCE 7.1 The Owner will insure, or cause to be insured, the Required Inclusionary Units and all buildings and structures within the Rental Air Space Parcel to the full replacement cost thereof against perils normally insured against by reasonable and prudent owners of similar buildings and lands in Burnaby and those additional policies set out in Appendix B attached hereto. 7.2 Upon request, the Owner will provide to the City proof of insurance coverage required by section 7.1 of this Agreement.