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14-193.00 Splash-Down ConcessionsOFFICE OF THE CITY ATTORNEY CARY P. DRISKELL — CITY ATTORNEY ERIK J. LAMB — DEPUTY CITY ATTORNEY 11707 East Sprague Avenue Suite 103 • Spokane Valley WA 99206 509.720.5105 ♦ Fax: 509.688.0299 • cityattorney@spokanevalley.org 2014 AMENDMENT TO THE SPLASH -DOWN CONCESSIONS, INC. AGREEMENT EXECUTED MAY 19, 2009, AND AMENDED JUNE 7, 2012 (1) The City of Spokane Valley entered into a lease agreement with Splash -Down Concessions, Inc. (the 2009 Agreement) on May 19, 2009 for use of certain park property located at Mission Park. The parties agreed to changes in the 2009 Agreement, which shall be referred to as the 2012 Amendment to the Splash -Down Concessions, Inc. Agreement (the 2012 Amendment) regarding repayment of past due lease amounts, as well as amending the yearly lease rates. (2) The City and Slash -Down Concessions, Inc. (Splash -Down) agree to amend Section 13B of the 2009 Agreement so that the minimum insurance required for commercial general (CG) liability is reduced from $1 million per occurrence/$3 million aggregate to the revised to $1 million per occurrence/$2 million aggregate. As such, Section 13 of the 2009 Agreement is amended as follows: Section 13. Insurance. The LESSEE shall procure and maintain for the duration of the Agreement, insurance against claims for injuries to persons or damage to property which may arise from or in connection with the LESSEE's operation and use of the leased Premises. No Limitation. LESSEE's maintenance of insurance as required by the agreement shall not be construed to limit the liability of the LESSEE to the coverage provided by such insurance, or otherwise limit the CITY's recourse to any remedy available at law or in equity. A. Minimum Scope of Insurance Lessee shall obtain insurance of the types described below: 1. Commercial General Liability insurance shall be written on Insurance Services Office (ISO) occurrence form CG 00 01 and shall cover premises and contractual liability. The CITY shall be named as an insured on LESSEE's Commercial General Liability insurance policy using ISO Additional Insured -Managers or Lessors of Premises Form CG 20 11 or a substitute endorsement providing equivalent coverage. 2. Property insurance shall be written on an all risk basis. B. Minimum Amounts of Insurance LESSEE shall maintain the following insurance limits: 1. Commercial General Liability insurance shall be written with limits no less than $1,000,000 each occurrence, $32,000,000 general aggregate. 2. Property insurance shall be written covering the full value of LESSEE's property and improvements for their full replacement value with no coinsurance provisions. C. Other Insurance Provisions The insurance policies are to contain, or be endorsed to contain, the following provisions for Commercial General Liability insurance: 1. The LESSEE's insurance coverage shall be primary insurance as respect the City. Any Insurance, self-insurance, or insurance pool coverage maintained by the CITY shall be excess of the LESSEE's insurance and shall not contribute with it. 2. The LESSEE's insurance shall be endorsed to state that coverage shall not be cancelled by either party, except after thirty (30) days prior written notice by certified mail, return receipt requested, has been given to the CITY. D. Acceptability of Insurers Insurance is to be placed with insurers with a current A.M. Best rating of not less than A:VII. E. Verification of Coverage LESSEE shall furnish the CITY with original certificates and a copy of the amendatory endorsements, including but not necessarily limited to the additional insured endorsement, evidencing the insurance requirements of the LESSEE. (3) All remaining sections of the 2009 Agreement, as amended by the 2012 Amendment, remain in effect. Dated: l U ?/ Mike Jackso , ity Manager