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r <br />operation, and maintenance. The Borrower agrees to indemnify and <br />hold the State harmless from any liability as a result of the <br />State's interest in the project facilities and any other property <br />identified in paragraph B.S. above. The Borrower shall maintain <br />general liability insurance covering the management, operation, <br />and maintenance of the project until it completes repayment to the <br />State in at least the following amounts: <br />a. For any injury to one person in any single <br />occurrence, the sum of One Hundred Fifty Thousand Dollars <br />($150,000). <br />b. For any injury to two or more persons in any single <br />occurrence, the sum of Four Hundred Thousand Dollars <br />($400,000). <br />C. For any damage to property, the sum of Four Hundred <br />Thousand Dollars ($400,000) for each occurrence. <br />Said liability coverage shall be maintained through the <br />Borrower's self- insurance program. A copy of the <br />ordinance creating the Borrower's self- insurance program <br />and a letter of credit creating a reserve for the program <br />are attached and made a part hereof as Exhibit C. <br />7. Make the services of said project available within its <br />capacity and in accordance with its charter and all pertinent <br />statutes, rules and regulation perational guidelines to all <br />persons in the Borrower's without discrimination as <br />to race, color, religion, origin at reasonable charges <br />(including assessments, to for one or more <br />classes of service, in accor4l hedule of such charges <br />formally adopted by the w its City Council, as may <br />be modified from time to he Borrower hereby states and <br />affirms that the rate schedule adopted by the Water and Sewer <br />Board and the City Council in accordance with the Charter of the <br />Borrower shall provide for the generation of sufficient revenues <br />for: (1) the operation and maintenance of the water system; (2) <br />debt service requirements including repayment of the project loan <br />authorized by this contract; and (3) additions to a reserve <br />account to offset depreciation to the water system. The Borrower <br />may make such modification to the rate schedule as the Borrower <br />deems necessary to efficiently and economically provide for the <br />financial requirements of the system. The rate schedule shall <br />remain reasonable and non - discriminatory. <br />8. Adjust its operating costs and service charges at the <br />request of the State to provide for adequate operation and <br />maintenance, emergency repair services, obsolescence reserves, and <br />debt reserves and to assure repayment pursuant to this contract. <br />Page 4 of 10 Pages <br />