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<br />3. Require all Construction Firms and their subcontr.actors <br />to indemnify the St~te and the Contractor against all liability <br />and loss, and against all claims and actions based upon or <br />arising out of damage or injury, including death. to persons or <br />property caused by or sustained in connection with the <br />performance of any contract or by conditions created thereby, <br />or based upon any violation of any statute, ordinance, or <br />regulation. and the defense of any such claims or actions. <br /> <br />4. Require all Construction Firms and their subcontractors <br />to maintain the fOllowing: <br /> <br />a. Workmen's compensation and employers' liability <br />insurance. <br /> <br />b. Automobile liability insurance for all vehicles. <br /> <br />c. Comprehensive general liability insurance in at <br />least the fOllowing amounts: <br /> <br />(1) For any injury to one person iJl any single <br />occurrence, the sum of (o'ive Hundred Thousand <br />Dollac5 ($500,000), <br /> <br />(2) For any injury to two or more persons in any <br />single occurrence. the sum of One Million 001lar6 <br />($1.000,000) , <br /> <br />Said liability insurance shall name the Contractor and <br />the State as co-insureds. No payments shall be made <br />under this contract unless a copy of a certificate of <br />said liability insurance has been filed with the <br />Colorado Water Conservation Ooard. <br /> <br />5. Execute a warranty deed which shall convey the <br />fOllowing real property to the Board as security for the loan: <br /> <br />5.500 linear feet of concrete lining with all <br />appurtenances for the lower ditch between "L" <br />Street and "P" Street. This lined ditch will <br />tlave a bottom width of 24 inches and a depth of <br />24 inches. <br /> <br />The deed will be recorded by the Contractor in the <br />proper county or counties and all recordillg fees shall be paid <br />by the Contractor. The retainage shall not be paid to the <br />Contractor until a warranty deed has been executed. recorded. <br />and filed with the Colorado Water Conservatioll Board. <br /> <br />6. Permit periOdic inspectiorl of construction by <br />authorized represerltatives of the State during and after <br />construction. <br /> <br />7. Without expense to the state. manaye. operate. and <br />maintain the project continuously in an efficient and <br />economical manner, and assume all legal liability for such <br />management. operation. and maintenance. The Contractor agrees <br />to indemnify and hOld the State harmless tram any liability as <br />a result of the State's interest in the project facilities and <br />any other property identified in paragraph A.5. above. The <br />Contractor shall maintain general liability insurance covering <br />the management. op~ration. and maintenance of the project until <br />it completes repayment to the State in at least the fol.lowing <br />amounts: <br /> <br />a. For any injury to one person in any single <br />occurrenc~. the sum of Five Hundred Thousand Dollars <br />($500,000). <br /> <br />b. For any injury to two or more persons in any <br />single occurrence. the sum of One Million Dollars <br />($1,000.000) , <br /> <br />Page ~ of I Pages <br />