10-28-2024 CC Agenda Packet - Laserfiche WebLink

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AFMN Community Grant Application with Assurances (GK203)22 $2,000,000 – per claim or event $2,000,000 – annual aggregate Any deductible will be the sole responsibility of the Grantee and may not exceed fifty thousand dollars ($50,000) without the written approval of the State. If the Grantee desires authority from the State to have a deductible in a higher amount, the Grantee shall so request in writing, specifying the amount of the desired deductible and providing financial documentation by submitting the most current audited financial statements so that the STATE can ascertain the ability of the Grantee to cover the deductible from its own resources. The retroactive or prior acts date of such coverage shall not be after the effective date of this grant and Grantee shall maintain such insurance for a period of at least three (3) years, following completion of the work. If such insurance is discontinued, extended reporting period coverage must be obtained by Grantee to fulfill this requirement. f. Additional Insurance Conditions: 1) Grantee’s policies shall be primary insurance to any other valid and collectible insurance available to the State with respect to any claim arising out of Grantee’s performance under this grant. 2) If Grantee receives a cancellation notice from an insurance carrier providing coverage, Grantee agrees to notify State within five (5) business days with a copy of the cancellation notice, unless Grantee’s policies contain a provision that coverage afforded under the policies will not be cancelled without at least thirty (30) days advance written notice to State. 3) Grantee is responsible for payment of grant related insurance premiums and deductibles. 4) State shall be named as a certificate holder on applicable policies. 5) An Umbrella or Excess Liability insurance policy may be used to supplement Grantee’s policy limits to satisfy the full policy limits required by grant. 11.Governing Law, Jurisdiction and Venue Minnesota law, without regard to its choice-of-law and provisions, governs the award. Venue for all legal proceedings arising out of the award, or its breach, must be in the appropriate state or federal court with competent jurisdiction in Ramsey County, Minnesota. 12.Transferability The Grantee shall not transfer or assign to any party or parties any right(s), obligation(s), or claim(s) under the award without the prior written consent of the State. It is understood, however, that Grantee remains solely responsible to the state for providing the products and services described. 115