2009-070-RES-City of Paris is in need of management services under the aforesaid TCF-TDA Main Street Program

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6. Insurance Requirements: MDS agrees to meet all insurance requirements set out below, and to require all subcontractors and/or subconsultants who perform work for MDS on this Project to meet these insurance requirements as well: MDS shall maintain insurance for this Project in accordance with the following required coverages and limits, and shall furnish a copy of said policies or properly executed Accord Certificates to the City upon execution of this Agreement and throughout the Contract term. The City of Paris, its elected officials, officers and employees shall be included and covered as Additional Insured's on all policies listed below except the Professional Liability and Workers Compensation policies. All insurance policies shall be issued by properly funded and capitalized insurance companies authorized and licensed to write insurance policies in the State of Texas: General Commercial Liability $500,000 per occurrence/$1,000,000 aggregate Commercial Auto LiabiliTy $500,000 per occurrence/$1,000,000 aggregate Professional Liability $1,000,000 per claim and in the aggregate Workers Compensation State required minimum limits 7. Termination of Contract for Cause. If, through any cause, the Consultant shall fail to fulfill in a timely and proper manner his/her obligations under this Contract, or if the Consultant sha11 violate any of the covenants, agreements, or stipulations of this Contract, the City shall thereupon have the right to terminate this Contract by giving written notice to the Consultant of such termination and specifying the effective date thereof, at least five days before the effective date of such termination. In such event, all finished or unfinished documents, data, studies, surveys, drawings, maps, models, photographs and reports prepared by the Consultant under this Contract shall, at the option of the City, become its property and the Consultant shall be entitled to receive just and equitable compensation for any work satisfactorily completed hereunder. Notwithstanding the above, the Consultant shall not be relieved of liability to the City for damages sustained by the City by virtue of any breach of the Contract by the Consultant, and the City may withhold any payments to the Consultant for the purpose of set-off until such time as the exact amount of damages due the City from the Consultant is determined. 8. Termination for Convenience of the City. The City may terminate this Contract at any time by giving at least ten (10) days notice in writing to the Consultant. If the Contract is terminated by the City as provided herein, the Consultant will be paid for the time provided and expenses incurred up to the termination date. If this Contract is terminated due to the fault of the Consultant, Paragraph 1 hereof relative to termination shall apply. 9. Reuse of Documents: All documents prepared by MDS for City pursuant to this Agreement are instruments of service for the specific project contemplated under this Agreement. They are not intended for reuse on extensions of that project, or on any other project. Any reuse without written verification or adaptation by MDS for the specific purpose intended will be at CITY's sole risk and without liability to MDS.