Loading...
HomeMy WebLinkAbout1662 Land Lease to Velociti, Inc. Lot 8 Riverside Horizons East BILL NO. 2019-025 ORDINANCE NO. � AN ORDINANCE AUTHORIZING THE EXECUTION AND DELIVERY OF A LAND LEASE BETWEEN THE CITY OF RIVERSIDE, MISSOURI AND VELOCITI, INC., FOR LOT 8, RIVERSIDE HORIZONS EAST FIRST PLAT AND AUTHORIZING OTHER ACTIONS IN CONNECTION THEREWITH WHEREAS, the City of Riverside, Missouri (the "City") owns certain real property consisting of approximately 10.82 acres having the following legal description (the "Premises"): Lot 8, Riverside Horizons East First Plat, a subdivision in Riverside, Platte County, Missouri, according to the recorded plat thereof; and WHEREAS, the City and Velociti, Inc., a Missouri corporation ("Velociti"), desire to enter into the Land Lease attached hereto as Exhibit A and incorporated herein (the "Land Lease"); and WHEREAS, the Board of Aldermen find it to be in the best interests of the City and to otherwise further the objectives of the economic development within the City to enter into and deliver the Land Lease as set forth herein. NOW THEREFORE, BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE, MISSOURI, AS FOLLOWS: Section 1. LAND LEASE APPROVED. In order to further the economic development objectives within the City, the Land Lease is hereby approved. Section 2. AUTHORITY GRANTED. The City hereby authorizes the Mayor of the City to execute and deliver the Land Lease, consistent with the terms of this Ordinance and Missouri law, and hereby authorizes the Mayor, the City Administrator, Special Counsel to the City and other appropriate City officials to take any and all actions as may be deemed necessary or convenient to carry out and comply with the intent of this Ordinance and to execute and deliver for and on behalf of the City all certificates, instruments, agreements and other documents, as may be necessary or convenient to perform all matters herein authorized. Section 3. EFFECTIVE DATE. This Ordinance shall be in full force and effect from and after its passage and approval. [Remainder of page left blank] BE IT REMEMBERED that the above was read two times by heading only, PASSED AND APPROVED by a majority of the Board of Aldermen and APPROVED by the Mayor of the City of Riverside, Missouri, this 4th day of June, 2019. WA 4635908.1 T Kat een L. Rose, Mayor ATTEST: R60in Kinci , , ity,Verk Approved as to form: Spe e�Fane LLP, Sp ?ie`al Counsel to the City by Joe Bednar 2 WA 4635908.1 EXHIBIT A 3 WA 4635908.1 LAND LEASE THIS AGREEMENT ("Lease") is made and entered into as of June 3, 2019, by and between the CITY OF RIVERSIDE, MISSOURI, a city and political subdivision duly organized and existing under the Constitution and laws of the State of Missouri ("City"), and VELOCITI, INC., a corporation duly organized and existing under the laws of the State of Nevada ("Lessee"). Collectively City and Company are referred to hereafter as the "Parties". The City and Lessee for and in consideration of the mutual promises herein contained, AGREE AS FOLLOWS: 1. BASIC PROVISIONS AND DEFINITIONS The following terms, whenever used in this Lease, with the first letter of each word capitalized, will have the meanings set forth in this Section, and only such meanings, unless expressly contradicted, limited or expanded in this Lease: (a) Premises: As shown on attached Exhibit A (b) Date of Execution: The date above written, which is the date of full execution hereof. (c) Commencement Date (Section 4): June 3, 2019 (d) Lease Term(Section 4): Month-to-month (e) Rent (Section 5) $1,600 on the effective date of this Agreement and $800 per month payable on the first day of each month after execution of this Agreement. (f) City's Payment and Notice Address WITH A COPY OF ALL NOTICES TO: City of Riverside, Missouri Spencer Fane LLP Attn: City Administrator &Finance Attn: Joe Bednar Director 1000 Walnut Street, Suite 1400 2950 N.W. Vivion Road Kansas City, MO 64106 Riverside, MO 64150 Telephone: (816) 474-8100 Telephone: (816) 741-3993 Facsimile: (816) 474-3216 Facsimile: (816) 746-8349 (g) Lessee's Notice Address: Michael Kahn (or his designee) Velociti Inc. Corporate Headquarters 7200 West 132nd Street, Suite 270 Overland Park, KS 66212 Telephone: (913) 233-7200 Facsimile: (913) 233-7232 (h) Lessee's Trade Name (if any): Velociti Inc. (i) State of Incorporation of Lessee: Nevada 0) Minimum Insurance Coverage Specified in Section 23 Maintained by Lessee: 2. LEASE The City leases to Lessee and Lessee accepts a Lease from the City of the Premises as shown and/or described on the map attached at Exhibit A and incorporated herein (the "Premises"). The Premises are located in or near the City of Riverside, County of Platte, State of Missouri. 3. PERMITTED USES AND CONDITIONS The Lessee shall use the Premises for the testing of certain equipment, provided that Lessee shall provide to the City at least forty-eight (48) hours prior written notice before testing (such notice shall specify the day and anticipated time), and for no other purpose or use. 4. TERM The term of this Lease shall be from month-to-month, commencing on the Commencement Date. This Lease shall be automatically extended on a month-to-month basis until terminated pursuant to the provision hereof. 5. RENT (a) Lessee shall pay the City at City Hall as rent for the Premises, the Rent set forth in Section 1(e), payable monthly. The payment of Rent in advance shall not covert this Lease to a term other than month-to-month. Upon termination of this Lease, any advance rent ("Advance Rent")paid will be refunded according to Section 13 below. (b) If Lessee does not pay to the City the Rent, or any other amounts due the City which are provided for herein ("Additional Rent") for a period of ten (10) days from the day when the same shall have been due and payable, then Lessee, in addition to any other remedies available to the City, shall pay a service charge at the rate of one and one half percent (1.5%) per month (or at the legal maximum in the jurisdiction in which the Premises are located whichever is less) on any outstanding unpaid balance; provided, however, that such service charge shall in no event, be less than twenty-five dollars ($25.00) for any month or portion thereof. 6. ASSIGNMENTS AND SUBLETTING Neither Lessee nor any successor, heir, executor, administrator, receiver, master, trustee, sheriff or other assignee by operation of law shall assign or sublet this Lease or any interest therein, or grant a security interest in any buildings or improvements on the Premises. The City will have the right to transfer, mortgage, assign, pledge, and convey in whole or in part the Premises, this Lease and all rights of City existing and to exist, and rents and amounts payable to it under the provisions hereof. 2 WA 13048785.1 7. PRIOR IMPROVEMENTS AND PRIOR CLAIMS This Lease is also granted subject to any and all ordinances, laws and regulations and all other leases, licenses, and permits affecting said Premises heretofore granted by the City or its predecessors, and not previously terminated. If the Premises are subsequently found to be subject to a prior claim, this Lease shall terminate immediately on notice to that effect from the City, and rental refund, if any, will be made pursuant to Section 13. Lessee accepts this Lease subject to that possibility. 8. CONDITION, MAINTENANCE AND ALTERATION OF PREMISES (a) It is understood that Lessee has inspected the premises and that, based upon that inspection, Lessee accepts the Premises, including any improvements, "AS IS". The City is not obligated by this Lease to make any changes, removals, or repairs of any kind. Lessee represents that it has inspected the Premises and that Lessee is leasing the Premises as a result of its inspection and investigation and not because of any representations made by the City or its agents, and that, to the best of Lessee's knowledge and belief, the Premises, at the time the Lease was entered into, were reasonably free from soil and/or ground water contamination or other pollution-induced conditions, and the condition of the Premises appeared to the Lessee to meet all federal, state and local laws, ordinances, codes and regulations designed to prevent or control the discharge of substances into the land, air and water. Lessee acknowledges that neither the City nor the City's agent has made any representation or warranty as to the present or future suitability of the Premises for the conduct of Lessee's business. (b) Lessee shall not make any alterations, improvements or additions in or to any improvements without the prior written consent of the City. (c) Lessee, at its sole cost and expense, will control all noxious weeds whenever weed control measures are required by law or regulation. Not less than three times between the months of June and September, Lessee shall mow any areas of the Premises not under cultivation. (d) Lessee agrees to keep in good condition and repair any and all necessary and lawful drainage ditches which may be around said Premises or any portion thereof during the term of this Lease and to save and hold the City harmless of and from any and all costs, charge, expense, penalty or damages by reason of any failure by Lessee to promptly comply with any lawful requirements in respect to keeping in repair of any drainage ditches on said Premises during the term hereof. (e) No shrubbery, trees, or vegetation of high growth shall be planted or cultivated by Lessee upon said Premises. (f) Lessee shall not cut or remove any tree now growing on said Premises without the prior written consent of the City. 3 WA 13048785.1 9. NUISANCE Lessee shall not permit the existence of any nuisance on the Premises; shall keep the Premises in clean and safe condition and free of any explosive, flammable or combustible material which would increase the risk of fire, except such material necessary to Lessee's or any permitted sub- Lessee's Permitted Use, which material shall be handled, used and stored in compliance with applicable law pertaining to such substances; and shall not handle or store any dangerous or potentially dangerous materials or any hazardous or toxic materials, as defined under state or federal laws. 10. ENVIRONMENTAL CONCERNS Lessee shall not create or permit any condition on the Premises that could present a threat to human health or to the environment. Lessee shall indemnify and hold harmless the City and its officers, elected officials, employees, agents, contractors and affiliates from any suit or claim growing out of any damages alleged to have been caused, in whole or in part, by an unhealthy, hazardous or dangerous condition caused by, contributed to, or aggravated by Lessee's or sub- Lessee's violation of any law, ordinances, regulations or requirements pertaining to solid or other wastes, chemicals, oil and gas, toxic, corrosive, or hazardous materials, air water (surface or ground water) or noise pollution, and the storage, handling, use or disposal of any such material. Lessee shall bear the expense of all practices or work, preventative or remedial, which may be required because of any condition of the Premises caused or permitted by Lessee or any sue of the Premises by Lessee or those claiming by, through or under Lessee, during Lessee's period of occupancy or during Lessee's ownership or use prior to the date of this Lease. Lessee expressly agrees that the indemnification and hold harmless obligations it hereby assumes shall survive cancellation of this Lease. Lessee agrees that statutory limitation periods on actions to enforce these obligations shall not be deemed to commence until the City discovers any such health or environmental impairment and Lessee hereby knowingly and voluntarily waives the benefits of any shorter limitation period. The City shall have the right, but not the duty, to enter upon the Premises from time to time as set forth below to inspect the Premises for environmental contamination and in the course thereof to conduct soil and ground water testing. City may enter the Premises during regular business hours of Lessee without prior notice, and may enter the Premises during periods other than regular business hours either with prior written consent of Lessee or without if the City reasonably believes that an emergency exists on the Premises. The City shall conduct any such inspections or testing so as to minimize interference with Lessee's business operations. The City's entry on the Premises pursuant to this paragraph shall not relieve the Lessee's obligation to pay rent under this Lease. 11. COMPLIANCE WITH LAW Lessee shall comply with all federal, state, local and police requirements, regulations, ordinances and laws respecting the Premises and the activities of Lessee conducted thereon. Lessee shall pay any costs associated with such compliance. 4 WA 13048785.1 12. INDEMNITY (a) Lessee shall indemnify, defend, and hold the City and its officers, elected officials, employees, agents, contractors and affiliates, and the City's property, including the Premises, harmless against and from all claims (including without limitation, actions, demands, expense, costs, attorney's fees, court costs and judgments) for death of or injury to persons whomsoever or loss or destruction of or damage to property whatsoever occurring on the Premises or in any way arising out of or caused or contributed to by the Lessee's presence on or use of the Premises hereby leased, except when such claims are caused by the sole gross negligence of the City. (b) Lessee shall and does hereby assume all risk of loss or destruction of or damage to any property of Lessee brought upon or into the Premises and to any property belonging to others brought and held upon the Premises by Lessee or others; and Lessee hereby releases and agrees to indemnify and hold harmless the City from all claims arising from such loss, destruction and damage. (c) Lessee also assumes all risk of loss or damage to animals escaping either from said premises or from its adjacent lands to any other property or land owned by the City. Lessee also agrees to keep the Premises clear of combustible materials. (d) The provisions of this Section shall survive the termination of this Lease. 13. TERMINATION (a) If Lessee shall default in any of its covenants or agreements, and such default shall not be remedied or corrected (or in the City's sole judgment an appropriate remedy or correction has not effectively commenced) within ten (10) days after written notice by the City to Lessee of such default, then this Lease may be terminated by the City immediately by giving notice of termination to Lessee. (b) Either party may cancel this Lease at will with thirty (30) days advance written notice to the other party at the other party's Notice Address as provided for in Sections 1(f) and 1(g)• (c) Unless the City provides Lessee advance written notice otherwise, Lessee is obligated, on termination of this Lease, at Lessee's sole cost and expense, to remove or cause to be removed, any lessee improvements, including, but not limited to any fences erected on the Premises located on, above or below the surface of the Premises. Lessee also agrees to restore and level the Premises to a condition reasonably satisfactory to the City. (d) Lessee acknowledges and agrees that upon termination of this Lease by the City, Lessee shall have no right to receive, and City shall have no obligation to pay, any relocation benefits or fees. 5 WA 13048785.1 (e) If the Lessee terminates this Lease, either by default pursuant to Section 13(a), or by notice to the City pursuant to Section 13(b), no refund of any rent paid shall be made, and the City shall have the option to require Lessee, at Lessee's expense, to plant suitable ground cover (i.e. grass) to prevent erosion and control weed growth prior to redelivering the Premises to the City. (f) Should Lessee fail to timely remove any Lessee improvements as required to be removed by Lessee by this Section, Lessee grants the City the absolute right to keep, convey, destroy or otherwise dispose of the Lessee improvements in any manner the City chooses, and in addition, Lessee agrees to pay any costs incurred by the City in doing so within ten (10) days of receipt of the City's statement therefor, as Additional Rent, subject to the provisions of Section 5(b). (g) The provisions of this Section 13 shall survive the termination of this Lease. 14. CONDEMNATION (a) If all or any part of the Premises is subjected to taking under eminent domain law, this Lease shall terminate from the time possession is taken by the condemning entity. Prepaid rentals will be prorated and the unearned rental returned to Lessee. Lessee agrees that it is not entitled to, and hereby disclaims, any award made for such taking, excepting only an award issued solely and expressly to compensate for the taking of tangible personal property owned by Lessee. (b) Lessee acknowledges that Lessee has no interest in any award granted for any loss of the right to use or lease the Premises, and expressly waives any claim Lessee may have to share in such an award. 15. COSTS AND ATTORNEYS' FEES If by reason of any default or breach on the part of either party in the performance of any of the provisions of this Lease, it becomes necessary to retain an attorney, or use retained counsel, and expend fees as a result of the other party's breach, then the breaching party agrees to pay all reasonable costs and attorneys' fees in connection therewith. 16. RIGHT OF RE-ENTRY The City reserves the right to re-enter the Premises at any time during this Lease without extinguishing the Lessee's obligation to pay rent. 17. NOTICES (a) Any notice, election or other correspondence required or permitted pursuant to this Lease shall be deemed to have been properly given when made in writing and effective when delivered personally to the party to whom directed, or when deposited in the United States mail, certified, with all necessary postage or charges fully prepaid, return receipt requested and addressed to the party to whom directed at this Notice Address specified in Section 1 (f) or 1(g). 6 WA 13048785.1 (b) Either party hereto may change its address for the purpose of receiving notices or communications hereunder by furnishing notice thereof to the other party in compliance with this section. 18. SEVERABILITY Unless otherwise provided, or unless the context shall otherwise require, words importing the singular number shall include the plural number, words importing the masculine shall include the feminine gender, and vice versa. If any provisions of this Lease or any application hereof shall be found to be invalid or unenforceable, for any reason, the remainder of this Lease and any other application of such provision shall not be affected thereby. 19. ENTIRE AGREEMENT This Lease represents the entire agreement between the parties and supersedes all other agreements and representations made prior hereto. No amendment hereof shall be binding on either party unless and until approved in writing by both parties. 20. GOVERNING LAW This Lease shall be governed and construed in accordance with the laws of the State of Missouri. 21. HEADINGS The heading of each section of this Lease is for convenience only and it shall not be deemed a construction of intent of any such section. 22. BINDING EFFECT This Lease shall inure to the benefit of and be binding upon the parties and their heirs, executors, administrators, successors and permitted assigns. 23. INSURANCE (a) Lessee shall obtain and maintain a Public Liability Insurance policy or certificate together with a Contractual Liability Endorsement under the terms of which the insuring agreements of the policy are extended to cover the liability assumed by Lessee under this Lease and under which the IDA is a named insured. The Public Liability Insurance shall provide for a limit of not less than ONE MILLION DOLLARS ($1,000,000.00) for all damages arising out of the bodily injuries or death of one person, and, subject to that limit for each person, a total limit of not less than THREE MILLION DOLLARS ($3,000,000.00) for all damages arising out of bodily injuries or death of two or more persons in any one accident. (b) Lessee shall provide to the City a certificate evidencing the insurance required by this Section on the Commencement Date, and subsequently with Lessee's annual rent payment each year thereafter, or as the City may reasonably request from time to time. 7 WA 13048785.1 (c) In the event Lessee fails to obtain or maintain any or all of the above policies, the City may obtain and maintain the same at Lessee's expense, and Lessee shall reimburse the City for such expense within ten (10) days of receipt of any invoice, and such expense. (d) It is understood and agreed that Lessee shall cause the insurance policy provided for herein to be so written that the insurance company shall not have recourse against the City, by way of subrogation or otherwise, for any loss covered by or paid or payable under said policy, and that the insurance company shall provide the City with thirty (30) days' notice prior to termination of said policy. Unless otherwise consented to by the City in writing any company issuing the insurance required by this Section shall have a Best's rating of A VII or better. 24. INTERPRETATION This Lease shall be construed and interpreted in accordance with laws of the State of Missouri. This Lease constitutes the entire agreement between the parties with respect to the subject matter hereof. Enforceability, invalidity or illegality of any provision shall not render the other provisions unenforceable, invalid or illegal. 25. RESERVED RIGHTS (a) The City reserves the right to construct, maintain and operate, or to permit to be constructed, maintained and operated by others, any pipe, cable, telegraph, telephone or power transmission line upon, over, across or beneath said Premises; and to enter upon or allow others to enter upon any portion of said Premises to remove earth, sand and gravel therefrom, or for any other purpose. (b) The City reserves the right to erect or allow to be erected and maintained such snow fences as it may see fit upon any part of said Premises as fully as if this Lease had not been granted. (c) The City reserves the exclusive right to erect signboards, and to permit others to erect signboards, on said Premises at any time during the term of this Lease without payment of any sum, whether as consideration or damages, to Lessee. (d) It is specifically agreed that the City may enter upon and use the demised Premises at any time, for the purpose of obtaining ingress to or egress from facilities or other lands the City. 26. ADJACENT PREMISES Lessee expressly agrees that it shall apply all of the terms, conditions, covenants and promises herein contained to any land or property adjacent to the Premises ("Adjacent Premises") which Lessee may occupy in all respects as though the Adjacent Premises had been specifically described herein. 27. DEFAULT Should Lessee fail to perform any of the agreements aforesaid, the City may terminate this Lease without notice, and in that event, unless the City requires Lessee to remove the same pursuant to 8 WA 13048785.1 this Lease, all fences and/or other Lessee improvements on said Premises shall become the property of the City. THE REST OF PAGE INTENTIONALLY LEFT BLANK 9 WA 13048785.1 IN WITNESS WHEREOF, this Lease has been fully executed the day and year first above written. "CITY" "LESSEE" CITY OF RIVERSIDE, MISSOURI VELOCITI INC. By: By: ✓L� 1�v BY Kathleen L. Rose, Mayor Print Name Title: STATE OF MISSOURI ) ss. COUNTY OF PLATTE ) I certify that I know or have satisfactory evidence that Kathleen L. Rose, signed this instrument and acknowledged it as the Mayor of the City of Riverside, Missouri to be the free and voluntary act of such party for the uses and purposes mentioned in the instrument. DATE: NOTARY PUBLIC Y P ROBIN L.KINCAID ••o�•.�� My Commission Expires: J-D�,3 NOiARYG;: MY Commissar Expires March S 2023 SEAL.' Girton County '�Qf tJDS,'•• Cammissian#15390639 10 WA 13048785.1 STATE OF MISSOURI ) ss. COUNTY OF PLATTE ) I certify that I know or have satisfactory evidence that ��y�7 � ,7NTVS , as /ice �cia of Velociti, Inc. signed this instrument on behalf of said entity and acknowledged it to be the free and voluntary act of said entity for the uses and purposes mentioned in the instrument. DATE: — NOTARY PUBLIC yp' ROBIN L.KINCAID My Commission Expires: g MY CommisstOn Exp ­ASEAL .AF, March 8,2023 Clinton County pF N►� � Conuni$Sion#15390631 11 WA 13048785.1 EXHIBIT A Map of Premises [TO BE ATTACHED] 12 WA 13048785.1 Velociti Lease n � �! Horizons Lot 8 = OF r 69 44 4 r � � r r l • Client#:5793 CSTKINC ACORD. CERTIFICATE OF LIABILITY INSURANCE DATE(MMIDD/YYYY) 6/11/2019 THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER.THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND,EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW.THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S),AUTHORIZED REPRESENTATIVE OR PRODUCER,AND THE CERTIFICATE HOLDER. IMPORTANT:If the certificate holder is an ADDITIONAL INSURED,the policy(ies)must be endorsed.If SUBROGATION IS WAIVED,subject to the terms and conditions of the policy,certain policies may require an endorsement.A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s). PRODUCER CONTACT NAME: Marni Fortner Haas&Wilkerson Insurance PHONE 913-676-9216 AX 913-479-4716 4300 Shawnee Mission Parkway E-MAIL Ext): A/c,No Fairway;KS 66205 ADDRESS: marni.fortner@hwins.coms 913 432-4400INSURERS)AFFORDING COVERAGE NAIC# INSURER A:T-Mem Indemnity Company 25658 INSURED INSURER B•Travelers Property Casualty Co. 25674 Velociti, Inc. INSURER C:StandardFimImummCo 19070 7200 W.132nd St.,Suite 270 INSURER D: Overland Park,KS 66213 INSURER E INSURER F: COVERAGES CERTIFICATE NUMBER: REVISION NUMBER: THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACTOR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. INSR TYPE OF INSURANCE ADDL SUB POLICY EFF POLICY EXP LIMITS LTR INSR WVD POLICY NUMBER MMIDDIYYYY MMIDDI A GENERAL LIABILITY 21-1584046 7/01/2018 07/01/2019 EACH OCCURRENCE $1,000,000 X COMMERCIAL GENERAL LIABILITY PREMISES Ea occ7u nce S100,000 CLAIMS-MADE FXI OCCUR MED EXP(Any one person) S6,000 PERSONAL&ADV INJURY S1,000,000 GENERAL AGGREGATE 52,000,000 GEN'L AGGREGATE LIMIT APPLIES PER: PRODUCTS-COMP/OP AGG 52,000,000 POLICY X MR-- X LOC $ JEC B AUTOMOBILE LIABILITY BF727893 7/01/2018 07/01/201 COMBINED SINGLE LIMIT Ea accident 51,000,000 XANY AUTO BODILY INJURY(Per person) S ALL OWNED SCHEDULED BODILY INJURY(Per accident) $ AUTOS AUTOS X HIRED AUTOS X NON-OWNED PROPERTY t DAMAGE S AUTOS Peracdden X rive Oth Car 5 B X UMBRELLA LIAB X OCCUR 21-1584046 7/01/2018 07/01/2019 EACH OCCURRENCE $15,000,000 EXCESS LIAR CLAIMS-MADE AGGREGATE S16,000,000 DED RETENTIONS $ C AND EMPLOYERS'LIABILITY WORKERS COMPENSATION BF700125 7/01/2018 07/01/201 X WCYTATIT OT'- ANY PROPRIETOR/PARTNER/EXECUTIVE Y I N E.L.EACH ACCIDENT $110001000 OFFICER/MEMBER EXCLUDED? ® N/A (Mandatory In NH) E.L.DISEASE-EA EMPLOYEE $1,000,000 If yes,describe under DESCRIPTION OF OPERATIONS below E.L.DISEASE-POLICY LIMIT 57,000,000 B Garagekeepers 8F727893 7/01/2018 07/01/201 $1,500,000 Comp Ded$1,000 Coll Ded$1,000 DESCRIPTION OF OPERATIONS/LOCATIONS I VEHICLES(Attach ACORD 101,Additional Remarks Schedule,if more space is required) City of Riverside,Missouri,IDA(Industrial Development Authority)and Riverside Industrial Authority are additional insureds in regards to general liability and auto liability when required by written contract. Policies include 30 day notice of cancellation. CERTIFICATE HOLDER CANCELLATION Ci of Riverside,MISSOUrI SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE City THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN 2950 N.W.Vivion Road ACCORDANCE WITH THE POLICY PROVISIONS. Kansas City,MO 64150 AUTHORIZED REPRESENTATIVE ©1988-2010 ACORD CORPORATION.All rights reserved. ACORD 25(2010/05) 1 of 1 The ACORD name and logo are registered marks of ACORD #S390909/M365625 MANOA