J-1 - Resolution 2024-003 - 28E Agreement - Springmier Library 2

insurance shall cover loss or damage by fire and such other risks as may be included in the broadest form of extended coverage insurance from time to time reasonably available, and in any event, in an amount not less than 80% of the full insurable value. In the event there is a deductible on a loss, each party shall be responsible for their own deductible. • Liability. Both the City and the District shall carry liability insurance for protection of the City and the District from any liability arising out of any accidents or other occurrence causing any injury and/or damage to any person or property in the Facility or upon the grounds due directly or indirectly to the use or occupancy thereof by the insured, or any person claiming through or under the insured. Liability policies shall have limits of not less than $2 Million per occurrence and $4 Million annual aggregate. • Other Provisions. All required insurance shall be obtained from issuers of recognized responsibility licensed to do business in the State of Iowa. All policies shall name the City and the District as the insureds, as their respective interests may appear. Each party shall be furnished with a copy of each policy required under this Agreement. All policies shall contain an agreement by the insurer that such policies shall not be modified, cancelled, or non-renewed except upon at least thirty (30) days' prior written notice to both the City and the District. • Waiver of Subrogation Rights. The City and the District each releases the other from any claim for recovery for any loss or damages to any of its property or for any liability which is insured under valid and collectible insurance policies to the extent of any recovery collectible under such insurance. This waiver applies only when permitted by the applicable policy of insurance. 10. The City will actively seek support for the Public Library Program in the form of grants or appropriations. 11. The Library Board will actively seek and support from the Johnson County Board of Supervisors for appropriations for library services, grants and appropriations from the State of Iowa. 12. The Springmier Library will adopt the same policies as the school library and the personnel policies of the City whenever possible. 13. The Springmier Library will be open a minimum of thirty (30) hours per week. Hours will be determined with the school district’s priorities and the accessibility of the general public in mind. 14. Whenever school is canceled due to inclement weather, the Springmier Library will also be closed. 15. The Library Board will meet a total of 10 times a year. DURATION of this Agreement shall be from the 28th day of February, 2024, until such time as either party gives a one-year written notice to terminate this Agreement.