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5 <br />shall provide proof of such adequate insurance to the Commission and shall notify the Commission <br />and the City of any change in or termination of such insurance. During the period of construction <br />or provision of services regarding any Local Public Improvements, the Developer shall maintain <br />insurance in the kinds and for at least the minimum amounts as described in Exhibit E attached <br />hereto and the Commission and the City shall be named as additional insureds on such policies <br />(but not on any worker’s compensation policies). <br />4.12 Information. The Developer agrees to provide any and all due diligence items with <br />respect to the Project reasonably requested by the Commission. <br />SECTION 5. COMMISSION’S OBLIGATIONS. <br />5.1 Generally. The Parties acknowledge and agree that the Developer’s agreement to <br />perform and abide by the covenants and obligations set forth in this Agreement is material <br />consideration for the Commission’s commitment to perform and abide by the covenants and <br />obligations of the Commission contained in this Agreement. <br />5.2 Completion of Local Public Improvements. <br />(a) The Commission hereby agrees to complete (or cause to be completed) the <br />Local Public Improvements described in Exhibit C attached hereto on a schedule to be <br />reasonably determined and agreed to by the Commission and the Developer, as may be <br />modified due to unforeseen circumstances and delays. <br />(b) Before any work on the Local Public Improvements will commence, (a) the <br />Commission will have received satisfactory plans and specifications for the Project and <br />approved the same in accordance with Section 4.8 of this Agreement, and (b) the <br />Engineering Department will have received satisfactory bid specifications for the Local <br />Public Improvements and approved the same in accordance with Section 4.10 of this <br />Agreement. <br />(c) The Local Public Improvements will be completed in accordance with all <br />applicable public bidding and contracting laws and will be subject to inspection by the <br />Engineering Department or its designee. <br />(d) Notwithstanding anything contained herein to the contrary, in the event the <br />costs associated with the Local Public Improvements are in excess of the Funding Amount, <br />Developer, at its sole option, may determine to pay to the Commission the amount of the <br />excess costs to permit timely completion of the Local Public Improvements by the <br />Commission, or an agent of the Commission, which amounts shall be applied for such <br />purpose. If Developer chooses not to pay any such excess costs of the Local Public <br />Improvements (above the Funding Amount), the Commission may reduce the scope of the <br />Local Public Improvements to the amount which may be funded with the Funding Amount. <br />In no event will the Commission be required to spend more than the Funding Amount in <br />connection with the Local Public Improvements. <br />5.3 Cooperation. The Commission agrees to endorse and support the Developer’s <br />efforts to expedite the Project through any required planning, design, permitting, waiver, and