HomeMy WebLinkAboutresolution.council.025-13 RESOLUTION #25
(Series of 2013)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN,
COLORADO, APPROVING CONTRACT AMENDMENTS WITH SUMMIT
CONSULTING, ENGINEERING ECONOMICS, HP GEOTECH AND
LOCKTON COMPANIES AND AUTHORIZING THE CITY MANAGER TO
EXECUTE SAID CONTRACT AMENDMENTS ON BEHALF OF THE CITY
OF ASPEN, COLORADO.
WHEREAS, there has been submitted to the City Council contract
amendments for construction-related services, true and accurate copies of which
are attached hereto;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF ASPEN, COLORADO,
That the City Council of the City of Aspen hereby approves said Contract
Amendments with Summit Consulting, Engineering Economics, HP Geotech and
Lockton Companies and copies of which are annexed hereto and incorporated
herein, and does hereby authorize the City Manager to execute said agreements on
behalf of the City of Aspen.
INTRODUCED, READ AND ADOPTED by the City Council of the City of
Aspen on the 18th day of March, 2013.
Michael C. Ireland, Mayor
1, Kathryn S. Koch, duly appointed and acting City Clerk do certify that the
foregoing is a true and accurate copy of that resolution adopted by the City
Council of the City of Aspen, Colorado, at a meeting held March 18, 2013.
Ka ryn S. Koch, City Cler
A
Proposed Change Order# 002
S
CONSULTIUMMrr NG
Project: Burlingame Ranch Phase II Initiation Date: 03/05/13
Project#: C12-109 Contract Date: 04/23/12
You are directed to make the following changes in the Contract:
The schedule for the Installation of the Storm Sewer system was delayed from the original contractual schedule
dated 02/13/12. The new schedule shows the completion of the Storm Sewer system occurring from May 6th
thru June 18th (32 working days or 6.4 weeks). Summit has been requested to provide costs for the completion
of the storm sewer system that are coordinated with this new construction schedule. This change order will be
billed at the contractual weekly rate which was$3,140.83/week.
Proposed Change Order-$3,140.83 x 6.4 = $20,101.31
Exclusions:
Saturday Work
Overtime
Signature of the Owner and Contractor indicates their agreement herewithin, including any adjustment to the Contract
Sum or Contract Time.
The Contract Value will be changed by $20,101.31
..........._.. .......
The date of Substantial Completion as of the date of this Change Order therefore is NA
..................._..........
Consultant: Owner:
Summit Construction, LLC City of Aspen
f1 B
Mak Keeling 7
Date: 03/05/2013 Date:
Summit Consulting, Inc PO Box 4342 Basalt, CO 81621 970-279-4212 info @cosummitconstruction.com
�xl-A 131T
Engineering Economics, Inc.
gall 780 Simms Street,Suite 210
Golden,Colorado 80401
telephone: 30 3.239.8 700
facsimile: 303.239.9982
March 6, 2013
Chris Everson
Affordable Housing Project Manager
City of Aspen
130 South Galena Street
Aspen, CO 81611
Re: Burlingame Ranch — Phase II
Construction Phase - Commissioning and Building Leakage Testing Services
Proposal No.: 01-09576
Dear Chris:
Engineering Economics, Inc. (EEI) is pleased to present this proposal for commissioning and
building leakage testing services for the Construction Phase of the Burlingame Ranch Phase II.
This proposal is based on the Implementation Documents dated 8/31/12 and the currently permitted
construction phasing for the Al and A2 phases of the projects.
SCOPE OF WORK- Commissioning
Building Commissioning services will be provided per the Scope of Work described below to
achieve building performance for functionality, energy efficiency, reliability and maintainability.
1. Conduct up to 7 on site commissioning meetings for each phase.
2. Review key submittals for systems to be commissioned in parallel with design team and
provide relevant comments.
3. Utilize information from submittals to finalize functional test procedures.
4. Coordinate with the construction manager to incorporate commissioning activities into the
overall project schedule.
5. Perform strategic site visits to verify construction progress and quality, documenting activities
and issues to be addressed by others.
6. Execute functional test procedures to verify acceptability of systems to be commissioned in all
modes of operation.
7. Document commissioning issues, recommending specific corrective action as necessary,
confirming acceptability when completed, and logging and tracking issues to closure.
8. Conduct meetings to review and resolve issues.
9. Review as-built documentation and operations and maintenance documentation for
completeness and accuracy.
10. Verify contractor-provided training
11. Execute appropriate seasonal testing of systems.
12. Review post-occupancy operation and performance through the warranty period, documenting
issues for warranty claims as appropriate.
13. Provide a commissioning project record of all commissioning documentation, from review
comments, to issues log, to completed functional test procedures and training documentation.
F:\01-00\01-09576 Burl ingame\Proposal\Construction Phase\Revised 2013\BGR 2 Construction Phase Cx Proposal 3-06-13.docx
Chris Everson
March 6, 2013
Page 2
An allowance up to 15% of the functional testing effort for repeat testing of failed functional tests is
included in this scope. Additional repeat testing and extensive troubleshooting will be billed as
additional services; our specifications allow you to back-charge such services to the responsible
contractors.
Systems and equipment to be commissioned are to include the following:
Mechanical
1. Fan coil units
2. Heat recovery ventilators
3. Hot water circulation pumps
4. Baseboard heaters
5. Unit Heaters
6. Dryer booster fans
7. Domestic water heaters
8. Domestic water pressure reducing valves
Electrical
1. Service, distribution and metering; verify correct installation, review contractor's testing and/or
documentation.
2. Lighting control system
SCOPE OF WORK— Building Leakage Testing
Building Leakage Testing services will be provided per the Scope of Work described below to verify
the integrity of the building envelope.
Preliminary Testing - Blower Door Testinq - Perform Blower door testing to analyze a unit's
air-leakage in order to discover problem areas prior to completion of the unit. This will include unit
depressurization and an investigation of the envelope assemblies using infrared thermography to
identify proper insulation/air-barrier alignment prior to final finish installation. The testing will be
done to check for compliance against the City of Aspen's standard of .25 cfm/sf(surface area) @
50 pascal (test pressure). A report of the findings will be provided for correction by the installing
contractors.
Completed Unit Testing - Blower Door Testing — Perform blower door testing to measure the unit's
air-leakage. This will include pressure diagnostics to measure the amount of air-leakage to outside.
The testing will be done to meet the City of Aspen's standard of 0.25 cfm/sf(surface area) @ 50
pascal (test pressure). This service will include a report of the results for each building broken-out
by individual unit.
SCHEDULE
We are prepared to commence planning and review activities immediately upon Approval to
Proceed.
F:\01-CO\01-09576 Burl ingame\Proposal\Construction Phase\Revised 2013\BGR 2 Construction Phase Cx Proposal 3-06-13.docx
Chris Everson
March 6, 2013
Page 3
FEE
We propose to complete the above Scope of Work on a lump sum basis, inclusive of expenses, per
the following fee breakdown:
Construction Phase Al Buildings 1 through 4 48 units
Commissioning $57,000
Building Leakage Testing - $38,000
Total $95,000
Note: Minimum testing of one building per visit is assumed.
FEE ALTERNATES - -- - - - - - -
As discussed, the following fee alternates can be provided for the project:
Additions
2014 - Construction Phase A2 Buildings 5 through 7 34 units
Commissioning $46,400
Building Leakage Testing - minimuM_!2sting of two units per visit $28,200
Total $74,600
Note: Minimum testing of one building per visit is assumed. This price is valid
until March 15th, 2014
Deductions
Construction Phase Al Building Leakage Preliminary Testing Sampling -$13,000
Because the preliminary testing of the building leakage is meant find
construction issues that will be corrected in the tested and subsequent units,
we propose that a sampling strategy be used for the preliminary testing. We
propose to test a total of 25% of the units with three of the first five units built
tested first and the remaining units to follow.
Construction Phase A2, Building Leakage Preliminary Testing Sampling -$9,500
Because the preliminary testing of the building leakage is meant find
construction issues that will be corrected in the tested and subsequent units,
we propose that a sampling strategy be used for the preliminary testing. We
propose to test a total of 25% of the units with three of the first five units built
tested first and the remaining units to follow.
Any additional services requested beyond the agreed scope will be performed at our standard
hourly rates. Our standard rate schedule is attached.
FA01-00\01-09576 Burlingame\Proposal\Construction Phase\Revised 2013\BGR 2 Construction Phase Cx Proposal 3-06-13.docx
Chris Everson
March 6, 2013
Page 4
TERMS AND CONDITIONS
Terms and conditions will be per the City of Aspen's standard Agreement of Professional Services.
We very much look forward to working with you again.
Sincerely,
Engineering Economics, Inch I
J r` "A
sE. Bagr ki, PE, LEED®AP
Approved and accepted this day of , 2013.
CITY OF ASPEN
By_ Title:
IF APPROVED, PLEASE SIGN AND RETURN A COPY OF THIS AGREEMENT.
FA01-00\01-09576 Burl ingame\Proposal\Construction Phase\Revised 2013\BGR 2 Construction Phase Cx Proposal 3-06-13.docx
�X,N t ►3 � -r ��
Hepworth-Pawlak Geotechnical,Itr.
1-020 C panty Read I
G( c'F)tech Phwne�Glenwi.ioJ Springs.Colorado 81601
+0-94i-19_"
HEPWORTH-PAWLAK GEOTECHNICAL
Fax:9 0-°45-64}4
to lximi
February 11, 2013
City of Aspen
Attn: Steve Bossart
130 South Galena Street
Aspen, Colorado 81611
(steve.bossart rzcitvofas�en.eom)
Job No. 110 165B
Subject: Cost Estimate for 2013 Geotechnical and Materials Testing Services,
Access, Infrastructure and Buildings 1 through 4, Burlingame Ranch
Phase II,Aspen, Colorado
Dear Mr. Bossart:
As requested we are providing a cost estimate to provide geotechnical and materials
testing services for the 2013 construction season of the subject project. The estimate is
based on the 2013 construction schedule provided, the building plans and our experience
on the project. Hepworth-Pawlak Geotechnical has been performing construction
observation and testing services for the project under the above job number.
Scope of Services: The proposed construction schedule for 2013 will include the
completion of the Phase I1 infrastructure consisting of roadway and other areas subgrade
fill and utility trench backfill, concrete, base course and asphalt pavement for the roadway
and sidewalks as well as pervious paved parking areas, completion of boulder site walls,
and for construction of Buildings 1 through 4.
The project is expected to resume in April and be substantially completed by the middle
of June of 2014, about 60 weeks duration. We anticipate that the majority of our testing
services will be required from April 2013 through September 2013, about 26 weeks.
Some additional testing services are expected beyond this time frame. Required testing
services include: compaction testing for subgrade, structural and non-structural fill, utility
backfill, and aggregate base course; boulder wall construction; foundation excavation
observations; field and laboratory testing of concrete; verification of concrete reinforcing
steel; field compaction and laboratory testing of asphalt pavement; laboratory gradation
analyses of on-site material and imported aggregate base course and topsoil during
processing to verify compliance with material specifications.
We propose making project site visits once or twice a day as needed and/or as scheduled,
probably 3 to 5 days per week depending on the work progress. We will combine the
services with other work in the area as feasible to reduce the overall fee.
Parker 303-541-7119 0 C ot-Urado Springs 719-633-55621 • Silverth.Orn e 970-468-1989
City of Aspen
February 11, 2013
Page 2
Cost Estimate: The total cost to perform our services will depend on the construction
schedule and progress and the actual services requested. Our fees will be invoiced on a
time-and-materials basis, in accordance with the previous fee schedule on file with our
current contract. A breakdown of our estimated fees based on our understanding of the
project and the contractor's schedule is as follows:
Construction Observation and Testing Cost Estimate
Field Technician 480 hours at$55 $26,400
Vehicle Mileage 3800 miles at $0.55 $ 2,090
Project Mgt/Review 68 hours at $100 $ 6,800
Clerical/Word Processing 45 hours at $55 $ 2,475
Laboratory Testing (per fee schedule) $ 7,876
Total Estimated Cost for Testing Services $45,641
Reports: Daily reports will be provided typically on a weekly basis. We can provide
"field copies" of the test results and observations prior to leaving the site, if desired.
Letters will summarize some of our activities including for the foundation excavation
observations. As needed,the project manager will contact the inspection or design team,
or contractors to discuss field issues needing resolve. We will provide our completed
field reports in a timely manner. The reports will be e-mailed in pdf format to the project
team on generally a weekly basis after review and finalizing.
If you have any questions or need additional information, do not hesitate to contact me.
Sincerely,
HEPWORTH -PAWLAK GEOTECHNICAL, INC.
David A. Young . E. S«
DAY/ksw
cc: RLB - Rob Taylor(rob.taylor us.rlb.com)
Job No. 110 1658 �,.�r��
L�'OteCI'1
u 9)-10
AN INSURANCE PROPOSAL
Prepared for
City of Aspen
for the
Burlingame Ranch Phase II Project —
Vertical Phase tai
Lockton Companies thanksjou for the opportunit to dzrcussyour insurance and risk managzmentprogrnm. This szrmmag is a
bri J over view of thatprogram and is based on the exposure informations ou provided. Please refer to the policies for complete terms,
conditions,limitations,definitions,and exclusions. Higher limits mad be available upon request.
Lockton Companies does notguarantee,or make ary representation in regard to,and expressj disciaims rejponsibiYit0 for,the
financial condition of insurance companies with which we place business. And rating information contained in this document has
been obtained b}a third j arty rating ngenq%and we do not represent or warrant its accuraq.
Lockton(R)Companies
8110 East Union Avenue,Suite 700
Denver, CO 80237-2966
Phone (303) 414-6000 2 Fax (303) 865-6000
TABLE OF CONTENTS
Page
Account Management Team..................... .."'."""""""""". 3
.......................................................................................
Important Issues..............................................................................
............................................................................ 4
Acknowledgement........................................................................................................................................................ G
Summary-of OCIP Quotes.......................................................................................................................................
Lockton Administration and General Services........................................................................................................ 8
Commercial General Liability................................................................................................................
11
Excess Liability....................................................................;
18
Contractors Environmental Impairment Liability................................................................................................... 20
Builders Risk(including Earthquake and Flood)..................................................................................................... 24
OCIPFinancial Summary............................................................................................................................................ 28
52494:City of Aspen-CIPVW-(Phise 2)Burlingame Ranch Bldgs 1-4\Props and Sums\prop 0313.docz Cm.of Aspen/March 6,2013-2
ACCOUNT MANAGEMENT TEAM
Lockton Companies
8110 East Union Ave.,Suite 700
Denver, CO 80237
Phone (303) 414-6000 2 Fax(303) 865-6000
EXECUTIVE
VICE PRESIDENT,
PRODUCER: Marc Beasley....................... .....................................................................(303) 414-6406
E-mail address: marc.beasley @lockton.com
VICE PRESIDENT,
OCIP ACCOUNT
EXECUTIVE: Stacy Pocrass.............................................................................................(303) 414-6174
E-mail address: stacy.pocrass @lockton.com
OCIP
ACCOUNT
MANAGER: Matt Goss................................................ . ...............................................(303) 414-6215
E-mail address: matt.goss @lockton.com
OCIP ACCOUNT
ADMINISTRATOR: Emmy Jennings........................................................................................(303) 414-6483
E-mail address: emmy.jennings @lockton.com
OCIP
ADMINISTRATOR: Sandy Gibbons.........................................................................................(303) 414-6011
E-mail address: sandy.gibbons @lockton.com
OCIP
ADMINISTRATOR: Diane Gibbons.........................................................................................(303) 414-6408
E-mail address: diane.gibbons @lockton.com
52494:City of Aspen-C1 I,\\\'-Q'liase 2)Burlingame Ranch Bldgs 1-4\1'rops and Sums\prop 0313.docs City of Aspen/March 6,2013-3
IMPORTANT ISSUES
Lockton Companies thanks you for the opportunity to handle your insurance and risk management program.
This insurance proposal provides an overview of that program and is based on the exposure information you
provided. Please refer to the policies for complete terms,conditions,limitations,definitions,and exclusions.
Higher limits may be available upon request.
As part of our commitment to you,the following provides a summary of important information you should
know:
Broker Disclosure
Lockton represents you as an insurance broker in soliciting insurance coverage proposals from insurers and
placing insurance contracts on your behalf.
Lockton may be eligible to receive the following types of compensation as a result of the sale of insurance to you:
❖ Base commission (may differ depending on the product,insurer,and/or other intermediary)
❖ Additional compensation based upon other factors,such as premium volume placed with a particular insurer
or through a particular intermediary and loss or claims experience
Interest or investment income on premiums or return premiums temporarily held by Lockton
Service fees or other compensation from premium finance companies for administrative services provided to,
or on behalf of,the premium finance companies relative to the financing of client insurance premiums
Communication
Any requests that you make to confirm,bind,or alter your insurance program through e-mail,voice mail,or other
automated systems will not take effect until you receive written communication from your Lockton
representative.
Claim Reporting Requirements
Changing market conditions have had an adverse effect on many carriers'claim reporting terms and conditions.
Many policy forms now include verbiage that severely restricts or negates coverage should a carrier not be
immediately notified of a claim or potential claim. Refer to your policies for a more complete explanation of your
carrier's reporting requirements.
FEMA Flood Zone Information
This proposal is based on information regarding the FEMA flood zone determination for your property that is
currently available to Lockton. Such determinations are subject to change at any time and Lockton cannot be
held responsible for any changes in the flood zone determination reflected herein subsequent to the date of this
proposal.
State Assessments and Surcharges
Your policy may be subject to state assessments and surcharges that may alter your base premium. Although we
routinely try to gather this information in the quotation process, it is not always available.
52494:City of Aspen-CIP\\C'-(Phase_)Burlingame Ranch Bldgs 1-4\Ymps and Sums\prop 0313.docx
Cith of Aspen/March 6,2013-4
IMPORTANT ISSUES
Nonadmitted Carriers(Surplus Lines)
This is to inform you that some of your policies may have been placed with a nonadmitted carrier. If all or part
of your coverage is written through a nonadmitted carrier,it will be so indicated in the individual coverage
section.
Nonadmitted carriers are neither licensed by nor under the supervision of the state department of insurance. If a
nonadmitted carrier becomes insolvent,it is unlikely that the State Guaranty Fund will respond (State Guaranty
Funds typically only apply to admitted carriers and provide limited,if any,coverage). For an overview of each
state's provisions,go to:
http://nclgf.org/GF-laws-and-suminaries-by-state
52494:City-of Aspen-CIP\\\'-PPhase 2)Burlingame Ranch Bldgs 1-4\Props and Sums\prop 0313.docx City of Aspen/March 6,2013-5
ACKNOWLEDGEMENT
Proposal Acknowledgement
Please let us know if you have any questions concerning any definitions,terms,
conditions,or exclusions contained in this proposal.
I have read the proposal and acknowledge that the terms,limits of liability,and
exposures are accurate.
This proposal must be accepted by April 1,2013 otherwise it may be subject to
renegotiation and may result in different terms or conditions for which Lockton
Companies cannot be responsible.
Acknowledgement
Signed
Title
Company
52494:City of Aspen-CIP\W-(phase 2)Budingame Ranch BIdgs 1-4\Props and Sums\prop 0313.docs Cm of Aspen/March 6,2013-6
SUMMARY OF OCIP QUOTES
Nameof
Premium
Policy Insurer Policy Number Policy Term Limits Specific Project Wrap- Houston Casualty H12PC30065 00 48 Months $2,000,0.00 Policy Limit—Each Occurrence,
Up Liability Company e Phase tai $2,000,000 General Aggregate
Non Admitted $2,000,000 Products Aggregate/Completed Operations
Rating:A+XIV $2,000,000 Personal Injury/Advertising Injury
$50,000 Fire Legal Liability $149,968
Excluded Medical Payments
$25,000 Deductible—Per Occurrence
Wrap-Up Excess Ironshore Specialty 001346600 48 Months 25%Minimum Earned Premium at Ince tion
Liability s.Co.Company $10,000,000 Each Occurrence
�' P Y— Phase tai and . $10,000,000 Aggregate
Non Admitted 2aii Excess of the Limits shown in Underlying Limits Section. $78,023
Ratin :A-XIII
Contractor's Pollution Chartis Specialty CPO18426844 60 Months $3,000,000 Policy Limit—Each Occurrence
Liability Insurance Company— (effective $3,000,000 Aggregate
Non Admitted 4/30/2012) Deductibles:
Rating:A XV $25,000 Each Loss $34,972
Property/Builders Risk ACE American TBD 12 Months
—Course of Insurance Company $20,200,377 Per job-site limit
P Y— Phase tai $20,200,377 Flood sublimit
Construction Non Admitted $20,200,377 Earthquake sublimit
Rating:A+XV $20,200,377 Water Damage sublimit(other the Flood)
$20,200,377 Windstorm sublimit(other than Named)
$1,000,000 Transit limit
Deductibles: $59,401
$10,000 All Other Perils
$25,000 Flood
$25,000 Earthquake
$25,000 Water Damage
15-Da Waiting Period Soft Costs
OCIP ALand ation Lockton 48 Months OCIP Administration
Phase tai and 3rd P C 3rd Party QA/QC(Estimated at$500/door) $20,00
2aii
$41,000
TOTAL
;383,364
*Estimated additional costs to add the Vertical Phase 2aii is$133,131
52494:City of Aspen-CIP\\C'-(Phase 2)liurlingatne RmlCh Bldgs 1-4\1)rops and Sums\prop 0313.docx
City of Aspen/March 6,20'13-7
LOCKTON ADMINISTRATIVE AND GENERAL SERVICES
General Services
Burlingame Ranch Phase II Project
Services for which Lockton receives commission
I. Program Marketing/Management
A. Market the (General Liability,Excess Liability,Builders Risk and Contractor Pollution Liability)
coverage based on the project's needs in conjunction with Client Risk Management parameters.
1. Prepare insurance coverage specifications.
2. Compile underwriting data and prepare market submission
3. Analyze carrier proposals and present recommendations
4. Bind coverage as directed by Client
5. Review policies for compliance with terms and conditions bound
B. Process changes,endorsements and premium invoices.
C. Issue required certificates of insurance in a timely manner.
D. Review premium audits for accuracy and correctness.
E. Conduct Client meetings as necessary.
F. Provide periodic reports relative to the bound program including a description of open items.
G. Provide research and advice in response to Client questions as needed.
II. Claims Management Services
A. Act as client claims advocate for all claims.
B. Establish claims service standards with carrier(s).
C. Review loss runs for accuracy and resolve any incorrectness with carrier.
D. Review denied claims for correct application of coverage.
E. Process claim notifications to appropriate insurance carriers.
III. Loss Control Services
A. Provide Loss Control consulting as needed.
52194:City of Aspen-CIP\\\'-(Phase 2)Burlingame Ranch Bldgs 1-3\1)rops and Sums\prop 0313.docx City of Aspen/hfacch 6,2013-8
LOCKTON ADMINISTRATIVE AND GENERAL SERVICES
OCIP Services
Burlingame Ranch Phase II Project
Project Specific
Lockton shall serve as the OCIP Administrator for the project known as "Burlingame Ranch Phase II
Project"
I. OCIP Administration
A. Provide sample OCIP contract language to the Client and assist the Client's legal counsel in finalizing
the contract document.
B. Prepare an OCIP Manual that includes claims reporting procedures and enrollment procedures and
support the project team in the preparation of all bid packages as relates to the OCIP.
C. Provide copies of the OCIP policies upon request by a contractor/subcontractor for review with the
approval of the client.
D. Ensure enrollment by all contractor and subcontractors required to participate in the OCIP,and verify
compliance with the OCIP requirements.
E. Obtain (on Acord Form 27) certificates of insurance from enrolled contractors evidencing required
coverages and provide certificates of insurance to enrolled contractors evidencing OCIP coverage.
F. Maintain Project documentation related to the OCIP.
G. Provide reports to Clients summarizing OCIP activities,progress and costs.
H. Program Closeout
A. Coordinated the insurance carrier(s) audit review.
B. Additional close-out activities as dictated by actual program design.
52494_City of Aspen-CIP\\C-(Phase 2)Burlingame Ranch Bldgs 1-4\11rops and Sums\prop 0313.docx City of Aspen/March 6,2013-9
LOCKTON ADMINISTRATIVE AND GENERAL SERVICES
Fees
Burlingame Ranch Phase II Project
FEE FOR SERVICES
General Services
Lockton will be compensated via commissions that will be a part of the premiums paid for those coverages.All
commissions are earned at the inception of the program.
OCIP Services
General Liability Program
Administration and Close-Out $ 20,000
All fees are earned at the inception of the program.
Third-Party QA/QC (estimated$500/door) $ 41,000 (estimated)
52494:City of Aspen-CIP\W-(Phase 2)Burlingame Ranch Bldgs 1-4\Props and Sums\prop 0313.docx City of Aspen/March 6,2013-10
COMMERCIAL GENERAL LIABILITY
INSURER: Houston Casualty Co. (Best's Rating: A+ XIV)
❑ Admitted Carrier
Q Nonadmitted Carrier
Surplus Lines Tax
POLICY NUMBER: H12PC30065-00
POLICY TERM: 48 months
(Effective binding of Phase tai and term will include Phase tau)
LIMITS OF
LIABILITY: General Aggregate limit(other than Products aggregate)..............5 2,000,000
Products—Completed Operations aggregate limit..........................$ 2,000,000
Personal and Advertising Injury limit................................................$ 2,000,000
Bodily Injury and Property Damage occurrence limit....................$ 2,000,000
Damages to premises rented to you................................................... See Fire Legal
Fire Legal Liability limit(any one fire)...............................................$ 50,000
Medical Expense limit(any one person)........................................... Excluded
DEDUCTIBLE(S): ❑ No deductible applies
❑ Per claim.......................................................................................... Not Applicable
QPer occurrence................................................................................5 25,000
❑ Aggregate........................................................................................ Not Applicable
Q Defense:
❑ Deductible applies to damages only
Q Deductible applies to damages and defense costs
Q Deductible applies to:
Q Bodily Injury only ❑ Both
Q Property Darnage only ❑ Other:
Q Deductible reduces policy limit
DEFENSE: Q Inside the limit of liability
❑ Outside the limit of liability
PROJECT: Project: Burlingame Ranch Phase II
Address: Aspen,Colorado 81611
Sponsor: City of Aspen
Description: Vertical Phase tai including buildings #1-4 and 48 units,Phase
2aii to be endorsed thereafter for additional premium
Coverage does not apply unless a"✓"appears in the box.
52494:City of Aspen-CIP\W-(Phase 2)Burlingame Ranch Bldgs 14\Props and Sums\prop 0313.docx City of Aspen/March 6,2013-11
COMMERCIAL GENERAL LIABILITY
FORM EXTENDED
TO INCLUDE: 0 "Wrap-up program change endorsement
- - 0 Extend products/completed operations period—statute of limitations or
repose,or ten years,whichever is less
0 Exclusion j,k,and 1 are deleted from CG0001
0 Who is an insured includes your enrolled contractors while performing
duties related to the covered project
0 Limits apply for the policy period including the extended completed
operations period and do not reinstate
❑ Per project endorsement
❑ Per location endorsement
❑ Blanket additional insured(as required by written contract)
❑ Primary and noncontributory wording applies
❑ Completed operations included;length: not applicable
0 Additional insureds:
❑ Club members
❑ Volunteers
❑ Users of golfmobiles
❑ Church members
• Lessors of leased equipment
• Elected and/or appointed officers
0 State of Politic Subdivisions Permits
0 Mortgagee,assignee,or receivee
• Blanket vendors (as required by written contract)
• Fellow employee exclusion deleted
❑ Limited to key personnel—Who:
• Pollution exclusion amended to cover:
❑ Building heating equipment
❑ Contractor's site (limited coverage—refer to the policy form)
❑ Hostile fire
❑ Products
❑ Other:
• Employee benefit liability:
❑ Claims made
❑ Claims made and reported
#of days to report claim: N/A
Limit:
❑ Per claim
❑ Per employee
❑ Retroactive date:
❑ Aggregate
Deductible:
❑ Per claim
❑ Per employee
Coverage does not apply unless a"✓"appears in the box.
52494:City of Aspen-CIP\\C'-(Phase 2)Budingime Ranch Bldgs 1-4\Props and Sums\prop 0311docs Cite of Aspen/Mardi G,2013-12
COMMERCIAL GENERAL LIABILITY
FORM EXTENDED
TO INCLUDE: CONTINUED
❑ Broad form named insured (#of days N/A)
❑ Worldwide territory
❑ Broad knowledge of occurrence
❑ Unintentional errors and omissions
Q Host liquor
❑ Personal injury--contractual exclusion deleted
❑ Discrimination(non-employment-related only)
❑ Definition of bodily injury includes resultant mental anguish,etc.
❑ Waiver of subrogation(as per written contract
and where allowed by law)
❑ Preloss wording
❑ Blanket wording
EXPOSURES:
State" fl ,.4Descri ton
p Bas�sRate Premium°
CO Units I u) 821 Flat $ 140,000
a) Area
C) Cost
e) Each
0 Frontage
P) Payroll
m) Admissions
r) Receipts
s) Sales
n) Number
U) Unit
ADDITIONAL
INTERESTS/
CERTIFICATE
RECIPIENTS: (See attached schedule on file with the company.)
NOTES: Higher limits may be available on request.
Coverage does not apply unless a"✓" appears in the box.
52494:City of Aspen-CIP\\\'-(Phase 2)Burlingame Ranch Bldgs 1-4\Props and Sums\prop 0313.docs City of Aspen/March 6,2013-13
COMMERCIAL GENERAL LIABILITY
TERM PREMIUM: $ 140,000• Flat premium
$ 4.200 CO surplus lines tax
$ 144,200 Total
• Minimum and deposit apply—100%
• Minimum earned premium applies—25%
El Optional TRIA quote—$5,768
OPTIONAL QUOTE
FOR VERTICAL
CONSTRUCTION: Upon notification from the Insured and prior to the beginning of construction
other than what is listed above,we will endorse the policy with the following:
❖ Increase the policy term no longer than five years in total.
❖ Amend Description of Operations and form HPC 040 09 01 12 to include
the following wording: Construction of 82 rent-to-own townhomes within
seven frame buildings (three stories of frame over concrete pads) for deed
restricted city workers.
❖ Form CG 2153 01 96—vertical construction exclusion—will be removed
from the policy.
❖ Notification to endorse Phase 2ai must be given prior to April 15,2013.
❖ Vertical Phase 2aii can be endorsed for an additional estimated premium of
$93,636 and to be included within the above summarized 48-month term.
IMPORTANT: Certain contracts that are entered into contain an indemnity or
hold-harmless agreement. The contractual liability created by the
hold-harmless agreement is the assumption,by contract,of another's
liability. The contractual liability coverage part of the Commercial
General Liability policy has limitations and exclusions that may apply to
portions of the hold-harmless agreement.
MONTROSE
WORDING: Most Commercial General Liability policies now contain what is referred to as
"Montrose"wording. Essentially,coverage is precluded if any owner,partner,
director,officer,or employee authorized by an insured to give or receive notice
of an"occurrence"knew of an occurrence involving"Bodily Injury"or
"Property Damage"prior to the policy period. Refer to your policy for complete
terms and conditions.
Generally,these losses are not covered if they are the subject of"Prior or Claims
Litigation." Some"Montrose"endorsements preclude coverage for continuing
losses where the per"occurrence" first happened prior to the policy period,
regardless of when there was knowledge that the occurrence had taken place or
whether a claim or litigation was already pending.
Coverage does not apply unless a"✓" appears in the box.
52494:City of Aspen-CIP\%C'-(Phase 3)Burlingame Ranch Bldgs 1-4\Props and Sums\prop 0313.docx City of Aspen/March 6,2013-14
COMMERCIAL GENERAL LIABILITY
SUBJECT TO: These terms are subject to review of additional documentation at which
time pricing is subject to change or quote may be pulled:
1. An updated and signed ACORD and Wrap Application-required within 15
days of binding.
2. Signed terrorism selection form prior to binding.
3. Trades not allowed to be enrolled: environmental remediation contractors
and architects and engineers.
At Binding:
I. Prior to the start of construction the insured must contract with an approved
provider for third-party engineering services to be performed during the
course of construction.We require 100%inspection for all condo or
townhome construction and at least 50%inspection for single family hones.
Prior to binding,we must review and approve the proposal for third-party
engineering services.The cost of the service is paid by the insured.As a
condition of coverage,we require receipt of the complete third-party
documentation upon completion of the project.Approved providers include:
2. LJP (LaJolla Pacific):M-L McKinley de Vance 949-336-8903
3. Builders Protective Group:Adam Shaw 310-356-4840
4. Or other agreed firm
MAJOR
EXCLUSIONS: (Refer to the policy for a complete list.)
Bodily Injury/Property Damage
❖ Expected or intended acts
❖ Liquor liability(exclusion applies only if you are in the business of
manufacturing,distributing,selling, servicing,or furnishing alcoholic
beverages)
❖ Any obligation under a workers'compensation,disability benefits,or
unemployment law or similar law
❖ Bodily injury to any employee (including a spouse,child,parent,brother,or
sister of that employee as a consequence of the above, but does not apply to
an insured contract)
❖ Pollution
Bodily injury/property damage arising out of ownership,maintenance,use,
or entrustment of any aircraft,automobile,or watercraft owned or operated
by or rented or loaned to any insured (except nonowned watercraft under
26 feet)
War
❖ Property damage to property that you:
❖ Own,rent,or occupy(except property damage to premises rented to
you for less than seven F] days—excluding fire damage)
Sold,gave away,or abandoned
Have loaned to you
Have in your care,custody,or control
Coverage does not apply unless a"✓"appears in the box.
52494:City of Aspen-CIP\V'-(Phase 2)Burlingame Rands Bldgs 1-4\Props and Sums\prop 0313.docx City of Aspen/March G,2013-15
COMMERCIAL GENERAL LIABILITY
MAJOR
EXCLUSIONS: CONTINUED
❖ Property damage to your product or your work arising out of or any part of
it (except coverage is excess for work performed for you by subcontractors)
❖ Property damage to impaired property arising from a defect,deficiency,
inadequacy,or dangerous condition in"your product or work"or a delay
Withdrawal,recall,etc.
❖ Contractual(except as provided below):
Lease of premises
Sidetrack agreement
❖ Any other easement except in connection with construction or
demolition operations of or within 50 feet of railroad
❖ Indemnification of a municipality as required by ordinance,except in
connection with work for municipality
❖ Elevator maintenance agreement
❖ (TORT LIABILITY) coverage will apply for liability assumed in a
contract for a third party. Tort liability is a civil wrong.
Personal Injury and Advertising Injury
❖ By or at the direction of the insured with the knowledge that the act would
violate the rights of another and would inflict personal and advertising injury
❖ Oral and/or written publication—known falsity
❖ Prior publication (prior to inception date)
❖ Criminal act committed by or at the direction of the insured
❖ Willful violation of statute
❖ Contractual except tort liability
Breach of contract except an implied contract to use another's advertising
ideas in your advertisement
❖ Failure to conform to advertised quality and/or performance
❖ Wrong description of price and/or goods,etc.
❖ Any offense if the insured is in the business of advertising,broadcasting,or
telecasting
Medical Payments
❖ Bodily injury to insured
❖ Bodily injury to person hired to work for the insured
❖ Bodily injury to a person injured on that part of premises you own or rent
that the person normally occupies
Workers'compensation
❖ Taking place in athletics
❖ Exclusions as shown in bodily injury/property damage
❖ War
❖ In products and/or completed operations hazard
Coverage does not apply unless a"✓"appears in the box.
52494:City of Aspen-CIP\\C'-(Phase'_)Burlingame Rlncli Bldgs 1-4\Props and Sums\prop 0313.docx City of Aspen/March 6,2013-16
COMMERCIAL GENERAL LIABILITY
MA]OR
EXCLUSIONS: CONTINUED
Other
❖ Terrorism
❖ Mold, fungi,etc.
❖ Exterior insulation finishing systems (EIFS)
Silica
Subsidence
❖ Violation of economic and trade sanctions
❖ Violation of statutes in connection with sending,transmitting,or
communicating any material or information (unless otherwise provided)
Asbestos
❖ Arsenic
Wrap-up cross suits
❖ Lead
❖ Sulfates
Coverage C—medical payments
Employment-related practices
❖ Total pollution
❖ Designated exclusion: any vertical construction
❖ Construction management errors and omissions
Engineers,architects,or surveyors professional liability
Real estate errors or omissions
The above narrative is intended only as a guideline.
Policy provisions determine coverage.
Coverage does not apply unless a"✓"appears in the box.
52494:City of Aspen-CIP\\\'-(Phase 2)Burlingame Ranch Bldgs 1-4\Props and Sums\prop 0313.docs Cite of Aspen/March 6,2013-17
A
EXCESS LIABILITY
INSURER: Ironshore Specialty Insurance Co. (Best's Rating: A-XIII)
❑ Admitted Carrier
Q Nonadtnitted Carrier
Surplus Lines Tax
POLICY NUMBER: 001346600
POLICY TERM: 48 Months
(Effective binding of Phase 2ai and term will include Phase 2aii)
LIMITS: Combined bodily injury and property damage
Eachoccurrence............................................................................$ 10,000,000
Annual aggregate(single general and products/completed
operations aggregate—no aggregate reinstatements)...............$ 10,000,000
UNDERLYING
LIMITS: Combined bodily injury and property damage
Eachoccurrence............................................................................$ 2,000,000
Aggregates..............................:........................................................$ 2,000,000
UNDERLYING
INSURER: Houston Casualty Co.
DEFENSE: 2 Inside the limit of liability
❑ Outside the limit of liability
FORM: ❑ Pay on behalf
❑ Indemnity
❑ Follow form of primary general liability
❑ "Per job" aggregate applies
❑ "Per location"aggregate applies
MAJOR
EXCLUSIONS: (Refer to the policy for a complete list.)
Nuclear energy liability
Pollution
❖ Asbestos
Terrorism(unless otherwise provided)
Mold, fungi,etc.
Exclusions listed in underlying policies
Coverage does not apply unless a"✓" appears in the box.
52494:City of Aspen-CIP\W-(Phase 2)Burlingame Ranch Bldgs 1-4\Props and Sums\prop 0313.docx City of Aspen/March 6,2015-18
EXCESS LIABILITY
MAJOR
EXCLUSIONS: CONTINUED
❖ Crisis management exclusion
Velar or military
❖ Other laws
NOTE: Higher limits may be available on request.
TERM PREMIUM: $ 75,000 Premium
$ 2.250 CO surplus lines tax
$ 79,250 Total
Q Minimum and deposit apply—100%
Q Minimum earned premium applies—25%
Optional TRIA quote—$773
VERTICAL
CONSTRUCTION: Vertical construction of 82 rent-to-own townhomes within seven frame buildings
(three stories of frame over concrete pads) for deed restricted city workers.
Policy term to be increased to a maximum of five years total.Notification must
be provided prior to April 15,2013.The above summarized premium and term
encompasses both Phase tai and Phase 2aii.
SUBJECT TO: Due at time of binding:
❖ Signed TRIA form
Details of quality assurance/quality control
Applicable tax forms if bound
Coverage does not apply unless a"v"'appears in the box.
52494:City of Aspen-CIP\\X'-(Phase 2)Burlingame Ranch Bldgs 1-4\Props and Sums\prop 0313.docx Cite of Aspen/March G,2_013-19
CONTRACTORS ENVIRONMENTAL IMPAIRMENT LIABILITY
INSURER: Chartis Specialty Insurance Co. (Best's Rating: A XV)
❑ Admitted Carrier
0 Nonadmitted Carrier
Surplus Lines Tax
POLICY NUMBER: To Be Determined
POLICY TERM: Five years
(Effective April 30,2012 to April 30,2017)
COVERAGE: Covers loss that an insured is legally obligated to pay as a result of an
environmental impairment from a covered operation and includes,if so
indicated,completed operations.
FORM: ❑ Claims made ❑ Claims made and reported
0 Occurrence
0 Pay on behalf Project-specific
❑ Indemnity
DEFENSE: 0 Inside the limit of liability—after claim expenses reach$750,000
0 Outside the limit of liability—until claim expenses reach 25%of aggregate
(or$750,000)
DEDUCTIBLE(S): $ 25,000
0 LAE*inside the deductible—after claim expenses reach$750,000
0 LAE*outside the deductible until claim expenses reach 25% of aggregate (or
$750,000)
*Loss-adjustment expenses
RETROACTIVE
DATE: Not Applicable
COVERED
OPERATIONS: ❖ Burlingame Ranch Phase II
130 S. Galena St.,Aspen,CO 81611
Construction of townhomes
Seven buildings, 82 units
Coverage does not apply unless a"✓"appears in the box.
52494:City of Aspen-CIP\\r'-(Phase'_)Burlingame Ranch Bldgs 1-4\Props and Sums\prop 0313.docc City of Aspen/March 6,2013-20
CONTRACTORS ENVIRONMENTAL IMPAIRMENT LIABILITY
LIMITS OF
LIABILITY*: Per loss....................................................................................................$ 3,000,000
Per policy,....... . .....$ 3,000,000
Emergency response costs...................................................................$ 250,000
* Limits do not reinstate on an annual basis for multi-year policy terms unless
specifically stated.
TERRITORY: The United States,its territories or possessions,or Canada,its provinces or
territories
MAJOR
EXCLUSIONS: (Refer to the policy for a complete list.)
❖ Prior impairment,if any officer,director,partner,or employee responsible
for environmental affairs knew or could.have reasonably foreseen
Claims seeking injunctive or equitable relief
Arising out of the ownership or operation of an offshore facility
❖ Workers'compensation,etc.
❖ Bodily injury to any employee or spouse,etc.
❖ Contractual(except when indicated below)
❖ Cleanup costs (except when indicated below)
Ownership, maintenance,use,operation,loading,and/or unloading of any
automobile,aircraft,watercraft,or rolling stock (covers mobile equipment)
Nuclear
❖ Arising out of goods and/or products manufactured,sold,etc.
❖ Bodily injury and/or property damage to products manufactured, sold, etc.
❖ Intentional noncompliance with any statute,regulation,etc.
Acid rain
War
Asbestos (except when indicated below)
❖ Disposal,transportation,etc. (except when indicated below)
❖ Underground storage tanks,including repair and maintenance
Taxes,assessments,punitive damages,etc.
Rendering or failing to render professional services
Sites deemed as "superfund"or that are on the National Priorities List
❖ Terrorism(unless otherwise provided)
❖ Mold,fungi,etc. (unless specifically covered)
❖ Lead-based paint(except when indicated below)
Coverage does not apply unless a"✓"appears in the box.
52494:City of Aspen-CIP\\C'-(Phase 2)Burlingame R—ch Bldgs 1-4\Props and Sums\prop 0313.docx City of Aspen/March 6,2013-21
CONTRACTORS ENVIRONMENTAL IMPAIRMENT LIABILITY
EXTENDED
REPORTING
CONDITIONS: Number of days to purchase............................................................. Not Applicable
Lengthof"tall".................................................................................... Not Applicable
Additionalpremium............................................................................ ❑ Yes ❑ No
Limitreinstated.................................................................................... ❑ Yes ❑ No
Premium fully earned......................................................................... ❑ Yes ❑ No
Insured can purchase irrespective of who cancels or
nonrenews..................................................................................... ❑ Yes ❑ No .
FORM EXTENDED
TO INCLUDE: Q Contractual exclusion amended to cover:
❑ Scheduled contracts
❑ Blanket contractual when required by written contract
Q Limited to contracts between named insured and
their clients
Q Definition of bodily injury includes mental anguish,
shock,and emotional distress
Q Natural resource damage
❑ Definition of bodily injury includes medical monitoring
Q Definition of pollutant includes mold,fungi,and bacteria
(microbial matter)
❑ Claims made
❑ Retro date:
Q Occurrence
Q Definition of pollutant includes legionella
Q Definition of pollutant includes electromagnetic fields
Q Nonowned disposal sites for three years after expiration
Q Blanket
❑ Scheduled
• Transportation
Q First party
• Contingent third party
• Including illicit abandonment
• Includes insured locations—First-party clean up
• Waiver of subrogation
F1 Covers punitive damages, fines,and penalties (silent)
Q Additional defense costs outside of the limit
❑ Limited asbestos/lead coverage clean-up in soil/
groundwater
❑ Third-party bodily injury for asbestos/lead
Q Owner Controlled Insurance Program Endorsement
Q Covers contractor and subs
Q Covers owned property
Q Project Protect Project Owner Controlled Endorsement
Q Completed operations–eight years
Coverage does not apply unless a"✓"appears in the box.
52494:City of Aspen-CIP\\C'-(Phase 2)Burlingame Ranch Bldgs 1-4\Props and Sums\prop 0313.docx Cite of Aspen/\larch 6,2013-22
CONTRACTORS ENVIRONMENTAL IMPAIRMENT LIABILITY
NOTE: Higher limits may be available on request.
TERM PREMIUM: $ 34,972 Premium(last installment of two installments)
$ 0 3%CO surplus lines tax(paid during first installment)
$ 34,972 Total
❑ Minimum and deposit apply
❑ Mini num earned premium applies
❑ Subject to audit Rate:
0 TRIA—additional$629 plus 3% surplus lines tax
❑ Surplus lines tax
Q 50%of premium due at inception, 50%due 12 months thereafter
Q Both installments total$72,041
Coverage does not apply unless a"v"'appears in the box.
52494:City of Aspen-CIP\\C'-(Phase 2)Burlingame Ranch Bldgs 1-4\Props and Sums\prop 0313.docx City of Aspen/March G,2013-23
BUILDERS RISK (INCLUDING EARTHQUAKE AND FLOOD)
INSURER: ACE American Insurance Co. (Best's Rating: A+XV)
0 Admitted Carrier
- ❑ Nonadmitted Carrier
Surplus Lines Tax
POLICY NUMBER: To Be Determined
POLICY TERM: 12 Months
COVERAGE: 0 Builders Risk: Covers buildings,structures,or projects under construction
and,if so indicated,extends to'include property that will become a
permanent part of the building while in transit or at a temporary location.
PERILS INSURED: 0 Special form
TERRITORY: Fifty states of the United States of America,including the District of Columbia
and Canada.Property in transit from Hawaii or Alaska is not covered.
WARNING: (Refer to your policy for complete terms and conditions.)
Policy language dictates "when coverage ceases"on a per project basis.
MAJOR
EXCLUSIONS: (Refer to the policy for complete terms and conditions.)
Increased cost of construction
Wear and tear
Dishonest acts
❖ Inadequate or defective planning or design
Delay
Freezing
❖ Testing
❖ Mechanical breakdown
Existing structures
❖ Occupancy
❖ Flood and earthquake unless shown as covered above
❖ Terrorism(unless otherwise provided)
❖ Mold,fungi,etc. (unless specifically covered)
Exterior Insulation Finishing Systems (EIFS) (unless specifically covered)
Coverage does not apply unless a"✓"appears in the box.
52494:City of Aspen-Clp\�X'-(phase 3)Budingamc Ranch Bldgs 1-4\Props and Sums\prop 0313.docx Ciq-of Aspen/March 6,3013-24
BUILDERS RISK (INCLUDING EARTHQUAKE AND FLOOD)
LIMITS OF
LIABILITY: Per job-site limit....................................................................................$ 20,200,377
Flood sublimit (annual aggregate) (except Zone A)........................$ 20,200,377
Earthquake sublimit(annual aggregate).............................................$ 20,200,377
Water damage (other than flood) sublimit........................................$ 20,200,377
Windstorm (other than named) sublimit...........................................$ 20,200 377
Transitlimit............................................................................................
$ 1,000,000
Temporary location limit.....................................................................$ 1,000,000
DESCRIPTION: Remaining infrastructure work,retaining walls,
and Vertical Phase 2ai for planned townhome community,
Burlingame Ranch Phase II,Aspen, CO
DEDUCTIBLES: All other perils.......................................................................................$ 10,000
Flood.......................................................................................................$ 25,000
Earthquake.............................................................................................$ 25,000
Waterdamage........................................................................................$ 25,000
Soft costs/rental income......................................................................#of days 15
COINSURANCE: None
VALUATION: ❑ Actual cash value
0 Replacement cost
FORM: 0 Completed value
❑ Reporting form
❑ Monthly ❑ Quarterly
(Reports must be submitted within days of the last day of the month.
Failure to do so may result in a coinsurance penalty.)
OPTIONAL
COVERAGES: 0 Waiver of subrogation (as per written contract and
whereallowed by law)................................................................... Covered
Definition of flood includes:
0 Backup of sewer and drain
0 Standard deductible
❑ Flood deductible
0 Surface water
❑ Standard deductible
0 Flood deductible
❑ Mudflow
Coverage does not apply unless a"✓"appears in the box.
52494:City of Aspen-C1P\%X'-(Phase 2)Burlingame Rands Bldgs 1-4\Props and Sums\prop 0313.docx City of Aspen/hlarc6 6,2013-25
BUILDERS RISK (INCLUDING EARTHQUAKE AND FLOOD)
OPTIONAL
COVERAGES: CONTINUED
0 Definition of earthquake includes:
0 Subsidence
0 Mudflow
0 Volcanic activity
0 Glass................................................................................................ Covered
0 Testing cold testing only Covered
0 Freezing(except damage to landscaping) Covered
❑ Soft costs......................................................................................... Not Covered
Describe:
0 Covers interest of owners,subs, and sub's subs
❑ Loss of income/rents...........................................................I........ Not Covered
❑ Riggers............................................................................................. Not Covered
❑ No legal liability requirement
0 Partial occupancy allowed for purposes intended for this
project
0 Scaffolding,form,falsework........................................................ Included
0 Land exclusion deleted(excavation cost covered)
❑ Waterborne coverage.................................................................... Not Covered
❑ Property located underground..................................................... Not Covered
❑ Increased cost of construction.................................................... Not Covered
0 Debris removal............................................................................... 25%of Loss,
$1,000,000 max.
0 Pollution..........................................................................................$ 100,000
0 Faulty design and/or workmanship exclusion
amended to cover resultant damage by a covered peril
0 Artificial current exclusion amended to cover
resultant damage by a covered peril
0 Rust,corrosion,etc.,exclusion modified to cover
resultant damage by a covered peril
❑ Mechanical breakdown exclusion modified to
cover resultant damage by covered peril.................................... Not Covered
❑ Covers building material after it has become part
of the building(installation floater only) ................. Not Covered
❑ "When interest ceases"section modified to:
0 When financial interest ceases
0 You abandon with no intent to complete
❑ 90 days after completion
NOTE: Higher limits may be available on request.
Coverage does not apply unless a"✓" appears in the box.
52+94;City of Aspen-CIP\\C'-(Phase 2)Burlingame Rands Bldgs 1-3\Props and Sums\prop 0313.docx City of Aspen/March G,2013-26
BUILDERS RISK (INCLUDING EARTHQUAKE AND FLOOD)
ESTIMATED
ANNUAL PREMIUM: $ 57,671
(($18,700,377 HC x-.28) +$1,500,000 SC x$.354))/100-
0 Minimum and deposit apply—100%
0 Minimum earned premium applies—25%
0 Subject to audit—$0.28 annual rate HC;$354 SC
0 Optional TRIA—3%or$1,730
Q Future values and vertical work will be reviewed annually as additional
coverage and policies are needed
SUBJECTIVITIES
AND CONDITIONS: ❖ Itemized soft costs
❖ Fire protection class 5 with working fire hydrants at project site
Security must include fenced,locked project site,lighting,and on premises
security during non-working hours
Coverage does not apply unless a"V"'appears in the box.
52494:City of Aspen-CIP\W-(Pliase 2)Burlingame Ranch Bldgs 1-4\Props and Sums\prop 0313.docx City of Aspen/March G,2013-27
OCIP FINANCIAL SUMMARY
Inssr_Program Financial Estimate
As of:3108/2013
pr ieat Address: _..Aspens CO 81611-(at Ote end of Hamlmry Rd and Mmetlatay to tM vast of the Butgame Ranth Phase I)
proie,,t R tine base Construction of Townlames $4,063,637
Total Cor'eb-tbn Valle for Infres0ut : $19,116,676
Total Con60uctbn Vale for 2013&2014(Bldgs 14,48 units,and Parkrg)-Phase 2a[ $12,299,000
Total Cons -'bn Value for 2015(Bogs 5-7,34 alts,and parkng)-Manse tai: $2,500,000
Soft Costs $;7,979,313
Total Co stnctbn Valves:
Corstru:tiayC.—ge Term for Infrasburnre: 8 Monts(9/15/2012 m 12/15/2012)
Total Cor otr wn Vale for 2013&2014(Bldgs 14,48 nits,and padog)- se tat 14.5 Manas(4/1/2013 to 6/15/2019)
Total CorstnuC=Vake for 2015(Sklo 5-7,34 units,and parking)-Phase tai: 8 Mofds(12/1/2014 m 6/1/2015)
82
No,of Unts:
I'OQ[ar#eswA55'!_s16 109030 71 E F
Puna General Ina O tonal Temor6m 4 2 3 408 149 968 93 636
$78.023 $104,03D 78 023 0
Excess a
Con—ws Polfion LiaWtY(OpbVW TCnor6m) 37 699 3490 37 693 34972
Otherinsurarce Program Costs $8,000 $61000 (8,000 $61,000 0
enders Rsk Optbrel Tertorsnn) 55,097 $77,250 $5,047 359,901 $39,495
25
1oiisSoiffiwolt
. S8$ Of'"aiwrai llatiiR -. i �I I'�p51b&'&ii S0'
Pa Linds 2M 2M 2M 2M 2M 2M
mn
12 Months 48 Additional M-tte 12 Month. 48 AOdooaal Montl'4
P Tenn $25,000 $25000
De&,tbE
Hard Costs
100000 0 $24,000,000 4 063 637 19 116 taa 12 299 000
Rate-Term Flat Rate Flat Ram
Fitted Coats 90 000 200 000 90 000 140 000 $81,412
Fees&Taxes 270 000 700 200
RIPRA 0 - ITenorSm 3 708 240 S3 708 5 7fiB 3601
21
�. Tatrirdrd...TarrorGlw.. 10_. w IY `
option m odors vertical work ant increase term uv m s years mtal mr the addNOml premum,me6aaan must be gwen prior m 9/ISRa13
2s%miHmum aar-d at irKepaon,100%afar 12 m9M,a/Sao%minm�m am&"a
Wusmn Casualty les agreed m brcabut the wtical Nemium r.Wlrem—by Phase mva g ppEmtbn
subied:m geokch aM M koer suhN wil comply and have r lowed mrabucdan Pkm ant gee h rca,Risk review ant Rd Pa AC,s nod a gooat
a Since tl+a phase 2aii Cvs may Pma .ly mvzaze from rhz original bound Iiab.,y pro Nam,WLLSron Casualty may require addiaonal premium.but we feel Trs can be ne zd ones Pnaza_oil's CVs ara dztermined
' a5 'R,'sf'F{hF@:+fZt'.Ifa1�l10r�$ al
,,'�.<xq',' 4TM�R><OmauaF+ll ;. ,F._,�;- , casuutma 1curT uer� arr,��wpfu�
Excess tmrts sIo,o6o,aoo $1a,000,000
P Tenn 12 Months 48 AddOOnal Monks 12 Months 48 Addtnral Mantfs
Fired Coax _ 100 000 75 000 100 000 75 000 0
Fees&Taxes 3 000 2 250 3 000 2 250 0
TRIPRA ermnsm u .11030 71 23 104 39-:. 7e-23 0
4atl-Flail }as'Ytfid7aar i1d 3'irF6timl. - 1 # ',,. -.". �... 3!
Opaon m Worse vemsal work ant wease ter u0 m S Years mbl mr S>5,000 AD,nay/roh'an must be amn NiDr m 4/15/2013
100%pf$104,030 h due at NW'ant 100%of 576,023 m due when notaoeon or.eNrd work is powded
25%minmum carried at IncepEen,1009E afer 12 m—/100%minmum ant&pas!
Subjaa:m signed aPpliradan and detail d R'ak Management ant Qualdy Assvance
.- •. 4Lm - ptlaartls:3f �. ..,.
. tl iNe3f
f,4Y41 H'C 4Viotors PoRu6obLlaNliq'}da-:!'iWl7' 3 000 000 3 000 000
CPL L is 60 Monds 60 Moths
Pa Term 25 000 25 000
Deducible 8 Years 8 Years
Can ted 0 ratbre P—d $2.17 $2,17
Rate-Term
Filed Cads �134.97234 34 972 34 972 098 0 Fees&Taxes emum ITemorsm 629 0
... 0.
ublaota ntd-.Gyros 14dLKl Tarr sa 7 O°
Remaining$34,972 du an 4/30/N113
W - - R'ecktoTn ,we
Imraneetwlsy,.� $rti� i my ivnr
Carver Pm ect Rak Review
3000 0 3000 0 0
Lockton Admnsoatiye fees 3-Term:48 monds $5,000 200 5 000 20 000 0
3rd Pa C 2-Not a LOCktan Fee 91 000 10 $41,000 10
omlDtlte'r'bw4iari0ep mWb 6 61
ABW141ars Rink 5 12 Months $tin 24TI6
{
p- Term B0 12 MonW 12 Months 12 Month4
Hard Casts 7 000 000 000000 7000 000 18 700 377 1 931 000
Soft Costs Irclded 2 500 000 Gt... 1 500,000 $1,000,000
Total Linit 7000000 26 500 000 7 000 000 20 200.377 $13,431,000
Ea cake ling $7$000000 26 500 000 7000 OOD 20 200 377 13 431 000
Fhotl Lin[ 7.000,000 26,500.000 7 000 000 20 200 377 $13,431,000
Deductibles
P scan Dama e
Al other Losses 10,000 10 000 10 000 10 000 10
Water Dama 25,000 25,000 25 000 25 000 25 000
Ea
$50,000 $50,000 50 000 25 000 25 000
Rood cake 50 000 50 000 50 000 25 000 $25,000
Dela h Cam tbn
Soft Cosh 15 Da 5 IS Da s IS.0 s 15.2 5 $ 5
Rate-Mntul Blended 0.07 0.36 0.07 0.29 0.29
Filed Casts 4 900 75 000 4 900 57 671 $39,345
DDeposit Premksn um 4900 75000 4900 57671 380
Fees&Taxes 395
0 0 0 0
RIPRA O atm 147 2250 147 1730 31SISO
tbrlT—r s
� 3 9
olaipriei '►iil`aldTaui'6idui3' 4rrotfaiir 29 103943... -
52494:City of Aspen-CIP\\N'-(Phase 2)Burlingame Ranch Bldgs 1-4\Plops and Sums\prop 0313.docz City of Aspen/March G,2013-28
OCIP FINANCIAL SUMMARY
ACE quoted Phase 2ai,but can only provide an indication for Phase 2aii:
❖ 100%of premium due at inception adjusted at end of policy period,25%minimum earned
❖ Indicated rates may change due to-future market fluctuations -- -
❖ Premium is estimated based on provided phased construction schedule and budget
Existing Retaining Walls are included
❖ Security fence,locked site,lighting and after hours security required or agreed security procedures by GC
❖ Required Fire Protection Class 5 and operational fire hydrants at project site
Notes:
1. Does not include estimated losses paid within the deductible.
2. QC is required;an estimate of the cost for condos would be$500 per door. Owner required to contract with
third party directly.
3. Lockton has been approved to provide administration on wrap-ups.Lockton will provide an administrative
fee for services agreement for signature by the Owner.
4. A favorable loss control survey is required within 45 days of binding.
Note: Lockton will receive commission from the carrier on any issued policy.This is in addition to our
Administrative Fee for Service.
52494:City of Aspen-CIP\W-()hase 3)Burlingame Ranch Bldgs 1-4\Props and Sums\prop 0313.docs City of Aspen/March 6,2013-29