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Reso 2020-3052
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Reso 2020-3052
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Last modified
2/25/2021 9:27:08 AM
Creation date
2/21/2020 3:19:44 PM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2020-3052
Date (mm/dd/yyyy)
02/20/2020
Description
Approve 1st Amend w/PFM Financial Advisors for Financial Consulting Svcs
Supplemental fields
Expiration Date
2/20/2022
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• <br /> - l <br /> • <br /> • <br /> 6. OWNERSHIP OF.DOCUMENTS AND EQUIPMENT. All documents prepared by <br /> the Consultant pursuant to this Agreement and related Services to this Agreement are intended and <br /> represented for the ownership of the City only. Any other use by Consultant or other parties shall <br /> be approved in writing by the City. ii"reques eel , Consultant shall deliver the documents to the "` <br /> City within fifteen(15)calendar days. <br /> 7_ • INSURANCE. Consultant shall; at' its°sole°cost and expense, during.the period of any- <br /> • <br /> worl: being performed under this Agrcctttcnt; procure and maintain the following minimum <br /> insurance coverages to pretzel: the City and. Consultant against all loss, claims, damage and <br /> liabilities caused by Consultant, its agents, or employees,as indicated below: <br /> i Comprehensive Genera] Liability Insurance. including broad form <br /> contractual liability coverage for all operations, including, but not limited <br /> to, Premises/Operations. Products/Completed Operations, Contractual, <br /> Independent Contractors, Personal Injury and Property Damage liability <br /> with minimum limits of One Million Dollars ($1.000,000"00) per <br /> occurrence. <br /> ❑ Worker's Compensation, as required by the State of Florida Employer's <br /> I.iahilily. <br /> o Errors and Omissions Insurance: Professional Liability ("E1Tors and <br /> Omissions'') insurance with minimum limits of One Million Dollars <br /> ($1,000,000.00) per occurrence. <br /> lnsurancc required of the Consultant shall be primary to, and not,contribute with,any insurance or <br /> self-insurance maintained by the City. Such insurance shall not diminish Consultant's <br /> indemnification and obligations hereunder. The insurance policv(ies)shall be issued by companies <br /> authorized to do business under the laws of the State of Florida'and acceptable to the City with a <br /> minimum A.M. Best rating of A-Excellent. Before any work under this Agreement is <br /> • <br /> performed, and at any time upon request,Consultant shall furnish to the City certificates of <br /> insurance evidencing the minimum required coverage and shall be appropriately endorsed <br /> for contractual liability,with the City named as additional insured. All policies shall contain <br /> • a waiver of subrogation endorsement. All policies.and certificates shall be in forms and issued by - • <br /> insurance companies acceptable to the City Manager or his desitrnee. All insurance policies.and <br /> certificates icates of insurance shall provide that the policies may not be canceled or altered without thirty <br /> (30) days prior written notice to the City. Consultant shall also require and ensure that each of its <br /> 'sub-contractors providing services hereunder(i l'any)procures and maintains; until the completion <br /> of the services, insurance of the types and to the limits specified herein. ANY E`CCEPTi{)NS <br /> TO TIIE INSURANCE REQUIREMENTS UN THiS SECTION MUST BE APPROVED UN <br /> WRITING BY THE CiTY. <br /> • S. TERMINATION AND REMEDIES FOR BREACH, <br /> A. If, through any cause within reasonable control, the Consultant shall fail to fulfill in <br /> a timely 1 manner or otherwise violate any of the covenants, agreements or <br /> stipulations material to ibis Agreement, the City shall have the right to terminate the <br /> Services then remaining to be performed. Prior to the exercise of its Option to <br /> terminatefci cause l'ic C is sh,lll &itifj the C:nnsiilfai t cif' its riulair�tii•iir"the <br /> particular terms of the Agreement and grant Consultant ten (10)days to cure such <br /> col id i7.4►0-PCM FINANCIAL ADV1SORS,1.1)C 3 S <br />
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