Reso 2010-1640 - Laserfiche WebLink

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3. Remuneration. The City will pay ARN a total fee of $48,000 for the services and equipment to be provided pursuant to paragraph 1 of this Agreement, as follows: a. One Thousand Five Hundred Dollars ($1,500.00) shall be due and payable upon execution and delivery of this Agreement by the parties; b. Upon identification of the radio channel to be used by the City prior to commencement of the Project, fifty percent (50%) of the total fee in an amount equal to Twenty-Three Thousand Two Hundred Fifty Dollars ($23,250) shall be due and payable; c. Upon installation and testing of the station, the remaining fifty percent (50%) of the total fee in an amount equal to Twenty-Three Thousand Two Hundred Fifty Dollars ($23,250) shall be due and payable; 4. Confidentiality of Negotiations. Except to the extent otherwise required by law, neither party shall disclose the existence or subject matter of the negotiations or business relationships contemplated between parties. 5. Expenses of Installation and Equipment. ARN shall be responsible for all labor and equipment costs associated with this project. The City will be responsible for the acquisition, and cost associated with said acquisition, of any and all permits and/or licenses that may be required by the City or any other government entity for the Project, including, without limitation, any and all building permits, environmental inspections and/or permits, and zoning approvals and variances, but expressly excluding the FCC licensing. Further, in the event that a pole or tower is needed for the installation of the antenna, ARN will present to the City the costs associated with the purchase of that tower or pole and the City will be responsible for its' cost and installation. Lastly, in the event that additional costs are incurred in conjunction with the modification of existing or installation of new electrical outlets or phone lines necessary for the installation of the radio station, these costs would be the responsibility of the City. ARN will oversee this work insuring that they properly conform to the specifications necessary for the radio station system. 6. Insurance. During the term hereof, the parties shall each maintain, at their sole cost and expense, all insurance and/or bonds required by law, including but not limited to: (i) worker's compensation insurance as prescribed by the law of the state of Florida; (ii) employer's liability insurance with limits of at least $1,000,000 each occurrence; (iii) comprehensive general liability insurance (including but not limited to contractual liability insurance) with a general aggregate limit of $2,000,000 and limits of $1,000,000 on account of anyone occurrence. Each party shall notify the other of any reduction or possible reduction in the limits of any such policy where such reduction, when added to any previous reduction, would reduce coverage below the limits provided by this Agreement. Each insurance policy shall state by endorsement that such policy shall provide for severability of interest or cross liability, provide that such insurance is 2 Initials: