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Reso 2017-2669
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Reso 2017-2669
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Last modified
4/5/2017 10:44:33 AM
Creation date
4/5/2017 10:43:38 AM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2017-2669
Date (mm/dd/yyyy)
03/16/2017
Description
Agmt w/ PFM Financial Advisors, LLC for Financial Advisory Services.
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MIAMI-DADE COUNTY, FLORIDA Contract No. RFQ00008 <br /> Florida Statute 440. <br /> 2. Public Liability Insurance on a comprehensive basis in an amount not less than <br /> $300,000 combined single limit per occurrence for bodily injury and property damage. <br /> Miami-Dade County must be shown as an additional insured with respect to this <br /> coverage. The mailing address of Miami-Dade County 111 N.W. 1st Street, Suite <br /> 1300, Miami, Florida 33128-1974, as the certificate holder, must appear on the <br /> certificate of insurance. <br /> 3. Automobile Liability Insurance covering all owned, non-owned, and hired vehicles used <br /> in connection with the Services, in an amount not less than $300,000 combined single <br /> limit per occurrence for bodily injury and property damage. • <br /> 4. Professional Liability Insurance in an amount not less than$1,000,000. <br /> The company must be rated no less than "A-" as to management, and no less than "Class VII" <br /> as to financial strength by A.M. Best Company, Oldwick, New Jersey, or its equivalent, subject <br /> to the approval of the County Risk Management Division. <br /> OR <br /> The company must hold a valid Florida Certificate of Authority as shown in the latest "List of All <br /> Insurance Companies Authorized or Approved to Do Business in Florida", issued by the State of <br /> Florida Department of Financial Services and are members of the Florida Guaranty Fund. <br /> Compliance with the foregoing requirements shall not relieve the Contractor of this liability and <br /> obligation under this section or under any other section in this Agreement. <br /> Award of this Contract is contingent upon the receipt of the insurance documents, as required, <br /> within ten (10) business days. If the insurance certificate is received within the specified <br /> timeframe but not in the manner prescribed in this Agreement, the Contractor shall have an <br /> additional five (5) business days to submit a corrected certificate to the County. If the <br /> Contractor fails to submit the required insurance documents in the manner prescribed in this <br /> Agreement Within fifteen (15) business days, the Contractor shall be in default of the contractual <br /> terms and conditions and award of the Contract may be rescinded, unless such timeframe for <br /> submission has been extended by the County. <br /> The Contractor shall be responsible for ensuring that the insurance certificates required in <br /> conjunction with this Section remain in force for the duration of the contractual period of the <br /> Contract, including any and all option years or extension periods that may be granted by the <br /> County. If insurance certificates are scheduled to expire during the contractual period, the <br /> Contractor shall be responsible for submitting new or renewed insurance certificates to the <br /> County at a minimum of thirty (30) calendar days in advance of such expiration. In the event <br /> that expired certificates are not replaced with new or renewed certificates which cover the <br /> contractual period, the County shall suspend the Contract until such time as the new or renewed <br /> certificates are received by the County in the manner prescribed herein; provided, however, that <br /> this suspended period does not exceed thirty (30) calendar days. Thereafter, the County may, <br /> at its sole discretion;terminate this contract. <br /> • <br /> ARTICLE 11. MANNER OF PERFORMANCE • <br /> a) The Contractor shall provide the Services described herein in a competent and <br /> Page7of25 <br /> Rev.5/16/14 <br />
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