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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 /> respect to the Contractor's ability to perform the Services or any portion thereof, the <br /> County may request that the Contractor, within the timeframe set forth in the County's <br /> request, provide adequate assurances to the County, in writing, of the Contractor's ability • <br /> to perform in accordance with the terms of this Agreement. Until the County receives <br /> such assurances, the County may request an adjustment to the compensation received <br /> by the Contractor for portions of the Services which the Contractor has not performed: <br /> In the event that the Contractor fails to provide to the County the requested assurances <br /> within the prescribed timeframe, the County may: <br /> i. treat such failure as a repudiation of this Agreement;and <br /> ii. resort to any remedy for breach provided herein-or at law, including but not limited <br /> to,taking over the performance of the Services.or any part thereof either by itself or <br /> through others. <br /> c) In the event the County shall terminate this Agreement for default, the County or its <br /> designated representatives may immediately take possession of all applicable <br /> equipment, materials, products, documentation, reports and data. <br /> ARTICLE 25. NOTICE OF DEFAULT-OPPORTUNITY TO CURE <br /> If an Event of Default occurs in the determination of the County, the County may so notify the. <br /> Contractor ("Default Notice"), specifying the basis for such default, and advising the Contractor <br /> that such default must be cured immediately or this Agreement with the County may be <br /> terminated. Notwithstanding, the County may, in its sole discretion, allow the Contractor to <br /> rectify the default to the County's reasonable satisfaction within a thirty (30) day period. The <br /> County may grant an additional period of such duration as the County shall deem appropriate <br /> without waiver of any of the County's rights hereunder, so long as the Contractor has <br /> commenced curing such default and is effectuating a cure with diligence and continuity during <br /> such thirty (30)day period or any other period which the County prescribes. The default notice <br /> shall specify the date the Contractor shall discontinue the Services upon the Termination Date. <br /> ARTICLE 26. REMEDIES IN THE EVENT OF DEFAULT <br /> If an Event of Default occurs, the Contractor shall be liable for all damages resulting from the <br /> default, including but not limited to: <br /> a) lost revenues; <br /> b) the difference between the cost associated with procuring Services hereunder and the <br /> ' amount actually expended by the' County for re-procurement of Services, including <br /> procurement and administrative costs; and <br /> c) such other direct damages. <br /> The Contractor shall also remain liable for any liabilities and claims related to the Contractor's <br /> default, The County may also bring any suit or proceeding for specific performance or for an <br /> injunction. <br /> ARTICLE 27. PATENT AND COPYRIGHT INDEMNIFICATION <br /> a) The Contractor shall not infringe on any copyrights, trademarks, service marks, trade <br /> Page 14 of 25 <br /> Rev. 5/16/14 <br />
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