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Agenda - Council - 08/15/1988
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Agenda - Council - 08/15/1988
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
08/15/1988
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<br />following policies of insurance, approved by the city <br />Administrator, showing that such insurance is in force. All <br />endorsements shall apply to both bodily injury or death and <br />property damage coverages. <br /> <br />A. <br /> <br />comprehensive <br />insuring against <br />in the sum of $ <br />the sum of $ <br />same occurrence, <br />of $ <br /> <br />general public liability insurance <br />liability for bodily injury or death, <br />for anyone person and in <br />for two or more persons in the <br />and for damages to property in the sum <br /> <br />B. Workers' compensation insurance and employers' <br />liability insurance as required by law. <br /> <br />C. Automobile liability and property damage insurance, <br />including coverage for non-owned and hired vehicles, in <br />limits as for comprehensive genera~ pub~ic liability <br />coverage stated above. <br /> <br />The City shall be named as an additional insured on the <br />above policies for coverage needed only for work as <br />specified in this contract, which endorsement shall provide <br />that coverage may not be terminated or changed by the <br />insurer 'except upon 30 days' written notice to the City <br />Administrator. <br /> <br />N I' I l' "f l' <br />o po 1CY shal conta1n any prov~s1ons or exc us~ons from <br />liability other than provisions for exclusion from liability <br />forming part of the standard basic unamended and unendorsed <br />form of policy, except that no exclusion will be permitted <br />in any event if it conflicts with a coverage expressly <br />required I in this contract, and in addition, no policy shall <br />contain any exclusion from bodily injury to, or sickness, <br />disease lor death of any coverage under the contractual <br />liability endorsement of the liability of the Contractor <br />under this contract. compliance by the contractor with the <br />foregoing requirements to carry insurance and furnish <br />certificates shall not relieve the Contractor from liability <br />assumed under any provisions of this contract. <br />I <br />11. PERFORMANCE BOND <br />, I " <br />Th1S contract shall not be 1n effect unt1l the Contractor <br />has executed and delivered to the City Administrator a <br />performance bond in the amount of $ and executed <br />by a corporate surety company authorized to do business in <br />the state of Minnesota and satisfactory to the City to <br />secure the faithful performance of this contract by the <br />contractor, conditioned that the contractor shall well and <br />truly perform and carry out the covenants, terms and <br />conditions of this contract in strict accordance with its <br />I <br />I <br /> <br />5 <br /> <br />3' <br />
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