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2003-02-12 CC Packet
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2003-02-12 CC Packet
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<br />Mobile Equipment Liability <br /> <br />$1,000,000 CSL <br /> <br />All liability policies evidencing insurance required by this paragraph must name City and the <br />Contractor as named insureds with the exception of the Workers' Compensation Policy. They <br />should be with companies doing business in the State of Minnesota and acceptable to the City <br />such that the policies must be approved by the City Attorney and filed with the City Manager. A <br />Certificate of Insurance showing the Contractor has in effect the required insurance must be filed <br />with the City before the date of this contract is to be effective and must not be allowed to lapse. <br /> <br />VI. NONDISCRIMINATION. <br /> <br />Minnesota Statutes, Section 181.59 is adopted by reference. <br /> <br />7____ <br />VII. <br /> <br />- - - ~ - - - - - - - - - - - - - - - - - - - - - ~ - - - - - - - ~ - - - - - - - - -- <br />TRANSFER. ASSIGNMENT. AND LIENS. <br /> <br />A Transfer or Sale. The Contractor may not sell, or assign all or part of this Contract <br />without the City's prior written approval. The City may require as conditions to any such <br />approval that: <br /> <br />1. Any proposed transferee must have the qualifications and financial responsibility, as <br />reasonably determined by the City, necessary and adequate to fulfill the obligations <br />undertaken in this Contract by Contractor; and <br /> <br />2. Any proposed transferee, by instrument in writing satisfactory to the City for itself and <br />their successors and assigns, and expressly for the benefit of the City, have expressly <br />assumed all of the obligations of service under this Contract and agreed to be subject <br />to all the conditions and restrictions to which service is subject. It is the intent ofthis <br />Section, together with other provisions of this Contract, that (to the fullest extent <br />permitted by law and equity and excepting only in the manner and to the extent <br />specifically provided otherwise in this Contract) no transfer of, or change with respect <br />to, ownership or any part thereof, or any interest therein, however, consummated or <br />occurring, whether vohmtary or involuntary, will operate, legally or practically, to <br />deprive or limit the City of or with respect to any rights or remedies or controls <br />provided in or resulting from this Contract; and <br /> <br />3. The Contractor and assignee must submit to the City for review all instruments and <br />other legal documents involved in effecting such transfer, and the City's approval must <br />be indicated to the Contractor in writing. The proposed transferee must submit to the <br />City for review all bonds, insurance policies, and any and all other documents required <br />by this Contract, and the City's approval must be indicated to the proposed transferee <br />in writing. <br /> <br />B. Payment of Subcontractor and Employees. The Contractor agrees to promptly pay all <br /> <br />-12- <br /> <br />t Deleted: 11 <br />
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