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REV: 07-14-2023 RL <br />6. Security Deposit. Licensee shall deposit with City the sum of Two Thousand <br />Dollars ($2,000.00) as a security deposit (“Security Deposit”). City shall hold the <br />Security Deposit for the faithful performance by Licensee of Licensee’s obligations <br />under this Agreement, including remedying any default in Licensee’s obligations under <br />this Agreement to restore, replace, or return property, improvements, or appurtenances. <br />Within three (3) weeks after the Agreement expires or is earlier terminated, City shall <br />furnish Licensee with an itemized written statement of the basis for, and amount of, the <br />Security Deposit retained and its expenditure, and will return any remaining portion of <br />the Security Deposit to Licensee. No trust relationship between City and Licensee is <br />created on account of the Security Deposit, and City may commingle the Security <br />Deposit with other funds of City. <br />7. Compliance with Laws and Regulations. <br />a. Laws. Licensee shall at all times comply with, and shall pay all costs, <br />expenses, penalties and fines which may be incurred or required to be paid in order to <br />comply with, any and all permitting requirements, laws, statutes, labor codes, <br />ordinances, rules and regulations, including any and all laws or regulations relating to <br />hazardous materials, toxic materials, substances or waste, or public health, safety and <br />welfare and the protection of the environment, the Americans with Disabilities Act of <br />1990, 42 U.S.C. Sections 12101 et seq., as amended, covenants and restrictions of <br />record, life and fire safety and similar requirements, including those of the State of <br />California, the County of San Mateo, City, or other applicable public agency (“Laws”) <br />which apply to the operation and use of the Farmers’ Market Area or any portion <br />thereof, including those requiring additions to be made to, or safety appliances or <br />devices to be maintained or installed in, on or about the Farmers’ Market Area or any <br />portion thereof under any Laws now or hereafter adopted, enacted or made and <br />applicable to the Farmers’ Market Area or any portion thereof, and payment of any fees, <br />charges or assessments arising out of or in any way related to the Farmers’ Market <br />Area or any portion thereof as a source of adverse environmental impacts or effects. <br />Licensee shall not permit or suffer any mechanic’s lien to be filed against the Farmers’ <br />Market Area, or any interest of City or Licensee therein, and shall immediately <br />discharge any such lien. <br />b. Rules and Regulations. Licensee shall, and shall require that all <br />participants and vendors of the farmers’ market, comply with the Rules and Regulations <br />as may be revised by City in its sole discretion from time to time, a current copy of <br />which is attached hereto as Exhibit “B” and incorporated herein by reference. <br />8. Exercise of Due Care. Licensee shall ensure that Licensee and its <br />participants and vendors, and its and their employees, observe and exercise all <br />necessary caution and discretion so as to avoid personal injuries and property damage. <br />9. Insurance. Licensee shall obtain and maintain for the duration of this <br />Agreement and any and all amendments, insurance against claims for injuries to <br />persons or damage to property which may arise out of or in connection with use of the <br />Farmers’ Market Area by Licensee or its agents, representatives, employees, or <br />subcontractors. The insurance will be obtained from an insurance carrier authorized to <br />ATTY/AGR.2023.106/Redwood City Downtown Business Group (EPS Fees Audit and Reporting) (Page 3 of 16)