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Ord00 2192
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Ord00 2192
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Last modified
7/5/2005 3:02:21 PM
Creation date
10/13/2003 1:03:38 PM
Metadata
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Template:
CC Index
CC Index - Document Type
Ordinance
Agency Type
City Council
Date
6/12/2000
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The obligation of this Performance Bond Shall not include liability for Ices, cost, damage, fines, penalties or <br />expense (including attorney's fees) from personal injury (including death), or from property damage <br />(Including environmental Impairment or cleanup), or from any criminal or tortious act arising out of the <br />performance, defiult or completion of the above Contract, nor shell the Surety obligated to provide or <br />maintain any policy or undertaking of liability insurance <br /> <br />Thi~ bond is for a one year term beginning October 1. 2000 . In the event of default by the <br />Principal in the performance of the oontrect during the term of this bond, the Surety shell be lladle only for <br />the direct loss to the Obliges due to actual excess costs of performance of the contract up to the <br />termination of Ihia term of Ih~s bond. No suit shall be brought on this bond alter one year following its <br />termination. Neither non-renewal by the Surety, nor failure or Inability of the Principal to Ilia e replm~-nant <br />bond, shall constitute loss of the Obliges recoverable under this bond. The bond may be extended for <br />additional terms et the option of the Surety, by continuetion certificate executed by the Surety. <br /> <br />The Obligetion of this Performance bond inures solely to the bene~t of the obliges. No right of action shell <br />acc, cue under this Performance Bond to or for the use of any person, firm, corporation, public or private <br />entity other ti~n the obliges. In the event that the Obliges is comprised of mom then one person, firm <br />corporation, public or private entity, the conditions, limitations end exclusions of this Performance Bond <br />shall apply jointly end severally to ei~.,h end all constituents of the Ob#gee, and the aggregeta liability of the <br />Surety to the Obliges shall in no event exceed the above penal sum. <br /> <br />The consent of the Surety shell be required with regerd lo any chenges or elteretiona in the shove Contract <br />including, but not limited to, where the cost thereof, added to prior changes or alte~-i',~ons0 causes the <br />aggregate c, cet of e~l changes and altemticna to exceed 10 percent of the original contract price, or where <br />the completion thereof is extended by more th~n 90 deys. <br /> <br />No right of ection shall ,~,rue under this Peilormance bond unless demand is brought by suit, action or <br />other legal pmcesding commended ~geinst the Surety within one yeer elter the dey that the Principel last <br />performed labor or supplied rnatart,l for the above ContmcL ~ end ell ciatm~ end ceuses of ~oticn <br />(including warranty requirement or the remedy of latent defects) not so commended shell be deemed <br />extinguished and forever barred from action under this Perforrmmce Bond. <br /> <br />In the event of conflict or inconsistency between the proviaicns of this Perforn~nce Bond and the <br />provisions of the ebove Contract, the provisions of this Performance Bond shall control, or the obligation of <br />the surety be deemed null end void to the extent of any enlargement or augmentation to the liabilities of the <br />Surety proscribed by this Performance Bond. <br /> <br />Signed, Sealed end Dated this 16 day of October , .. 2000 <br /> <br />BFI Waste Systems of North America, Inc. National Fire Insurance Company of Hartford <br /> <br /> erda ~now P~ ~ ~ Esther C. Jimenez ~ <br /> ~R~,8~1~ <br /> <br /> <br />
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