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25E - AGMT - TAXI SRVS AT SARTC
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25E - AGMT - TAXI SRVS AT SARTC
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Last modified
7/28/2016 3:33:20 PM
Creation date
7/28/2016 2:48:26 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Public Works
Item #
25E
Date
8/2/2016
Destruction Year
2021
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DO NOT RECORD <br />Prior to execution of this Agreement, Licensee shall furnish to Licensor certificates of <br />insurance and additional insured endorsements to each of Licensee's insurance policies, <br />subject to approval of the City Attorney, evidencing the foregoing insurance coverages as <br />required by this Agreement; these certificates shall: <br />provide the name and policy number of each carrier and policy; <br />2. shall state that the policy is currently in force; and <br />shall promise to provide that such policies will not be canceled, suspended, <br />voided, reduced in coverage or in limits, or modified without thirty (30) days <br />prior written notice of Licensor; and <br />4. Licensee shall provide the onsite Property Manager with an up to date list of the <br />license plate numbers for each of its insured vehicles. <br />Licensee shall maintain the foregoing insurance coverages in force throughout the term of <br />this Agreement. The requirement for carrying the foregoing insurance coverages shall <br />not derogate from the provisions for indemnification of Licensor by Licensee under the <br />Agreement. Licensor or its representatives shall at all times have the right to demand the <br />original or a copy of all these policies of insurance, which Licensee shall provide within <br />ten (10) days of Licensor's request. <br />ARTICLE 5 —TERMINATION AND DEFAULT <br />Section 5.01 Termination in the Event of Casualty or Condemnation <br />(a) In the event of any damage, destruction or condemnation of the License <br />Area, which renders the License Area unusable or inoperable in Licenser's <br />judgment, Licensee shall have the right, but not the obligation, to terminate <br />the Agreement with respect to the subject License Area by giving written <br />notice to Licensor within thirty (30) days after such damage, destruction or <br />condemnation. If by virtue of such casualty or condemnation, Licensor <br />determines that the License Area is no longer adequate for Licensee to <br />continue its operations, or any repairs to the License Area have not been <br />completed or cannot reasonably be completed within sixty (60) days from the <br />date of the damage, destruction or condemnation. This License Agreement <br />will become null and void. <br />(b) In the event of condemnation, unless Licensee is allowed by the condemning <br />authority to continue its operations in the License Area, this Agreement shall <br />terminate as of the date title to the Property vests in the condoning <br />authority or Licensee is required to cease its operations, whichever is earlier. <br />If any property described herein or hereinafter added hereto is taken in <br />eminent domain, the entire award shall be paid to Licensor. <br />25E -8 <br />
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