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VACANT PROPRTY SECURITY
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VACANT PROPRTY SECURITY
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Last modified
9/25/2019 12:23:31 PM
Creation date
12/28/2017 10:21:06 AM
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Contracts
Company Name
VACANT PROPRTY SECURITY
Contract #
A-2017-332
Agency
Planning & Building
Council Approval Date
12/5/2017
Expiration Date
12/4/2018
Insurance Exp Date
6/3/2020
Destruction Year
2023
Document Relationships
VACANT PROPERTY SECURITY (3)
(Amended By)
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6.4 The City warrants that It shall bearthe sole cost and responsibility for all damage to the <br />equipment, other than ordinary wear and tear to the extent that such damage (a) is caused by the City <br />or its employees or agents; or (b) occurs prior to the expiration of the Service Period (except to the <br />extent that the damages Is caused by the active negligence, recklessness, or willful misconduct of VPS or <br />Its employees or agents, or by a malfunction in the equipment that is beyond the control of the City or <br />its employees or agents, If the Equipment Is stolen or damaged by the City or Its employees or agents <br />beyond repair the City will pay for the Equipment at the cost to VPS to replace such Equipment. The City <br />shall not have Equipment repalred without prior written permission from VPS. <br />7. TERMINATION <br />7.1 The City may request removal of Equipment or terminate a Contract without cause by giving at <br />least one (1) week's prior written notice to VPS. Termination will take effect on proper receipt of such <br />notice by VPS, subject to the provisions of section 4.3. If the City falls to notify VPS as provided herein, <br />the Contract, at VPS option, will renew on the same basis as outlined on page 1 of this agreement, <br />"Duration of Rental" until cancelled by either party. <br />7.2 Either Party may terminate or cancel a Contract with cause with Immediate effect by giving the <br />other Party notice in the following circumstances: (a) the other Party Is In material breach (Includes the <br />Clty's breach of any of Its payment obligations) of Its obligations under the Contract and either the <br />breach cannot be corrected (Includes the City's breach of any of its payment obligations) or the Party in <br />breach falls to correct It within 10 Business Days after receipt of a written notice from the other Party <br />asking for the breach to he corrected; (b) a voluntary or involuntary bankruptcy petition is filed by or <br />against the otlherParty (includ-ing'a petltian for reorgenrzation extenslon of payment, domposltion or <br />adjustment of liabilities) and is not dismissed within 15 Business Days; (c) a receiver is appointed in <br />respect of the other Party, or (d) the other Party makes an assignment for the benefit of its creditors. <br />Notwithstanding anything to the contrary under these Terms or any other Contract, should VPS <br />terminate or cancel any Contract, such termination or cancellation will discharge all existing obligations <br />of VPS under such contract but shall in no way discharge any of VPS's rights and remedies under any <br />Contract or otherwise available to It at law or In equity. <br />7.3 Where the City sells/disposes of Its Interest In a Site, such sale/disposltlon shall not terminate the <br />relevant Contract which shall remain In full force and effect until terminated under section 7.1 or 7.2. <br />7.4 If the City falls to observe or perform any of the Terms in this Contract, VPS may exercise anyone <br />or more of the following remedies: (a) terminate this agreement and take possession of and remove the <br />Equipment from wherever located; (b) to declare the entire rent hereunder Immediately due and <br />payable and pursue all legal remedies in connection with the payment thereof; and/or (c) pursue any <br />other remedies legally available to VPS. VPS and Its agents will not be liable for any claims for damage or <br />trespass arising out of the removal of the Equipment, <br />8. EFFECTS OF EHIRATION/TERMINATION <br />
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