03-05-91 CCM - Laserfiche WebLink

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E. Performance of Contract 1... The Contractor shall keep complete and accurate records in accordance with generally accepted accounting prac- tices. a) The Contractor shall be responsible for all billing, including additional collection services to the dwelling unit. Billings past due for sixty (60) days may be sub- mitted to the City for collection. The Contractor must provide evidence to the accuracy of the delinquent pay- ment. 2. The Contractor shall supply all labor, material and equip- ment necessary for the carrying out of the contract. 3. During the entire period of the Contract, the Contractor shall maintain, at its cost and expense, and file with the City, policies or certificatesof Workers' Compensa- tion and Liability Insurance. Minimum insurance policy coverage requirements are $300,000 bodily injury per person, $500,000 aggregate per occurrence, and $100,000 property damage. All policies evidencing insurance required by this Paragraph shall name the City and the Contractor as named insureds, and shall insure the City r and the Contractor by reasons of any act or omission, in- cluding negligence, of the Contractor or of the Contract- or's employees or agents in connection with the perfor- mance of this Contract, including claims arising out of the use of or operation of any vehicles used by the Con- tractor or the Contractor's employees or agents in perfor- ming this Contract. Such policies shall be in form and content satisfactory to the City Attorney, and shall be -filed-with the City Clerk -A certificate showing -that the Contractor has in effect the aforesaid insurance covering both the Contractor and the City shall be filed with the City Clerk within ten (10) days from the execu- tion of the Contract, and yearly thereafter, at least thirty (30) days prior to the date of the expiration of said policies of insurance for each year of the Contract. All of the foregoing policies shall be issued by an insurance company or companies licensed to do business in the State of Minnesota and authorized to assume the risks covered thereby. Memorandum policies and receipts for the payment of premiums shall be filed with the City showing payment of premiums for at least one year in advance and on each renewal date provided therein.