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CC WS PACKET 03082022
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CC WS PACKET 03082022
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3/3/2022 3:39:50 PM
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Page 31 <br />that Contractor shall well and truly perform and carry out the covenants, terms, and conditions of <br />the Contract in strict accordance with its provisions, and shall not be cancelable during the term of <br />this Contract. The form and content of the letter of credit or escrow agreement shall be in a form <br />approved by the parties, and shall be in place for the entire duration of this Contract. <br />The City shall be able to draw upon the letter or credit or escrow account if it follows the <br />procedures set forth below, even if there is a dispute as to whether there has been an act or <br />omission that would entitle the City to draw upon the letter of credit or escrow account. Whenever <br />the City draws upon the letter of credit or escrow account and the payment is not disputed, the <br />Contractor shall replenish the letter of credit or escrow account to its full original value within ten <br />(10) business days after the Contract has been tendered delivery by certified mail, return receipt <br />requested, of the City’s request for payment. <br />If the Contractor fails to pay the City after ten (10) business days’ notice of imposition of liquidated <br />damages, or fails to repay the City within ten (10) business days of any damages, costs, or expenses <br />which the City incurs as a result of the Contractor’s failure to fulfill its obligations, the City may <br />immediately request and receive payment of the amount thereof from the financial institution <br />holding the letter of credit or escrow account, and upon making such request for payment, the City <br />shall notify the Contract or the amount and date thereof. <br />The rights reserved to the City with respect to the letter of credit or escrow account are in addition <br />to all other rights of the City, and no action. proceeding or exercise of a right with respect to such <br />letter of credit or escrow account shall affect any other right the City may have. If the City draws on <br />a letter of credit or escrow account in error, or if through negotiation, mediation, court action, or <br />other resolution of the dispute it is determined that all or a portion of the draw should be refunded, <br />the City shall refund such amount within ten (10) business days. <br />23.NON-DISCRIMINATORY PRACTICES <br />Minnesota Statutes, Section 181.59, which prohibits discrimination on account of race, creed, or <br />color in the performance of public contracts, is made a part of this request with the same force and <br />effect as if set out herein verbatim. <br />The Contract to be awarded will require the Contractor to agree: <br />1.That, in the hiring, pay or promotion of common or skilled labor for the performance of any <br />work under any contract, or any subcontract, no Contractor, material supplier, or vendor, <br />shall discriminate against any persons who are legally eligible to work in the United States <br />and who are qualified and available to perform the work to which the employment relates; <br />2.That no Contractor, material supplier, or vendor, shall, in any manner, discriminate against, <br />or intimidate, or prevent the employment or performance of work of any person or persons <br />identified in clause one of this section. <br />3.That a violation of this section is a misdemeanor.
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