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205 <br /> <br />sent by first class mail, postage prepaid, to the applicable party at the <br />above address. <br /> 9.2 Default of Contract Should LLC abandon or delay the performance <br />of, or in any manner refuse or fail to comply with any of the terms or <br />conditions of this Agreement or neglect or refuse to comply with the <br />instructions of the County relative thereto, the County shall notify LLC, in <br />writing, of such abandonment, delay, refusal, failure, or neglect and direct <br />LLC to comply with all provisions of the Agreement. Copies of such written <br />notice shall be mailed to the surety that issued the performance and payment <br />bonds, and also presented to the Board of County Commissioners for action. <br />The Board of County Commissioners shall hear the matter at an open session <br />within ten (10) days after receipt of written notice from the County and <br />shall make a determination within seven (7) days after the hearing by the <br />Board of County Commissioners whether or not the action in question is a <br />breach of the terms of this Contract. LLC agrees to be present at such <br />hearing and show cause why it has abandoned, delayed, refused, failed or <br />neglected to comply with the terms of the Agreement. <br /> Should LLC fail to appear or fail to show cause why it had abandoned, <br />delayed, refused, failed or neglected to comply with the terms of the <br />Agreement satisfactory to the Board of County Commissioners, such Board may <br />declare a default of the Agreement and notify LLC and the surety that issued <br />the performance and payment bond of such declaration of default, and the <br />Board of County Commissioners may take such other actions it may deem <br />advisable. <br /> Upon receipt by LLC of such declaration of default, LLC agrees upon <br />request of the County that it will discontinue the work contracted for <br />herein. <br /> However, in the event LLC shall appoint or have appointed a Trustee, <br />become insolvent or become unable to pay its debts as they become due, file <br />or have filed against it bankruptcy proceedings, call (or have called) a <br />meeting of its creditors, then this Agreement shall be deemed in default <br />immediately upon such occurrence and the County, at its sole option, shall be <br />entitled to any rights and remedies available to it under law or equity. <br /> 9.3 Transfer of Ownership - This Agreement shall not be assigned or <br />transferred by LLC nor (solely at the option of the County) shall this <br />Agreement continue if a controlling interest in LLC is sold without the prior <br />written consent of the Board of County Commissioners, which consent if given <br />shall be evidenced by a resolution of the Board. <br /> 9.4 Compliance Equal Opportunity Act During the performance under <br />the terms of this Agreement, LLC must at all times be in compliance with <br />Title VII of the 1964 Civil Rights Act and the Equal Opportunity Act in 1972 <br />or any successors to such Acts in that LLC shall not on the grounds of race, <br />color, national origin, or sex, discriminate in any form or manner against <br />the franchisee's employees. LLC, in accepting this Agreement, shall by <br />acceptance be deemed to have given assurance to Cabarrus County that this <br />said franchise as granted by Cabarrus County is conditioned upon the veracity <br />of such assurance. <br /> 9.5 Bond and Insurance <br /> Performance and Payment Bonds- LLC will execute the performance and <br />payment Bonds included herein as security for the faithful performance and <br />payment of all its obligations under this Agreement. This bond shall <br />initially be in the amount of $100,000 in such form and with such sureties as <br />are acceptable to the County. The required amount of the bond may be changed <br />at the County's discretion. Prior to execution of the Agreement, the County <br />may require LLC to furnish such other Bonds, in such form and with such <br />sureties as the County may require. <br /> LLC's Liability Insurance - LLC will purchase and maintain such <br />insurance as will protect it from claims under workmen's compensation laws, <br />disability benefit laws or other similar employee benefit laws; from claims <br />for damages because of bodily injury, occupational sickness or disease, or <br />death of its employees including claims insured by usual personal injury <br />liability coverage; from claims for damages because of bodily injury, <br />sickness or disease, or death of any person other than its employees, from <br />claims for injury to or destruction of tangible property including loss of <br />use resulting therefrom -- any or all of which may arise out of, be <br />attributable to, or result from the LLC's operations under the Agreement, <br />whether such operations be by LLC or by any subcontractor, agent or anyone <br />directly or indirectly employed by any of them or for whose acts many of them <br />may be legally liable. This insurance shall be written for not less than any <br />limits of liability specified herein or required by law, whichever is <br />greater, and shall include contractual liability insurance. Before starting <br />the work, LLC will file with the County certificates of such insurance, <br />acceptable to the County. These certificates shall contain a provision that <br />the coverage afforded under the policies will not be canceled or materially <br />changed until at least thirty days prior written notice has been given to the <br />County. <br /> <br /> <br />