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<br />12 <br /> <br />CITY OF SUNNY ISLES BEACH <br />18070 Collins Ave. | Sunny Isles Beach, FL 33160 <br />305.792.1707 | sibfl.net | Purchasing@sibfl.net <br />audited financial statements, proposers may submit other evidence, acceptable to the City, of <br />financial responsibility. Such evidence may include but is not limited to letter(s) of credit with a <br />financial institution indicating the proposer's line of credit and the level of financing the institution <br />will offer the proposer for capital procurement, and certified copy(ies) of federal income tax <br />return(s) or acceptable equivalents. This information will be reviewed by the Finance Director. <br />This information will be reviewed by a City CPA. <br />- SUBMIT FINANCIAL STATEMENTS IN A SEPARATE SEALED FOLDER TITLED “EXEMPT FROM PUBLIC <br />RECORDS PER §119.071, FLA. STA.” <br /> <br />MQR # 4 will be evaluated as a Pass or Fail. <br /> <br />2.7 MENU PRICE <br /> <br />If the Proposer is awarded a contract under this solicitation, the menu prices proposed shall remain <br />fixed and firm, subject to negotiations and approval by the City. The City reserves the right to re- <br />negotiate the revenue fees and menu price upon renewals. <br /> <br />It is also understood that the required Florida State Sales and Use Tax shall be added to <br />Concessionaire's payments and forwarded to the City as part of said payments. <br /> <br />2.8 PERFORMANCE BOND <br />Intentionally Omitted <br /> <br />2.9 DELIVERY <br /> <br />Intentionally Omitted <br /> <br />2.10 INSURANCE <br /> <br /> Comprehensive General Liability with minimum limits of One Million Dollars ($1,000,000) per <br />occurrence and $2,000,000 Aggregate for Bodily Injury Liability and Property Damage Liability. <br />Coverage must be afforded on a form no more restrictive than the latest edition of the Comprehensive <br />Liability policy, without restrictive endorsements, as filed with the Insurance Services office, and must <br />include: <br /> <br />• Premises and Operations <br />• Independent Contractors <br />• Products and Completed Operations Hazard <br />• Broad Form Property Damage <br />• Broad Form Contractual Coverage applicable to this specific Contract, including any Hold <br />Harmless and/or Indemnification Agreement <br />• Personal Injury Coverage with Employee and Contractual Exclusions removed, with minimum <br />limits of coverage equal to those required for Bodily Injury and Property Damage Liability <br />• Primary and Non-contributory Endorsement <br />• Waiver of Subrogation to the benefit of The City of Sunny Isles Beach <br />• Additional Insured for The City of Sunny Isles Beach <br />