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Reso 2013-2017
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Reso 2013-2017
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Last modified
1/24/2013 2:49:11 PM
Creation date
1/24/2013 2:49:08 PM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2013-2017
Date (mm/dd/yyyy)
01/17/2013
Description
Lease Agmt w/Newport Oper. & Dr Cornfeld re: Pier/Restaurant/Bait Shop
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The LESSEE shall provide and have posted in conspicuous locations signs showing the <br /> prices of all edible commodities. Size, location and content of said signs shall be subject to <br /> approval of the City Manager and/or his duly authorized representative. <br /> 22. INSURANCE <br /> The LESSEE shall maintain during the term of the Lease Agreement the following <br /> insurance: <br /> (a) General Liability Insurance on a Comprehensive General Liability form, or its <br /> equivalent with a combined single limit of at least One Million ($1,000,000) Dollars for bodily <br /> injury and property damage liability. Products and completed operations coverage, personal <br /> injury, contractual liability, and premises medical payment coverages shall be included. The <br /> City shall be named an Additional Insured on said policy. <br /> (b) All Risk Property insurance coverage on replacement cost basis for real and <br /> personal property located on the premises managed, operated and/or maintained by LESSEE. <br /> The City shall be named as an Additional Insured on such policy. <br /> (c) The policy or policies of insurance required shall be written in a manner such <br /> that the policy or policies man not be cancelled or materially changed without sixty (60) days <br /> advance written notice to the City. Written notice shall be sent to the City Manager or <br /> designee, at 18070 Collins Avenue, Sunny Isles Beach, Florida 33160. <br /> Evidence of compliance with the insurance requirements shall be filed with the City <br /> Manager or his designee with the execution of the Lease Agreement and each renewal. Such <br /> insurance shall be subject to the approval of the Insurance coordinator. All insurance policies <br /> required must be written by a company or companies rated at least "A" as to management and <br /> Class "V" as to financial Strength, in the latest edition of the Best's Insurance Guide, published <br /> by Alfred M. Best Company, Inc., Oldwick, New Jersey or acceptance of insurance company <br /> 8 <br />
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