R94-118 AUTHORIZING AGREEMENT - WASTE RECYCLING, INC.

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� � • r i ` � � . �,� , ;, , 11.3. All payments to be made as required by Subsection 11.1 hereof shall be made ten working days after receipt by the City of the monthly reports required by Subsections 9.1 and 9.2 hereof. Payment of increased cost to be made pursuant to Subsection 7.6 hereof shall be made ten working days after receipt of such documents as the City may request pursuant to Subsection 7.6 to evidence such increased costs. 11.4. Any payment due the Contractor under this Section XI shall be reduced by any liquidated damages due under Subsection 13.7 hereof, and by any costs and expenses, and interest thereon, due to the City pursuant to Subsection 13.3 hereof. 11.5. No claim for services furnished by Contractor but not specifically provided for herein need be paid by the City. SECTION XII INSURANCE; BOND 12.1. Contractor shall provide on the date hereof a certificate of insurance evidencing comprehensive general liability coverage for bodily injury and property damage including general coverage, broad form property damage, premise operations, owners and contractors protective, blanket contractual, and completed operations in the amount of at least $1,000,000.00 for any one person in the amount of at least $1,000,000.00 for two or more persons for the same occurrence, and for damages to property in the sum of at least $1,000,000.00. Furthermore, the Contractor shall provide on the date hereof a certificate of insurance evidencing comprehensive automobile liability coverage with a combined single limit for bodily injury and property damage of$1,000,000.00 per occurrence for bodily injury and property damage arising out of owned, non-owned and hired vehicles. The certificates of insurance, or other evidence satisfactory to the City, shall indicate payment of the premium therefor for the full term of this agreement. The certificates of insurance shall naxne the City as an additional