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RAILWORKS TRACK SERVICES, INC.
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Last modified
8/19/2024 2:17:54 PM
Creation date
3/8/2024 12:02:29 PM
Metadata
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Contracts
Company Name
RAILWORKS TRACK SERVICES, INC.
Contract #
A-2024-019
Agency
Public Works
Council Approval Date
2/20/2024
Expiration Date
6/30/2024
Insurance Exp Date
4/1/2024
Notes
SEE NOTICE OF COMPLIANCE FOR INSURANCE INFO.
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'policy endorsements to City before work begins. However, failure to obtain the required <br />documents prior to the work beginning shall not waive the <br />Contractor's obligation to provide them. <br />The City reserves the right to require complete, certified copies of all required insurance policies, <br />including endorsements required by these specifications, at any time. <br />Special Risks or Circumstances <br />City reserves the right to modify these requirements, including limits, based on the nature of the <br />risk, prior experience, insurer, coverage, or other special circumstances. <br />18. DAMAGEBY CASUALTY <br />a. In the event of a fire or other casualty in the Premises, Tenant shall immediately <br />give notice thereof to Landlord. <br />b. If the Premises, through no fault of Tenant, its agents, employees, invitees, or <br />visitors, shall be partially destroyed by fire or other casualty so as to render the Premises <br />untenantable as reasonably determined by Landlord, Rent shall abate in proportion to the <br />percentage of square footage of the Premises rendered unusable until such time as the Premises <br />are made tenantable as reasonably determined by Landlord. The entire Premises shall be made <br />tenantable by Landlord's diligent repair within sixty (60) days following the fire or casualty <br />incident. <br />C. Except where Landlord is not obligated to repair or rebuild the Building or the <br />Premises, Landlord will use due diligence to repair or rebuild the same (except that Landlord will <br />have no obligation to repair or replace any alteration, addition, or improvements to the Premises <br />other than the Tenant Improvements installed at Landlord's expense which will be repaired only <br />to the level of Building Standard Improvements). <br />d. In the event of (i) the total destruction of the Premises, (ii) the partial destruction <br />of the Premises or the Building where the same is so damaged that it cannot, in Landlord's <br />reasonable opinion, be repaired within sixty (60) days of the occurrence of such damage, or (iii) <br />damage or destruction as a result of any casualty for which insurance proceeds are not available to <br />pay 100% of the cost of repair or rebuilding, Landlord will have no obligation to repair or rebuild <br />the Premises or the Building. Landlord will make its determination whether to repair or rebuild <br />within sixty (60) days of the occurrence of such damage or destruction. Upon notification to <br />Tenant of Landlord's decision not to repair or rebuild, this Lease shall terminate. In such an event, <br />Tenant shall be reimbursed by Landlord any rent monies transferred from Tenant to Landlord <br />during this sixty (60) day period within fourteen (14) days after the termination of the lease. <br />
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