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ALDRIDGE ELECTRIC, INC. (5)
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ALDRIDGE ELECTRIC, INC. (5)
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Last modified
5/11/2026 1:35:04 PM
Creation date
5/11/2026 1:34:33 PM
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Contracts
Company Name
ALDRIDGE ELECTRIC, INC.
Contract #
A-2026-045
Agency
Public Works
Council Approval Date
4/21/2026
Expiration Date
12/31/2026
Insurance Exp Date
3/31/2027
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premises. Failure to obtain the required documents prior to the work beginning shall not waive <br /> Lessee's obligation to provide them.City reserves the right to require complete,certified copies <br /> of all required insurance policies, including endorsements, required by these specifications, at <br /> any time. <br /> Failure to Maintain Insurance Coverage <br /> If Lessee, for any reason, fails to maintain insurance coverage which is required pursuant to <br /> this contract, the same shall be deemed a material breach of contract. City, at its sole option, <br /> may terminate this contract at any time and obtain damages from Lessee resulting from said <br /> breach. Alternatively, City may purchase such coverage, but has no obligation to do so, and <br /> seek reimbursement for such cost of insurance premiums from Lessee. <br /> Special Risks or Circumstances <br /> City reserves the right to modify these requirements at any time, including limits, based on the <br /> nature of the risk, prior experience, insurer, coverage, or other special circumstances. <br /> 18. DAMAGE BY CASUALTY <br /> a. In the event of a fire or other casualty in the Premises,Tenant shall immediately give notice <br /> thereof to Landlord. <br /> b. If the Premises,through no fault of Tenant, its agents, employees, invitees,or visitors, shall <br /> be partially destroyed by fire or other casualty so as to render the Premises untenantable as <br /> reasonably determined by Landlord, Rent shall abate in proportion to the percentage of square <br /> footage of the Premises rendered unusable until such time as the Premises are made tenantable as <br /> reasonably determined by Landlord. The entire Premises shall be made tenantable by Landlord's <br /> diligent repair within sixty (60) days following the fire or casualty incident. <br /> C. Except where Landlord is not obligated to repair or rebuild the Building or the Premises, <br /> Landlord will use due diligence to repair or rebuild the same (except that Landlord will have no <br /> obligation to repair or replace any alteration, addition, or improvements to the Premises other than <br /> the Tenant Improvements installed at Landlord's expense which will be repaired only to the level <br /> of Building Standard Improvements). <br /> d. In the event of(i) the total destruction of the Premises, (ii) the partial destruction of the <br /> Premises or the Building where the same is so damaged that it cannot, in Landlord's reasonable <br /> opinion, be repaired within sixty (60) days of the occurrence of such damage, or (iii) damage or <br /> destruction as a result of any casualty for which insurance proceeds are not available to pay 100% <br /> of the cost of repair or rebuilding,Landlord will have no obligation to repair or rebuild the Premises <br /> or the Building. Landlord will make its determination whether to repair or rebuild within sixty <br /> (60) days of the occurrence of such damage or destruction. Upon notification to Tenant of <br /> Landlord's decision not to repair or rebuild, this Lease shall terminate. In such an event, Tenant <br /> shall be reimbursed by Landlord any rent monies transferred from Tenant to Landlord during this <br /> sixty (60) day period within fourteen (14) days after the termination of the lease. <br /> Page 6of12 <br />
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