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9951-09 Authorizing the aquisitions, constructions and installation of certain improvements and extensions
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9951-09 Authorizing the aquisitions, constructions and installation of certain improvements and extensions
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Last modified
12/3/2009 11:51:05 AM
Creation date
8/20/2009 12:22:25 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
8/10/2009
Ord-Res Number
9951-09
Bill Number
56-09
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(e) If the Bonds are sold to the Authority, (i) the City has obtained the <br />consent of the Authority, (ii) the City has faithfully performed and is in compliance with <br />each of its obligations, agreements, and covenants contained in the Financial Assistance <br />Agreement and this Ordinance, and (iii) the City is in compliance with its National <br />Pollutant Discharge Elimination System permits, except for non-compliance, if any, for <br />which the additional parity bonds are issued, including refunding bonds issued prior to, <br />but part of the overall plan to eliminate such non-compliance. <br />Section XIX. Additional Covenants of the City. For the purpose of further <br />safeguarding the interests of the owners of the Bonds herein authorized, it is specifically <br />provided as follows: <br />(a) All contracts iet by the City in connection with the construction of <br />said additions and improvements to the Sewage Works shall be let after due <br />advertisement as required by the laws of the State of Indiana, and all contractors shall be <br />required to furnish surety bonds in an amount equal to one hundred percent (100%) of the <br />amount of such contracts, to insure the completion of said contracts in accordance with <br />their terms, and such contractors shall also be required to carry such employers liability <br />and public liability insurance as are required under the laws of the State of Indiana in the <br />case of public contracts, and shall be governed in all respects by the laws of the State of <br />Indiana relating to public contracts. <br />(b) Said additions and improvements shall be constructed under the <br />supervision and subject to the approval of the Consulting Engineers or such other <br />competent engineer as shall be designated by the Board. All estimates for work done or <br />-41- <br />BDDBOI 5738468v1 <br />
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