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06/09/2015 (3)
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06/09/2015 (3)
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Last modified
12/26/2018 2:33:07 PM
Creation date
8/13/2015 9:39:52 AM
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Meetings
Meeting Type
Regular Meeting
Document Type
Agenda Packet
Meeting Date
06/09/2015
Meeting Body
Board of County Commissioners
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2.2. Termination without Cause. During the first six (6) months of the Term, Owner <br /> may terminate this Agreement, with or without cause, upon thirty (30) days prior written notice <br /> to IGM. In the event of such termination, IGM shall be paid for services rendered to the <br /> county's satisfaction through the date of termination. After such date, Owner may terminate <br /> only for cause as set forth below. <br /> 2.3. Termination for Cause. Either party may, at its option, terminate this Agreement <br /> as provided herein in the event of material breach by the other party of this Agreement. A <br /> breach shall be "material" within the meaning of this Agreement if the breach is (i) a breach of a <br /> monetary obligation, including non-payment of sums due from Owner to IGM, (ii) a breach of <br /> any of the obligations described in Sections 1.1 - 1.4, 4, 5, 6, 8.8, 8.11 or 8.12 of this Agreement; <br /> or (iii) a breach which would have a material adverse affect on the other party. A termination <br /> under this provision shall be effective only upon a written notice, specifically identifying the <br /> breach on which termination is based as follows: (x)thirty (30) days after written notice if the <br /> breach is of any obligation other than payment provided such breach is capable of being cured <br /> and remains uncured at the end of the thirty(30) day period, and (y) five (5) days from receipt of <br /> written notice to cure any breach of a monetary obligation, including non-payment of sums due <br /> from Owner to IGM, if at the end of such period the breach remains uncured. <br /> 2.4. Limitation on Right to Terminate. In the event of any termination hereunder, <br /> Owner must pay, on or before the effective date of termination, IGM in full for all services <br /> performed by IGM through the date of termination, unless the amount of pay or the quality of <br /> services is in dispute. <br /> 2.5. Effects of Termination on Equipment. IGM is currently using and will continue <br /> to use Owner's equipment to fulfill its obligations under this Agreement. When this equipment <br /> reaches the end of its useful life, it shall be surplused by the Owner. Beginning in Year two of <br /> this agreement, Owner will make yearly payments to IGM for the purpose of equipment <br /> purchase and replacement so IGM may continue to fulfill its obligations under this Agreement. <br /> At the end of this agreement or in the event of an early termination of this Agreement,the parties <br /> agree that the Owner shall purchase all of the Equipment from IGM (except any County owned <br /> equipment) at fair market value. If the parties cannot reach an agreement as to fair market value, <br /> the parties shall retain an independent appraiser shall be retained to establish a fair market value <br /> of the equipment and the Owner shall pay said amount., The fee charged by the appraiser cost of <br /> whieh shall be shared equally by the parties. <br /> 2.6. IGM shall be responsible for all maintenance and repair of all equipment under <br /> this agreement. Equipment shall be repaired and maintained in accordance with manufacturers' <br /> standards or standards common to the industry. <br /> 3 <br /> 17 <br />
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