6.3. SR 02-16-2010 - Laserfiche WebLink

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X01 } The Licensee shall furnish a surety bond in favor of the City in the amount of Three Hundred Thousand Dollars x$300,000} to run continuously annual renewal allowed} until all landfill operations and closure activities are completed to ensure compliance with the terms and conditions of this License. Such bond shall be made by an insurance company or other financial institution acceptable to the City and shall be in a form acceptable to the City and its attorney, The bond shall be subj ect to cancellation by the obligor by giving one hundred twenty X120} days' prior written natice to the City, The Licensee shall renew each such bond na mare than sixty X60} days after any such written notice, and failure to so renew the bond shall be an event of default of the obligations of the Licensee and shall constitute ground for iln~nediate and automatic revocation of this License. Said bond shall provide that if the Licensee refuses to obey any of the ~•equirements or to any of the acts required by this License or for any reason ceases to operate or abandons the landfill, and the City is required to expend monies or labor or material to restore, repair, or clean up the Landfill Site to the condition and requirements required by law, the obligor shall reimburse the City for any and all expenses incurred to remedy the failul•e of the Licensee to comply with dais License, and the obligor shall indemnify and save the City harmless from all losses, costs, and charges that may occur to the City because of any default by the Licensee. The bond may be in a form exercisable by both the City and the County provided that such exercise feature allows its use on instruction by either or both the City and County. X02} rn the event this, or any subsequent license is revoked or the Licensee closes operation of the landfill for any reason, including but without limitation, order of the cou~~t or other agency of competent jurisdiction, bankruptcy, insolvency, or abandonment, the Licensee sha11 immediately proceed to close, cover, and g~•ade the Landfill Site according to an environmentally sound closure plan which sha11 be approved by the City and which shall comply with all requirements of floe MPCA and Sherburne County relating to final closure. 7n the event the Licensee fails to comply with the terms of this subparagraph X02}, the City may, upon ninety X90}days' prior notice to the Licensee, enter onto floe property and perform all such obligations, the costs of which shall be borne by the Licensee, or, in default thereof, by its surety. 13.} Applicability of License. This License sha11 apply to the entire Landfill Property located within the City limits, 14.} License Period. This renewed License shall be in force and effect until February 16, 2012. 15.} violation of Conditions. 1f the Licensee or its successors or assigns violate any term or condition imposed by this License, this License 16