Laserfiche WebLink
Page 21 of 42 4/3/24 Agreement No. 2024-02 <br /> <br />P-80 Payment Account Refund <br />Advance payments remaining on account above the value for the charges shall be returned to <br />Purchaser within thirty (30) days following the final report of charges. <br /> <br />P-90 Performance Security <br /> <br />Purchaser agrees to furnish within thirty (30) days of the auction date, security acceptable to <br />the City in the amount of sixty-seven thousand one hundred eighty-four Dollars & <br />seventy-four Cents ($67,184.74) that guarantees performance of all provisions of this <br />Contract and payment of any damages caused by operations under this Contract or resulting <br />from Purchaser's noncompliance with any rule or law. Purchaser shall not operate unless the <br />City has accepted performance security. If at any time the City decides that this security has <br />become unsatisfactory, Purchaser agrees to suspend operations and, within thirty (30) days <br />of notification, to replace the security with one acceptable to the City. <br /> <br />P-100 Performance Security Reduction <br /> <br />The City may reduce the performance security after an operating release has been issued if <br />the City determines that adequate security exists for any remaining obligations of Purchaser. <br /> <br />SECTION L: LOG DEFINITIONS AND ACCOUNTABILITY <br /> <br />L-60 Load Tickets <br /> <br />Purchaser shall complete and use load tickets as directed by the Contract Administrator and, <br />if required, use other identification as directed by the City to ensure accounting of forest <br />products removed from the sale area. A load ticket must be fixed, as designated by the <br />Contract Administrator, to each truck and trailer load prior to leaving the landing. <br /> <br />Purchaser shall account for all load tickets issued by the Contract Administrator and return <br />unused tickets at termination of the Contract, or as otherwise required by the Contract <br />Administrator. Unused tickets not returned shall be subject to liquidated damages per clause <br />D-030. <br /> <br />The City may also treat load tickets either not accounted for or not returned as lost forest <br />products per clause P-070. All costs associated with computing the billings for lost forest <br />products shall be borne by Purchaser. <br /> <br /> <br />L-71 Log and Load Reporting Service <br /> <br />This Contract requires the use of a City approved third party Log and Load Reporting <br />Service (LLRS). Purchaser shall ensure log volume measurement data and/or load and <br />weight data is received by the LLRS within 1 business day of logs being measured or <br />weighed. Purchaser agrees to pay the LLRS for log and load data supplied to the City. <br /> <br />If during the term of this Contract, the City discontinues use of the LLRS, the City will