HomeMy WebLinkAboutResolution - 2014-R0107 - Contract - PM Cattle LLC - Cattle Grazing - 03/27/2014Resolution No. 2014-RO 107
March 27, 2014
Item No. 5.12
RESOLUTION
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT the Mayor of the City of Lubbock is hereby authorized and directed to execute for
and on behalf of the City of Lubbock, Contract No. 11753 for cattle grazing on Hancock Land
Application Site by and between the City of Lubbock and PM Cattle, LLC, of Southland, Texas,
and related documents. Said Contract is attached hereto and incorporated in this resolution as if
fully set forth herein and shall be included in the minutes of the City Council.
Passed by the City Council on March 27, 2014 Ile
GLE ROBERTSON, MAYOR
ATTEST:
Rebell Garza, City Secret
APPROVED AS TO CONTENT:
k. /�j Ij
R. Keith Smith, P.E., Director of Public Works
APPROVED AS TO FORM:
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Chad Weaver, Assistant City Attorney
vw:ccdocs'RES. Contract -PM Cattle
March 13, 2014
Resolution No. 2014-R0107
Contract 11753
City of Lubbock, TX
Cattle Grazing at the Hancock Land Application Site
Agreement
This Service Agreement (this "Agreement") is entered into as of the 27th day of March, 2014,
("Effective Date") by and between PNI Cattle, LLC , (the Contractor ),and the City of Lubbock (the
"City").
RECITALS
WHEREAS, the City has issued a Request for Proposals 14 -11753 -MA, Cattle Grazing at the
Hancock Land Application Site.
WHEREAS, the proposal submitted by the Contractor has been selected as the proposal which
best meets the needs of the City for this service; and
WHEREAS, Contractor desires to perform as an independent contractor to provide Cattle
Grazing at the Hancock Land Application Site, upon terms and conditions maintained in this Agreement;
and
NOW THEREFORE, for and in consideration of the mutual promises contained herein, the City
and Contractor agree as follows:
City and Contractor acknowledge the Agreement consists of the following exhibits which are
attached hereto and incorporated herein by reference, listed in their order of priority in the event of
inconsistent or contradictory provisions:
1. This Agreement
2. Exhibit A — General Requirements
3. Exhibit B — Proposal and Price Sheet
4. Exhibit C — Insurance Requirements
Scope of Work
Contractor shall provide the services that are specified in Exhibit A. The Contractor shall comply with all
the applicable requirements set forth in Exhibit B and C attached hereto.
Article 1 Services
1.1 Contractor agrees to perform services for the City that are specified under the General
Requirements set forth in Exhibit A. The City agrees to pay the amounts stated in Exhibit
B, to Contractor for performing services.
1.2 Contractor shall use its commercially reasonable efforts to render Services under this
Agreement in a professional and business -like manner and in accordance with the
standards and practices recognized in the industry.
1.3 Nonappropriation clause. All funds for payment by the City under this Agreement are
subject to the availability of an annual appropriation for this purpose by the City. In the
event of nonappropriation of fiends by the City Council of the City of Lubbock for the
goods or services provided under the Agreement, the City will terminate the Agreement,
without termination charge or other liability, on the last day of the then -current fiscal year
or when the appropriation made for the then -current year for the goods or services
covered by this Agreement is spent, whichever event occurs first. If at any time funds are
not appropriated for the continuance of this Agreement, cancellation shall be accepted by
the Contractor on thirty (30) days prior written notice, but failure to give such notice shall
be of no effect and the City shall not be obligated under this Agreement beyond the date
of termination.
Article 2 Miscellaneous.
2.1 This Agreement is made in the State of Texas and shall for all purposes be construed in
accordance with the laws of said State, without reference to choice of law provisions.
2.2 This Agreement is performable in, and venue of any action related or pertaining to this
Agreement shall lie in, Lubbock, Texas.
2.3 This Agreement and its Exhibits contains the entire agreement between the City and
Contractor and supersedes any and all previous agreements, written or oral, between the
parties relating to the subject matter hereof. No amendment or modification of the terms
of this Agreement shall be binding upon the parties unless reduced to writing and signed
by both parties.
2.4 This Agreement may be executed in counterparts, each of which shall be deemed an
original.
2.5 In the event any provision of this Agreement is held illegal or invalid, the remaining
provisions of this Agreement shall not be affected thereby.
2.6 The waiver of a breach of any provision of this Agreement by any parties or the failure of
any parties otherwise to insist upon strict performance of any provision hereof shall not
constitute a waiver of any subsequent breach or of any subsequent failure to perform.
2.7 This Agreement shall be binding upon and inure to the benefit of the parties and their
respective heirs, representatives and successors and may be assigned by Contractor or the
City to any successor only on the written approval of the other party.
2.8 All claims, disputes, and other matters in question between the Parties arising out of or
relating to this Agreement or the breach thereof, shall be formally discussed and
negotiated between the Parties for resolution. In the event that the Parties are unable to
resolve the claims, disputes, or other matters in question within thirty (30) days of written
notification from the aggrieved Party to the other Party, the aggrieved Party shall be free
to pursue all remedies available at law or in equity.
2.9 At any time during the term of the contract, or thereafter, the City, or a duly authorized
audit representative of the City or the State of Texas, at its expense and at reasonable
times, reserves the right to audit Contractor's records and books relevant to all services
provided to the City under this Contract. In the event such an audit by the City reveals
any errors or overpayments by the City, Contractor shall refund the City the full amount
of such overpayments within thirty (30) days of such audit findings, or the City, at its
option, reserves the right to deduct such amounts owing the City from any payments due
Contractor.
2.10 The City reserves the right to exercise any right or remedy to it by law, contract, equity,
or otherwise, including without limitation, the right to seek any and all forms of relief in a
court of competent jurisdiction. Further, the City shall not be subject to any arbitration
process prior to exercising its unrestricted right to seek judicial remedy. The remedies set
forth herein are cumulative and not exclusive, and may be exercised concurrently. To the
extent of any conflict between this provision and another provision in, or related to, this
document, this provision shall control.
IN WITNESS WHEREOF, this Agreement is executed as of the Effective Date.
CITY OF LUBBOCK, TX:
Glen o e o , ayor
A
T!�.). , ""� . , _..' _��
Re Iecca Garza, City Secretary (-�
APPROVED AST ONT
R. Keith Smith, P.E, Director of Public Works
APP ROV TO RM:
ChadWeaver, Assistant City Attorney
Contractor:
d
Contrac Signature
6 1'eY G JAAf; FL
Printed Name
C
Title
CITY OF LUBBOCK, TEXAS
Cattle Grazing on Hancock Land Site
RFP 14 -11753 -MA
GENERAL REQUIREMENTS
1 INTENT
Exhibit A
a) The City of Lubbock (hereinafter called "City") is seeking proposals from interested firms and
individuals, (hereinafter called "Proposer") to provide Cattle Grazing for at the Hancock Land
Application Site.
b) Offerors are invited to submit demonstrated competence and qualifications of their firm for
providing these services.
c) The information contained within this document is intended to provide interested firms with the
requirements and criteria that will be used to make the selection.
2 PROJECT DESCRIPTION
The City Land applies wastewater effluent at the Hancock Land Application Site. Jose wheat grass is
grown on the site to uptake the nitrogen in the wastewater that might leach into the groundwater.
Cattle use the Jose wheat grass as forage to help to maintain the site.
3 PURPOSE OF THE PROJECT
The City of Lubbock Land Application Sites are operated under a TCEQ Wastewater permit that
governs all activity on the site. Compliance with the wastewater permit and all applicable
supplementary operating plans will be strictly enforced.
4 SCOPE OF WORK
The proposal bid price will be per animal unit per year. Mature cow or breeding age heifer, mature
breeding age bull, and cow/calf pair where the calf is not weaning age will be considered an animal
unit. Calves weighing in excess of 500 lbs. that have not been weaned will be considered an animal
unit for billing purposes. The annual bid price per animal unit will be divided by the number of days
in the applicable year. The daily price per animal unit will be multiplied by the number of days each
animal unit was grazed during an applicable month and the cattle owner will be billed at the end of
the every month.
Cattle owner is responsible for maintaining accurate daily head counts. City of Lubbock personnel
will work closely with cattle owner or designee to insure accurate head counts are kept for billing
purposes. All cattle movement on or off the site must be turned into the designated city personnel
within 24 hours of inventory changes.
The cattle owner is responsible for providing an onsite caretaker for cattle. The caretaker is required
to check the cattle at least three times per week and maintain an accurate daily inventory of cattle. In
the event of an emergency, the cattle owner is required to have a caretaker onsite within I hours
notice.
The City maintains permanent and temporary fencing and water wells/troughs.
The City is not responsible to process, move, load, unload or haul cattle. That is the cattle owner's
responsibility.
The City is not to be held responsible for cattle deaths caused by irrigation equipment, electrical
equipment, traffic accidents, or acts of God. The City will not be held liable for damage to private
property when cattle get out for whatever reason. It is the cattle owner's responsibility.
The Hancock Land Application Site Grazing contract is for one owner only. The contract cannot be
subleased.
600 head of cattle +/- 150 head as dictated by available grazing conditions.
Cattle are to be mature breeding age beef cattle including breeding bulls.
Successful bidder will need to have the HLAS stocked within 30 days.
Stocking rates must be maintained at optimum levels year round in order to fully utilize available
forage while not overgrazing the site.
5 CONTACT TERM
The contract shall be for a period of five years with the option to renew an additional five- one-year
extensions said date of term beginning upon formal approval. The term of contract shall remain in
effect until the expiration date, performance of services ordered, or termination of by either party with
a thirty (30) day written notice.
Exhibit C
INSURANCE
SECTION A. Prior to the approval of this contract by the City, the Contractor shall furnish a completed
Insurance Certificate to the City, which shall be completed by an agent authorized to bind the named
underwriter(s) to the coverages, limits, and termination provisions shown thereon, and which shall furnish
and contain all required information referenced or indicated thereon. THE CITY SHALL HAVE NO
DUTY TO PAY OR PERFORM UNDER THIS CONTRACT UNTIL SUCH CERTIFICATES) HAVE
BEEN DELIVERED TO THE CITY.
INSURANCE COVERAGE REQUIRED
SECTION B. The City reserves the right to review the insurance requirements of this section during the
effective period of the contract and to require adjustment of insurance coverages and their limits when
deemed necessary and prudent by the City based upon changes in statutory law, court decisions, or the
claims history of the industry as well as the Contractor.
SECTION C. Subject to the Contractor's right to maintain reasonable deductibles in such amounts as are
approved by the City, the Contractor shall obtain and maintain in full force and effect for the duration of
this contract, and any extension hereof, at Contractor's sole expense, insurance coverage written by
companies approved by the State of Texas and acceptable to the City, in the following type(s) and
amount(s):
TYPE AMOUNT
General Liability
Commercial General Liability $200,000
General Aggregate
Automotive Liability
Combined Single Limit $200,000
Any Auto
Workers Compensation Statutory Amounts
The City of Lubbock shall be named additional insured on Auto/General Liability on a primary and non-
contributory basis with a waiver of subrogation in favor of the City on all coverage's. All copies of the
Certificates of Insurance shall reference the contract number for which the insurance is being supplied.
Copies of endorsements are required.
ADDITIONAL POLICY ENDORSEMENTS
The City shall be entitled, upon request, and without expense, to receive copies of the policies and all
endorsements thereto and may make any reasonable request for deletion, revision, or modification of
particular policy terms, conditions, limitations, or exclusions (except where policy provisions are
established by law or regulation binding upon either of the parties hereto or the underwriter of any of such
policies). Upon such request by the City, the Contractor shall exercise reasonable efforts to accomplish
such changes in policy coverages, and shall pay the cost thereof.
REQUIRED PROVISIONS
The Contractor agrees that with respect to the above required insurance, all insurance contracts and
certificate(s) of insurance will contain and state, in writing, on the certificate or its attachment, the
following required provisions:
a. Name the City of Lubbock and its officers, employees, and elected representatives as additional
insured, (as the interest of each insured may appear) as to all applicable coverage;
b. Provide for 30 days notice to the City for cancellation, nonrenewal, or material change;
c. Provide for notice to the City at the address shown below by registered mail;
d. The Contractor agrees to waive subrogation against the City of Lubbock, its officers, employees,
and elected representatives for injuries, including death, property damage, or any other loss to the
extent same may be covered by the proceeds of insurance;
e. Provide that all provisions of this contract concerning liability, duty, and standard of care together
with the indemnification provision, shall be underwritten by contractual liability coverage
sufficient to include such obligations within applicable policies.
f. All copies of the Certificates of Insurance shall reference the contract number for which the
insurance is being supplied.
NOTICES
The Contractor shall notify the City in the event of any change in coverage and shall give such notices not
less than 30 days prior the change, which notice must be accompanied by a replacement CERTIFICATE
OF INSURANCE.
All notices shall be given to the City at the following address:
Marta Alvarez, Director of Purchasing & Contract Management
City of Lubbock
1625 13'h Street, Room 204
Lubbock, Texas 79401
SECTION D. Approval, disapproval, or failure to act by the City regarding any insurance supplied by the
Contractor shall not relieve the Contractor of full responsibility or liability for damages and accidents as
set forth in the contract documents. Neither shall the bankruptcy, insolvency, or denial of liability by the
insurance company exonerate the Contractor from liability.
Exhibit B
February 24th, 2014
City of Lubbock
162513 Ih Street, #204
Lubbock, TX 79401
Subject: RFP 14 -11753 -MA Cattle Grazing on Hancock Land Site
Dear Honorable Mayor and City Council
PM Cattle, LLC hereby submits a response to the RFP #14 -11753 -MA pertaining to
the cattle grazing on Hancock Land site. The enclosed response fully details how
PM Cattle will comply with the requirements of this RFP and formally makes the
following submissions for your consideration:
• PM Cattle has ability to graze the maximum number of 600 (+/- 150
head) mature breeding age cows or replacement heifers. This is
dependent on there being adequate forage to support such number.
• PM Cattle has the financial ability to pay the grazing cost which is
determined by multiplying PM Cattles monthly bid price per animal unit
by the actual number of animal units grazed in respective month.
• PM Cattle has the ability to stock cattle 450 head of cows within a
minimum of 15 -days and 600 head of cattle within a maximum of 30 -
days of being awarded this RFP.
• PM Cattle will maintain adequate stocking levels to ensure full utilization
of available forage while not overgrazing the site.
PM Cattles Managing Partner lives within the area so there is adequate
care for the cattle and the ownership of two semi -trucks and ground
load cattle trailers provides the flexibility to transport and move cattle
should the need arise.
PM Cattle appreciates the opportunity to make this RFP submission for
consideration before the Honorable Mayor of Lubbock and the Lubbock City
Council.
Regards,
p
Gary Md rniel,Managing Partner
OPERATING_ OBJECTIVE & METHODOLOGY
PM Cattle, LLC is a partnership formed by Gary McDaniel, Managing Partner and Wally Perez, General
Partner. Partnership's operational objective is to utilize leased land or grazing rights to support and
scale a growing cow/calf operation. The business model is based on developing long term relationships
with Landowners with significant acreage that have the desire to lease land or grazing rights on a
long-term basis to Cattlemen that have the reputation of performing in the following manner:
• Good stewards of the land
• Adhere to sound ranch management practices
• Maintain a financial model that has long term sustainability
The following are the operating principles that the Partners adhere to in the day to day cattle
operations:
• Think and Act as land owners
• Think long term when investing
• Utilize proven cattle ranching techniques and methods
• Treat Land Owners as Partners and keep them informed
The leasing of land and grazing rights allows PM Cattle to deploy its invested capital to fund the growth
of its operations versus the acquisition of land. PM Cattle has been successful in generating a reasonable
economic return that in turn is reinvested back into the partnership so that the need for debt is
minimized.
In addition, the leasing of grazing rights allows PM Cattle the ability to geographically diversify its
operation's which allows the operations the Flexibility to scale its size based on current environmental
and economic conditions.
PARTNER BACKGROUNDS & EXPERTISE
Gary McDaniel, Managing Partner
Gary was born into a ranching family that ran a cattle operation in Wyoming. Gary maintains a personal
residence in Southland, Texas where he and his wife own 1200 acres of farmland and also serves as his
headquarters for his cattle operation in Garza and Lynn counties. Southland, Texas is 15 minutes from
Wilson, Texas. Since coming to Texas, Gary has acquired 30+ years of experience in the cattle business as
A cow/calf operator. In 2005, due to his reputation for being a competent and respected cattlemen,
Gary acquired the grazing lease for 27 sections from the C.W. Post Estate. This became the base from
which he was able to scale to a 900 head cow/calf operation. In 2013, due to the continuing drought in
Texas, the headcount was decreased to its present levels. Prior to this downsizing, in 2011 and 2012
Gary leased land in Wyoming to provide grazing for 600 head of cows. Also, in 2013 Gary was successful
in acquiring the grazing lease on acreage that is part of the Lake Allan Henry Wildlife Mitigation
program. In addition to being a cattle rancher, Gary is currently serving his fourth term as a county
commissioner in Garza County which equates to a total of 12 -years of service.
Wally Perez, General Partner
Wally is a native Texan and a graduate of Texas Tech University where he earned his BBA in Accounting.
For the past 22 -years, Wally has maintained certifications as a Certified Public Accountant (CPA) and
Certified Managerial Accountant (CMA). Wally has a residence in Lubbock and is currently employed as a
Chief Financial Officer for a privately held company headquartered out of Dallas, Texas. Wally has 10+
years of experience running a cow/calf operation in East Texas which is headquartered out of Italy,
Texas. The operation started in 2005 as a hobby with 20 head of cows and through the acquisition of
lease land scaled to a 950 head operation in just 3 -years. Due to the continuing drought in
Texas, the cattle operation was scaled down to its present size of 750 momma cows.
SIZE OF OPERATION
PM Cattle, LLC operates 28,000 acres of leased land/grazing in West Texas and East Texas.
The West Texas operation currently maintains 400 head of cows/ replacements on the following leased
acreage:
CW Post Estate consists of 27 -sections in Garza and Lynn County. During normal periods of
rainfall acreage will support 600 head of momma cows.
Lake Allan Henry Wildlife Mitigation consists of 6 -Sections. During normal periods of rainfall
acreage supports 100 head of momma cows.
The East Texas operation currently maintains 750 head of cows/replacements on the following leased
acreage:
Ellis County consists of 1,200 acres.
• Van Zandt County consists of 4,500 acres.
• Wood County consists of 1,200 acres.
PM Cattle owns two semi -trucks and two 53 foot ground load cattle trailers. This provides the flexibility
to move cattle between the East and West Texas operations when lack of rainfall affects the available
grazing in a geographical area.
PARTNER INVOLVEMENT IN CATTLE OPERATIONS
Gary McDaniel, Managing Partner oversees the West Texas operations
headquartered out of Southland, Texas. The headquarters is 15 -minutes from
Wilson, Texas. Gary and his son Clint McDaniel will spend 3-4 days per week
overseeing the cattle that will be grazed on the Hancock Land Site.
Wally Perez, General Partner oversees the East Texas operations headquartered
out of Italy, Texas and will be involved 2 -weekends per month overseeing the
cattle that will be grazed on the Hancock Land Site.
F
INVOLVEMENT FROM OTHER RESOURCES
PM Cattle's intentions are not to hire other professionals at this point to assist
with the cattle that will be grazed on the Hancock Land Site.
J
ORGANIZATIONAL STRUCTURE OF PM CATTLE, LLC
West Texas Operations
Gary McDaniel, Manager
Clint McDaniel, Cowboy
(10+ years cattle experience)
East Texas Operations
Wally Perez, Manager
Matt Petrey, Foreman
(20+ years of cattle experience)
COMPLIANCE WITH FEDERAL, STATE AND LOCAL LAWS
PM Cattle, LLC hereby acknowledges that it has complied and will continue to
comply with all Federal, State and Local laws.
HANDLING AND MANAGING ERRORS AND OMMISSIONS
PM Cattle, LLC business model is based on developing and maintaining long term
Partnership's with Land Owners. So should an error or an omission occur as a
result of being awarded this RFP, our philosophy for handling these type of
matters is to approach this from a Land Owners perspective and through the
course of discussions formulate options that can serve as a solution that is
mutually beneficial for all parties.
I
CITY OF LUBBOCK, TEXAS
Cattle Grazing on Hancock Land Site
RFP 14 -11753 -NIA
PRICE SHEET
ITEM
UNIT OF
MEASURE
DESCRIPTION
Contractor shall pay to the City S 0 per Animal Unit per Month (each dry
1.
Animal
=22.
cow, bull, cow/nursing calf, and/or weaned calf as deemed to be an "Animal Unit").
• Successful Contractor will have the HLAS stocked within how many days: 6,re a cmt) after
contract is awarded?
• Location of where the majority of the business is accomplished: L. W34 o CA-, 0 AA Z A -P &AI M
d tom.. ti r / E$
�v7'f PM CAii LC HAS THL oA/3CC* -/o Srose *ySaEfeA� �� Ca�.►�
/$= N A y T ANN (;C/6 H£.a6 w a r ba i.,1 A
Cir 30 — k lays 6 r A4 Aw aid9 Co 17--1S 2 l=N
Contractor's Signature Company's Name ?M C& rc F LL['
14
Exhibit C
INSURANCE
SECTION A. Prior to the approval of this contract by the City, the Contractor shall furnish a completed
Insurance Certificate to the City, which shall be completed by an agent authorized to bind the named
underwriter(s) to the coverages, limits, and termination provisions shown thereon, and which shall furnish
and contain all required information referenced or indicated thereon. THE CITY SHALL HAVE NO
DUTY TO PAY OR PERFORM UNDER THIS CONTRACT UNTIL SUCH CERTIFICATE(S) HAVE
BEEN DELIVERED TO THE CITY.
INSURANCE COVERAGE REQUIRED
SECTION B. The City reserves the right to review the insurance requirements of this section during the
effective period of the contract and to require adjustment of insurance coverages and their limits when
deemed necessary and prudent by the City based upon changes in statutory law, court decisions, or the
claims history of the industry as well as the Contractor.
SECTION C. Subject to the Contractor's right to maintain reasonable deductibles in such amounts as are
approved by the City, the Contractor shall obtain and maintain in fill force and effect for the duration of
this contract, and any extension hereof, at Contractor's sole expense, insurance coverage written by
companies approved by the State of Texas and acceptable to the City, in the following type(s) and
amount(s):
TYPE AMOUNT
General Liability
Commercial General Liability $200,000
General Aggregate
Automotive Liability
Combined Single Limit $200,000
Any Auto
Workers Compensation Statutory Amounts
The City of Lubbock shall be named additional insured on Auto/General Liability on a primary and non-
contributory basis with a waiver of subrogation in favor of the City on all coverage's. All copies of the
Certificates of Insurance shall reference the contract number for which the insurance is being supplied.
Copies of endorsements are required.
ADDITIONAL POLICY ENDORSEMENTS
The City shall be entitled, upon request, and without expense, to receive copies of the policies and all
endorsements thereto and may make any reasonable request for deletion, revision, or modification of
particular policy terms, conditions, limitations, or exclusions (except where policy provisions are
established by law or regulation binding upon either of the parties hereto or the underwriter of any of such
policies). Upon such request by the City, the Contractor shall exercise reasonable efforts to accomplish
such changes in policy coverages, and shall pay the cost thereof.
REQUIRED PROVISIONS
The Contractor agrees that with respect to the above required insurance, all insurance contracts and
certificate(s) of insurance will contain and state, in writing, on the certificate or its attachment, the
following required provisions:
a. Name the City of Lubbock and its officers, employees, and elected representatives as additional
insured, (as the interest of each insured may appear) as to all applicable coverage;
b. Provide for 30 days notice to the City for cancellation, nonrenewal, or material change;
c. Provide for notice to the City at the address shown below by registered mail;
d. The Contractor agrees to waive subrogation against the City of Lubbock, its officers, employees,
and elected representatives for injuries, including death, property damage, or any other loss to the
extent same may be covered by the proceeds of insurance;
e. Provide that all provisions of this contract concerning liability, duty, and standard of care together
with the indemnification provision, shall be underwritten by contractual liability coverage
sufficient to include such obligations within applicable policies.
f. All copies of the Certificates of Insurance shall reference the contract number for which the
insurance is being supplied.
NOTICES
The Contractor shall notify the City in the event of any change in coverage and shall give such notices not
less than 30 days prior the change, which notice must be accompanied by a replacement CERTIFICATE
OF INSURANCE.
All notices shall be given to the City at the following address:
Marta Alvarez, Director of Purchasing & Contract Management
City of Lubbock
1625 13`" Street, Room 204
Lubbock, Texas 79401
SECTION D. Approval, disapproval, or failure to act by the City regarding any insurance supplied by the
Contractor shall not relieve the Contractor of full responsibility or liability for damages and accidents as
set forth in the contract documents. Neither shall the bankruptcy, insolvency, or denial of liability by the
insurance company exonerate the Contractor from liability.