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07. 10/01/1997 to 09/30/2000 11/12/1997BRANCH OFFICE 3117 OVERSEAS HIGHWAY MARATHON, FLORIDA 33050 TEL. (305) 289-6027 FAX (305) 289-1745 �ouwr� r o .t . M'cui • c OGRt,G9 a u EAIL Oy9�f COUN7�. Fy� mannp I. Rotbage CLERK OF THE CIRCUIT COURT MONROE COUNTY 500 WHITEHEAD STREET KEY WEST, FLORIDA 33040 TEL. (305) 292-3550 FAX (305) 295-3660 MZMRRAHDRM TO: Peter Horton, Director Community Services Division Attn: Bevette Moore, Airport Finance FROM: Isabel C. DeSantis, Deputy Clerk Date: November 21, 1997 BRANCH OFFICE 88820 OVERSEAS HIGHWAY PLANTATION KEY, FLORIDA 33070 TEL. (305) 852-7145 FAX (305) 852-7146 As you know, at the Board meeting of November 12, 1997 the Board granted approval and authorized execution of a Lease Agreement between Monroe County and Federal Express for rental space at the Key West International Airport. Attached hereto are is a fully executed duplicate original of the Agreement for your return to FEDEX. Should you have any questions concerning the above, please do not hesitate to contact this office. cc: County Attorney County Administrator, w/o document Finance V File qo -Q l6:l-Gcl LEASE AGREEMENT KEY WEST INTERNATIONAL AIRPORT THIS CONTRACT OF LEASE is made and entered into on the /)... J day of fYOVf.l1.~'i:.. . - 1997, by and between MONROE COUNTY, a political subdivision of the State of Florida, hereinafter referred to as "COUNTY" and FEDERAL EXPRESS CORPORATION, hereinafter referred to as "FEDEX." WHEREAS, COUNTY owns an airport known as the Key West International Airport. located in Key West, Monroe County, Florida. hereinafter referred to as "AIRPORT," and WHEREAS, FEDEX is engaged in the business of air transportation of cargo and other property, and WHEREAS, FEDEX desires to obtain certain rights, services and privileges in connection with the use of the Airport facilities, and the COUNTY is willing to grant and lease the same to FEDEX on a non-exclusive basis, upon the terms and conditions hereinafter stated, NOW, THEREFORE, in consideration of the premises and of the mutual covenaQts and agreements herein contained, and other valuable considerations, COUNTY ~~ fieret,8 gr~nt and lease unto FEDEX, and FEDEX does hereby lease from COUNTY, certain ~rem~s, :f:I!cilif-ies, rights, and privileges in connection with and on the Airport, as follows, to wit: 0 ~ ~.'.. 9 ::~ m ?:- r f') 11 1. PREMISES COUNTY does hereby lease to FEDEX, and FED~ ~<ises fr(;m the COUNTY, the Air Cargo building presently located at the Airport, measuring o~ hu~recgreq~y thirty feet (100' x 30'), and nine thousand five hundred thirty-five (9,535) square;(eet 9J open I~d adjacent to the building, as indicated on the drawing labeled as Exhibit "A~attdC'he8hermo r- \::) and made a part hereof. ?- ~ 2. USE OF THE AIRPORT FEDEX shall be entitled to use, in common with others authorized to do so, the airport facilities and appurtenances, together with all equipment, improvements, and services which have been or may hereafter be provided at or in connection with the Airport for common use, in the operation of a business for the transportation of cargo and other property by air. 3. TERM The term of this lease shall be thirty-six (36) months, commencing October 1, 1997, and ending on September 30,2000. 4. RENTALS AND FEES During the term of this lease, FEDEX shall pay to the COUNTY, rent as follows: a) the amount of Eleven and 64/100 Dollars ($11.64) per square foot, for the area of three thousand (3.000) square feet, in the existing Air Cargo building, for a total of Thirty-four Thousand Nine Hundred Twenty Dollars ($34,920) per annum, plus applicable sales tax, and b) the amount of forty-seven and three/tenth cents ($0.473) per square foot for an area of nine thousand five hundred thirty-five (9,535) square feet of open land adjacent to the Air Cargo building. for use for loading, unloading. and parking of automotive vehicles. for a total of Four Thousand Five Hundred Ten and 06/100 Dollars ($4,510.06) per annum, plus applicable sales tax, Rental rates are subject to revision each year in accordance with the airport standard rates and charges, and in accordance with the percentage change in the Consumer Price Index (CPI) for Wage Earners and Clerical Workers in the Miami. Florida, area index, and shall be based upon the annual average CPI computation from January 1 through December 31 of the previous year. Rent for items a) and b) shall be paid in equal installments, each of which shall be due and payable on or before the first day of each calendar month during which this lease is in effect. Upon the failure of FED EX to pay any installments when due, the COUNTY will be entitled to charge and collect, and FEDEX will be obligated to pay, a late fee of two percent (2%) of any such amount, if paid within thirty (30) days of the date due, and five percent (5%) of any such amount. not paid within thirty (30) days of the date due. Such late fees will be in addition to the amount of rent due. The acceptance by the COUNTY of the overdue rental installment plus applicable late fees shall cure what would otherwise constitute a default by FEDEX under the terms of this lease. The COUNTY, at its option, however, may refuse a proffered overdue rental installment and late fees, declare a default. and proceed according to paragraph 14 of this lease. In the event that any check, draft, or negotiable instrument by which FEDEX has tendered any rent payment is returned to the COUNTY and not honored, whether for insufficient funds or other reason, the COUNTY will be entitled to charge and collect, in addition to any applicable late payment fees as provided above, a fee of Twenty-five Dollars ($25.00) for such dishonored instrument. Such penalty fee shall also be in addition to the amount of rent due. The acceptance by the COUNTY of the rental payment plus any applicable late fee and penalties following the receipt of a dishonored instrument shall cure what would otherwise constitute a default under the terms of this lease. The COUNTY, at its option, however, may refuse any proffered rental installment and applicable late fees and penalties, declare a default, and proceed according to paragraph 14 of this lease. 5. SECURITY DEPOSIT In addition to the rent payment as provided above, FEDEX shall maintain with the COUNTY, the sum deposited, to-wit: an amount of Twenty-five Hundred Dollars ($2,500.00), which the COUNTY will hold as a security deposit. In the event of any breach by FEDEX of any of the terms of this agreement, including any failure to timely pay any rent due, the COUNTY may draw upon the monies held by the COUNTY as security, to pay and cover any amounts due and owing from FEDEX. 6. LANDING FEES landing fees shall be assessed at a rate to be established by the County's 1995 Rates and Charges Study, subject to an adjustment on October 1, 1998 and October 1. 1999, in accordance with the percentage change in the Consumer Price Index (CPI) for Wage Earners and Clerical Workers in the Miami. Florida area index and shall be based upon the annual average CPI computation from January 1 through December 31 of the previous year. The landing fees shall be computed, using the $.71 rate as an example only, as follows: $.71 per 1,000 pounds of approved maximum gross landing weight. A minimum landing fee of $8.88 will be charged for all aircraft weighing less than 12,500 pounds gross landing weight. FEDEX shall report to the county commiSSioners, not later than the 10th day of each month. FEDEX's Actual Revenue Trip Arrivals at the Airport during the preceding calendar month, which shall include the number and type of such arrivals. The number of arrivals so operated, 2 multiplied by the applicable approved maximum gross landing weights for each type of aircraft. shall determine the weight for which the monthly payment shall be made. The term "approved maximum gross landing weight" for any aircraft as used herein. shall be the maximum gross landing weight approved by the Federal Aviation Administration for landing such aircraft at the AIRPORT herein. FEDEX provides service to Key West. Florida utilizing a Cessna 208 Caravan. While this aircraft is owned bl FEDEX, it is- L_Jed''''td~Ofla'~~'~ ~fA.urM~t}~'~~ed'i'rt,t)m."ef."mrm.Ccrfotin'5. As such. MAC is responsible for all the operating expenses related to aircraft. including landing fees. Within 15 days after its receipt of written notice that MAC is unable to satisfy its obligations hereunder. FEDEX will assume the responsibility for ensuring that all payments and contractual agreements are maintained. or vacate the premises and this lease shall be terminated in accordance with paragraph 14. 7. LEASEHOLD IMPROVEMENTS AND USE FEDEX shall have the right to occupy the Air Cargo building measuring one hundred feet by thirty feet (100' x 30'), and nine thousand five hundred thirty-five (9,535) square feet of open land adjacent to the Air Cargo building, as indicated on the drawing labeled as Exhibit "A" attached hereto and made a part hereof. FEDEX may only utilize the leased building to provide counter space for members of the public desirous of using FEDEX's cargo and package services and for the operation of a business engaged in the transportation of cargo and other property. While premises are leased to FEDEX for parking, FEDEX shall not park or place automotive vehicles in any space on the premises unless it has been designated by the COUNTY for parking. The COUNTY shall cooperate with the FED EX in designating a reasonable number of parking spaces to accommodate FEDEX's business traffic. 8. COMMON AREAS FEDEX shall have the right to use, in common with others, the Airport space and facilities to permit landing, taking off, loading, unloading and servicing of FEDEX's aircraft, subject to reasonable rules and regulations of COUNTY as to the use of such common spaces and facilities. 9. RIGHT OF INGRESS AND EGRESS FEDEX, its agents. employees. customers. suppliers. and patrons shall have the right of ingress and egress to and from the leased premises, which shall not be unreasonably restricted by COUNTY 10. UTILITIES FEDEX shall be responsible for the payment of electrical service. water service, and septic tank servicing and similar utility services as needed. In addition to rent and other charges. FEDEX shall pay a trash collection fee of $1.800 per annum. 11. ASSIGNMENT The premises leased hereunder may not be sublet and this lease may not be assigned without the written consent of the COUNTY. 12. MAINTENANCE OF PREMISES FEDEX shall be responsible for and shall properly maintain the leased premises, and upon the termination of this lease, shall leave the premises in at least as good condition as at the time of the commencement of this lease. normal use and occupancy excepted. FEDEX shall also be responsible for and shall properly maintain the security fences and gates surrounding the leased premises and any remodeling or construction performed to or on the premises leased hereunder. 3 13. INDEMNIFICATION/HOLD HARMLESS a) FEDEX agrees to indemnify and save COUNTY harmless from and against all claims and actions and expenses incidental thereto, arising out of damages or claims for damages resulting from the negligence of FEDEX, its agents, or employees in the use or occupancy of the leased premises and the common areas of the Airport facilities by FEDEX. However, FEDEX shall not be liable for any claims. actions or expenses which arise from the negligent or intentional acts or omissions of the County, its agents or employees. The extent of liability is in no way limited to, reduced, or lessened by the insurance requirements contained elsewhere within this agreement. b) General Insurance Requirements Prior to FED EX taking possession of the property owned by the COUNTY, FED EX shall obtain, at its own expense, insurance as specified in the attached schedules, which are made a part of this lease agreement. FEDEX will not be permitted to occupy or use the lease property until satisfactory evidence of the required insurance has been furnished to the COUNTY as specified below. FEDEX shall maintain the required insurance, throughout the entire term of this lease agreement, and any extensions, as specified in the attached schedules. Failure to comply with this provision may result in the immediate termination of the lease agreement and the return of all property owned by the COUNTY. FEDEX shall provide to the COUNTY as satisfactory evidence of the required insurance, either a Certificate of Insurance or a certified copy of the actual insurance policy. All insurance policies must specify that they are not subject to cancellation, non-renewal, material change, or reduction in coverage unless a minimum of thirty (30) days prior notification is given to the COUNTY by the insurer. The acceptance and/or approval of FEDEX's insurance shall not be construed as relieving FEDEX from any liability or obligation assumed under this contract or imposed by law. The Monroe County Board of County Commissioners will be included as " '~ll" on all policies. FEDEX shall carry its insurance with Insurance companies authorized to do business i"''''' ,muulll'_uL. Any deviations from these General Insurance Requirements must be requested in writing on the County prepared form entitled "Request for Waiver of Insurance Requirements" and be approved by Monroe County Risk Management. 14. DEFAULT Unless the COUNTY has accepted a rental installment after it has become due together with any applicable late payments and penalties, the failure to pay rental installments when due shall constitute a default under the terms of this lease. The failure to pay any other charges or fees when due under this lease shall constitute a default. Further. the failure of FEDEX to perform any other of the covenants of this lease, which failure shall continue for a period of fifteen (15) days after notice thereof is given to FEDEX in writing by the COUNTY, shall also constitute a default under the terms of this lease. In the event of a default, COUNTY may, at its option, declare the lease forfeited and may immediately re-enter and take possession of the leased premises and this lease shall terminate, If it shall be necessary to employ the services of an attorney in order to enforce its right under this paragraph, or to collect any of its rentals. fees, or charges due, COUNTY shall be entitled to reasonable attorney's fees. 15. CANCELLATION OF LEASE COUNTY may cancel this lease agreement by giving FEDEX sixty (60) days advanced written notice upon the happening of anyone of the following 4 events: the appointment of a receiver of FEDEX's assets; the divesting of FEDEX's leasehold estate by other operation of law; the abandonment by FEDEX of its air cargo transportation business at the Airport for a period of sixty (60) days. By the end of the sixty (60) day notice period, FEDEX shall have vacated the premises and the COUNTY may immediately re-enter and take possession of the same. If it is necessary to employ the services of an attorney in order to enforce the COUNTY's rights under this paragraph, the COUNTY shall be entitled to reasonable attorney's fees. 16. FAA REQUIREMENTS The parties shall comply with FAA Required Lease Clauses, which are listed in Exhibit "B," attached hereto and made a part hereof. IN WITNESS WHEREOF, the parties have caused this lease to be executed this / 2 #t day of No verY'Jhe.(' ,1997. /~- t ..r.~ " ..; , (SEAL) .~; / ATTEST: DANNY l. KOLHAGE, CLERK Deputy Clerk BOARD OF COUNTY COMMISSIONERS OF MON COUNTY, FLORIDA ~ By i1a--WC. ~YJ~ " Mayor/Chairman -cft~ a~ (/ Witness 11..4 i'Ul "'-' J).1 d Witness FEDERAL EXPRESS CORPORATION tfJ ~ivj~ tK3ut.. And Airport Dewlopment ~,r3h? .'PIOVrD 1:.'/'f1 AS TO LEGAl fORM ~(\b. /o/')..}&t!t LEGAl DEPt jairifedex APPROVED AS TO F AND LEGAL SUFFICI BY (' C~A TE 5 ,-, "' ...;. . 4 ; .','; . , I I \---- -- I i \ \ ,. '" .' '\ - - ---'---4_~ 't7 1IJ "1 ;r .... :::I IQ .. . " ! '. t-o o III 0- .... :::I ~ C.. ::1 ~ o 1IJ 0. '...' :1 IQ -----~-..... ----- - EXHIBIT "A" j 1 ~', > - ):J n )t )Q " o OJ ~ r- eo - Z C1 ,-I. ~u . . ta_ I I )00 I f I 't7 III ., 7'i "". ::J IQ :u OJ 3 '0 ~ f ;-', '~' -J l 'i. i,~ ,~' 4 . .~' ~ .'. ~ .. ~ . ' - , , .,..." . Q1 .. , ......-<..'- ..; ro~ C lD ~.t"! ......3 Cl. ~. ~:J :J III 10..... J~ .. (", "L -- EXP.JEIT'A - l' " .~'f . ~- " " " .. . .. '- .. ..... '_ iJ ; ;..1:.... I .... j..i.... I ~ . 1 :i ~ ;I'~ " , ., , - ; ~...... EXHIBIT "B" FAA R(QOIRED LEASE CLAOSLS 1. This lease shall be subject to review and re-evaluation at the end of each 1- year period, by the airport ovner and the rent may-be adjusted according to their action, not to exceed the Consumer Price Index rate during the last ~ month period, or; Land less improvements ~ill be appraised every 5 years and the adjusted rental viII be based on normally 10-12 percent at appraised value. If disputed, lessor obtains appraisal at ~is expense and les~or/lessee equally share expense for review appraisal that establishes fair ~arket value. 2. The tenant for himself, his pers'onal representatives, Successors in interest, and assigns, as a part of the consideration hereof, does hereby covenant and agree that (1) no person on the grounds of race, Color, or national origin shall he excluded from partiCipation in, denied the benefits of, or be othe~ise SUbjected to discrimination in the use of said facilities, (2) that in the construction ot any improvements on, over or under SUch land and the furnishing of services thereon, no person on the grounds of race, color, ~r national origin shall be excluded from participation in, denied the benefits of, or be otherwise subjected to discrimination, (J) that the tenant shall use the premises in compliance vith all other requirements imposed by or pursuant to Title 49, Code of Federal Regulations, Depa~~ent Of Transportar~on, SUbtitle A, O!fice of the Secretary, Part 2~, Nondiscri~ination in Federally-assisted programs of the Department of Transportation-Effectuation of Title ~ of the Civil Rights Act of 1964, and as said Regulations may be amended. , That in the event of breach or any of the above nondiscr1mination Covenants, ^irport Owner shall have the right to tl!.t1Ilinate the lease and to re-enter and U.. if said lease had nevar been ~de or issued. The provision shall not be effective until the procedures' of Title 49, Code of Federal Regulations, Part 21 are' ,... followed and Comple~ed inclUding exercise or expiration of appeal rights. ~ ". '3. It shall be a condition of this lease, that the lessor reserves unto i~self, its SUccessors and aSSigns, for the USe and benefit of the public, a right of flight for the passage of aircra~t in the airspace above the SUrface of ~e real property hereinafter described, together ~ith the right to cause in said airspace such noise as may be lnherent in the Ope~ation ot aircraft, A~: :J ". ..-f'-' i . ~, . - . II 4 ; r ."t'. \ :: : j :; now kno~n or h~reatter USQd, for navigation of or flight in the said airspace, and for use of said airspace for landing' on, taking off from or operating on the airport. That the Tenant expressly agrees for itself, its SUCcessors and assigns, to restrict the height of structures, objects of natural growtn and other obstructions on the hereinafter described real property to SUch a height so as to comply with Federal Aviation Regulations, Part 77. That the Lessee exprc~sly.agrees for its~lf, its successors and assigns, to prevent any use of the hereinafter described real property which would interfere with or adversely aff~ct the operation or maintenance of the airport, or otherwise constitute an airport hazard. 4. This lease and all provisions hereof are SUbject and SUbordinate to the terms and conditions of the instruments and documents under which the Airport O~er acquired the subject property from the United States or America and shall be given only such effect as Yill not conflict or be inconsistent with the terms and Conditions contained in the lease of said lands trtim the Airport Owner, and any existing or subsequent a~endments thereto, and are subject to any ordinances, rules or regulations uhich have been, or may hereafter be adopted by the Airport Owner pertaining to the ;( W r ..q Airport. 5. Notvithstanding anything herein contained that may he, or appear to be, to the contrary, it is expreSSly understood and agreed that the rights qranted under this agreement are nonexclusive and the :Lessor herein reserves th~ right to grant similar privileqes to another LeSSee or other Lessees en other parts of the airport 00:(' .... }:J. : 4 :.j 9 7 4: 1 7 PM ~. , " ..'; J N IJ. !~i l 2 2 P : 2 INSURANCE REQUIREMENTS "'< , J-',I.)IJ, j l..i.-' '-, .... ~ \.' . .. - , i' '"./ w; L L 1996 Edilion ( MONROE COUNTY, FLORIDA RISK MANAGEMENT POLICY AND PROCEDURES CONTRACT ADMINISTRATION MANUAL General Insurance Requirements (or Airport! Aircraft Activities F'6~~ Prior to the commoncerod '?L~~k eovemcd by this COntract (including the pre-staging of personnel and material), r shall obtain, at hislher own expense, insurance as specified in the attached schedules, which are made part of this contract. ~ will ensure that the insurance obtained will extend protection to all Contractors enga~~r~~e Vendor. ~n F€~Cr The Y tJ'lder will not belermitted to commence work governed by this contract (including pre- staging of personnel an material) until satisfactory evidence of the required insurance has been furnished to the County as specified below. FE~EJ 11J' y cna6f shall maintain the required insurance throughout the entire term of this contract and any extensions specified in any attached schedules. Failure to comply with this provision may result in the immediate suspension of all activities conducted by 1M Veft88C and its Contractors untillhe required insurance ha.s been reinstated or replaced. F"e~ e JC f~~I~:Ser shall provide, to the County, as satisfactory evidence of the required insurance, either: · Certificate of Insurance or · A Certified copy of the actual insurance policy. ~~ C~ttnt), at iu ~olt opt~on, ftll3 the right to ,l<ittt3t a oc!1iiie6 eepy ef al'!Y 81 all iJ'l3\iraneC . pelieies r8l\"irea ey this eeatfaet. All insurance policies must specify that they are not subject to cancellation, non.renewal, material change, or reduction in coverage unless a minimum of thirty (30) days prior notification is given to the County b~ the insurer. , F'fO tJt'i The acceptance and/or approval of the Vtl1d~ insurance shall not be construed as relieving__ ~W from any liability or obligation assumed under this contract or imposed by law, The Monroe County Board of County Commissioners, its employees and officials will be included as "Additional Insured" On all policies, except for Workers' Compensation. Any deviations from these General Insurance Requirements must be requested in writing on the County prepared form entitled "Request (or Waiver of Insurance Requirements" and approved by Monroe County Risk Management ^dminiSlralion InSlruc:iO'1 1141Cl'l2 :~ II AIRCRAFT LIABILITY INSURANCE REQUIREMENTS FOR CONTRACT BET\VEEN MONROE COUNTY, FLORIDA Al\T}) FEDERAL EXPRESS CORPORATION (f1FEDEXfI) ~~ Recognizing that the Vendor is engaged in providing commercial air transportation and delivery service to and from air facilities owned, operated, or maintained by the County, the Vendor shall purchase and maintain, throughout the life of the contract, Aircraft and Airport Liability Insurance which will respond to bodily injury and property damages resulting from any claim arising out of the air transportation services governed by this contract. The covered operations section of the policy must specifically state that the Vendor is engaged in business of a commercial airline. The Monroe County Board of County Commissioners must be named as Additional Insured. The minimum limits of liabili ty shall be $1 million per occurrence, for both types of coverages. AIRl 36 . . ~.I.}J, . '1. -I'.... , . - - I ~!j: M il ; :} NCi Ulc..L I J 1996 Edition GEl\~RAL LIABILITY INSURANCE REQUIREMENTS FOR . CONTRACT . BETWEEN MONROE COUNTY, FLORIDA AND FEDERAL EXPRESS CORPORATION ("FEDEX") f'enex Prior to the commencement of work governed by this contract, tftt COllhact?x shal obtain General Liability Insurance. Coverage shall be maintained throughout the lafe of the contract and include, as a minimum: , · Premises Operations · Products and Completed Operations · Blanket Contractual Liability · Pcrsonallnjwy Liability · Expanded Definition of Property Damage The minimum limits acceptable shall be: ....- SI.000:000 Combined Single Limit (CSL). ... If split limits are provided, the minimum limits acceptable shall be: $ 500,000 per Person $ 1,000,000 per Occurrence $ 100,000 Property Damage An Occurrence Form policy is preferred. If coverage is provided on a Claims Made policy, its provisions should include coverage for cJaims filed on or after the effectiye date of this contract. In addition, the period for which claims may be reported should extend for a minimwn of twclve (12) months following the acceptance of work by the County. The Monroe County Board of County COmmissioners shall be named as Additional Insured on all policies issued to satisfy the above requirements. :.i-!.. -<; CLJ Adminislralion I'hlrucl;on 1t47092 ~(. ..... '.; 'J .. : j'~ , L:);' !',: ... ~ :. u. .. " .\; . ~ (. ;1) 1996 Edilion VEHICLE LIABILITY INSURANCE REQUIREMENTS FOR CONTRACT BEtWEEN MONROE COUNTY, FLOIUDA AND FEDERAL EXPRESS CORPORATION (t1FEDEXtl) FEtter Recognizing that the work governed by this contract requires the use of vehicles, tAt C9Rt.raetel, prior to the Commencement of work, shall obtain Vehicle Liability Insurance. Coverage shall be maintained throughout the life of thc contract and include, as a minimum, liability coverage for: · Owned, Non-Owned, and Hired Vehicles " The minimum limits acceptable shall be: $1,000,000 Combined Single Limit (CSL) ..,:<-- . If split limits aCc provided, the minimum limits acceptable shall be: 418 $ 500.000 per Person $1,000,000 per Occurrence $ 100,000 Property Damage The Monroe County Board of County Commissioners shall be named as Additional Insured on all policies issued to satisfy the above requirements. :~ "" 7 Vl.3 AdministrilliOn Instruclion 14709.2 83 .!:,:JG, ; 4. \ C' (; i j. ,-,,,, j ~ : ? !',! : ~ :J NO. 0122 r. 17 1996 Edilion WORKERS' COMPENSATION INSURANCE REQUIREMEI\'TS FOR CONTRACT BETWEEN MONROE COUNTY, FLORIDA AND FEDERAL EXPRESS CORPORATION (lfFEDEXIf) m, ~~e-~ Prior to the commencement of work governed by this contract, tM COMnlete. shaII obtain Worke~t Compensation Insurance with limits sufficient to respond to the applicable state statute~. In addition, the Contractor shall obtain Employers' Liability Insurance with limits of not less than: ;, S I ,000,000 Bodily Injury by Accident $1,000,000 Bodily Injury by Disease, policy limits $1,000,000 Bodily Injury by Disease, each employee . -;-- . Coverage shalt be maintained throughout the entire term of the contract. Coverage shall be provided by a company or companies authorized to transact business in the state of Florida. FEa~. ~~ If1k CUllUi1\;LUr has been approved by the Florida's Department of La , as an authorized self. insurer, the County shaH recognize and honor the Contractor's status. may be required to submit a Letter of Authorization issued by the Department of Labor and a Certificate of Insurance, providing details on the CeRtfKlaH-Excess Insurance Program. .[f!f.X ':-ec.elf, If OAtraeler participates in a self-insurance fund, a Certificate ofInsurance will be required. In addition. ~r may be required to submit updated financial statements from the fund Upon request frolr the County. ~eC) E->c ... :.1'.. "- WC3 ^dminislralion In~\rucljon *4709.2 90