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Company shall designate a responsible contact person with whom officials of the City can <br />• communicate on all matters relating to equipment installation and maintenance. <br />• <br />• <br />Section 3. Should the Company decide to own and install its own lines, cable, <br />or equipment (rather than merely leasing excess capacity), within thirty (30) days after <br />completion of any work, the Company shall replace, repair, or restore in accordance with City <br />standard specifications any sidewalks, streets, and City rights -of -way which are damaged or <br />displaced by the Company in the construction and maintenance of its system. Upon failure of <br />the Company to do so, the City may repair or replace such portion of the sidewalk, street, or <br />right -of -way that may have been disturbed by the Company, and collect the cost so incurred <br />from the Company. Should the Company decide to own and install its own lines, cable, or <br />equipment within the City's right -of -way, the Company shall post an irrevocable letter of credit <br />with the City in the amount of five thousand dollars ($5,000.00) or other security acceptable to <br />the City Attorney to guarantee the timeliness and quality of such repair and restoration work, <br />and to guarantee the removal of its lines from City rights -of -way should such be required upon <br />expiration of the agreement term. In the event additional lines, cables, or wires are installed, <br />and existing facilities and conduits are not used, the City may require the Company to increase <br />the irrevocable letter of credit (or other security acceptable to the City Attorney) with the City <br />to the amount of the twenty thousand dollars ($20,000.00). <br />Section 4. Upon notice from the Director of Public Works of a proposed <br />improvement or alteration of City sidewalks, streets, or other public property, or of a proposed <br />relocation of any City -owned utilities, the Company shall relocate at its own expense any <br />underground or overhead lines within sixty (60) days of receipt of this notice. This Section 4 <br />applies only to lines owned by the Company. <br />Section 5. Should the Company decide to own and install its own lines, cable, <br />or equipment (rather than merely leasing excess capacity), the Company agrees and binds itself <br />to indemnify, keep, and hold the City free and harmless from liability on account of injury or <br />damage to person, firms, or corporations, or property growing out of or directly or indirectly <br />resulting from (a) such use of the streets, alleys, highways, sidewalks, rights -of -way, and other <br />public places of the City, (b) the acquisition, erection, installation, maintenance, repair, <br />operation, and use of any poles, wires, cables, conduits, lines, manholes, facilities, and <br />equipment, or (c) the exercise of any right granted by or under this agreement or the failure, <br />refusal, or neglect of the company to perform any duty imposed upon or assumed by the <br />Company by or under this agreement. Further, should the Company decide to own and install <br />its own lines, cable, or equipment, the Company shall also obtain and maintain in force a <br />comprehensive general liability policy in form satisfactory to the-City Attorney of the City of <br />Charlottesville having a combined single limit coverage of not less than one million dollars <br />($1,000,000.00). The policy shall include the City of Charlottesville as an additional insured <br />party, and the Company shall provide the City Attorney with a certificate of such coverage <br />before beginning installation of any lines, cable, or equipment and annually thereafter. The <br />Company shall also require similar indemnification and insurance coverage from any contractor <br />working in the public rights -of -way on behalf of the Company. In the event that any suit or <br />2 <br />