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Supporting Documentation · Mar 26, 2024

99-24 Exhibit to Temporary Extension Agreement.pdf

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b.b. A Restoration A Restoration Bond Bond inin the the form form acceptable acceptable to to the West Orange the West Orange Township Township Attorney, and Attorney, and in in the the amount amount equal equal toto $50,000, $50,000, duly executed by duly executed by thethe successful successful Respondent Respondent (Operator), (Operator), as as principal principal and and by by aa reputable reputable suretysurety company company rated rated A+A+ or or better better by by A. A. M. M. Best Best Company's Company’s Insurance Insurance Ratings Ratings licensed licensed to to do do business

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to do do business business under under the laws of the laws of and and in in the State of the State of New New Jersey Jersey and and satisfactory satisfactory toto the the Township Township of West Orange. The Restoration Bond must of West Orange. The Restoration Bond must specifically specifically provide provide that that it it will will indemnify indemnify and and pay pay allall costs related to costs related to any any actions actions required required to to restore

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required to to restore restore the the property property to its original to its original condition condition as as it it existed existed prior prior toto the the receipt receipt of of any any Class Class A, A, B B or or Class Class C material C material at the site at the site atat the the beginning beginning of of the the contract. contract This specifically includes, This specifically includes, but but isis not not limited limited to, costs and to, costs expenses incurred

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t not limited limited to, costs and to, costs expenses incurred and expenses incurred by any adverse by any adverse governmental governmental regulatory action regulatory action and costs and and costs and expenses expenses potentially potentially incurred incurred to to remediate remediate transport transpo1t and dispose of and dispose of the the Townships Vegetative Waste Township's Vegetative Waste atat sitessites other other than the than the Facility. IfIf the Facility. the Surety Surety on on thethe Bond Bond furnished furnished filesfiles bankruptcy bankruptcy or or becomes becomes

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bankruptcy or or becomes becomes insolvent or insolvent its right or its right toto do do business business isis terminated, terminated, or or itit ceases ceases toto meetmeet thethe requirements requirements stated stated herein, herein, the the Operator shall within Operator shall within five (5) days five (5) days thereafter thereafter substitute another substitute another Bond Bond and and Surety Surety from from aa reputable surety company reputable surety company rated rated A+ A+ or or better better byby A.M. A.M. Best Best Company's Company's Insurance Insurance RatingsRatings licensed licensed to do business to do business in in the the State of State of New Jersey acceptable New Jersey

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the State of State of New Jersey acceptable New Jersey acceptable to to the the Township Township of of West West Orange. Orange. c.c. Worker's Compensation Insurance Worker's Compensation Insurance per state requirements. per state requirements. d. d. AA comprehensive comprehensive General Liability Policy General Liability Policy with with aa combined single limit combined single of limit of bodily injury for bodily $2,000,000 for $2,000,000 and property injury and damage. The property damage. The policy shall policy shall include coverage include coverage for for "XCU" “XCU” exposures exposures and completed operations and completed operations coverage. coverage. e.e. An Automobile An Automobile Public Public Liability Liability and Property Damage and Property

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n Automobile Public Public Liability Liability and Property Damage and Property Damage Policy with aa Policy with limit of single limit combined single combined of $2,000,000 for bodily $2,000,000 for bodily injury and property injury and property damage. damage. f.f. All certificates of All certificates of insurance insurance shall shall stipulate stipulate that that the insurance will the insurance not be will not be changed or canceled without giving thirty (30) days prior written notice toto changed or canceled without giving thirty (30) days prior written notice the the Township Township of of West Orange by West Orange registered mail. by registered Any notice mail. Any of notice of termination shall termination shall constitute constitute an an immediate immediate default default and and permit the Township

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te default default and and permit the Township permit the Township to to immediately terminate this immediately terminate this agreement. agreement. g. Certificates shall show Ce1tificates shall show the the type, type, amount, class of amount, class operations covered, of operations covered, aa effective dates effective dates and and expiration expiration dates dates for for all all policies. policies. All said All said policies shall remain policies shall remain in in full full force force and and effect effect during the term during the term of of this Agreement, this Agreement, and for and for any any additional additional period of time period of time as as required and list required and West Orange list West Orange asas an additional an

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West Orange list West Orange asas an additional an additional insured. insured. 31 31

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