89-076 Ordinance - Laserfiche WebLink

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Borrower hereby agrees to defend, indemnify and hold Issuer and any and ail officials thereof, harmless against any and all loss, cost, expense, claims or actions arising out of, or connected with, the execution and delivery of this Agreement and the con- summation of the transactions provided for herein and contemplat- ed hereunder, including the preparation of proceedings for, and the issuance, sale or delivery of the bonds. 5. All wages paid to laborers and mechanics employed on the Project shall be paid at the prevailing rates of wages for laborers and mechanics for the class of work called for by the Project, which wages shall be determined in accordance with the requirements of Chapter 4115, Ohio Revised Code, for determina- tion of prevailing wage rates; provided that if Borrower under- takes, as part of the Project, construction to be performed by his regular bargaining unit employees who are covered under a collective bargaining agreement which was in existence prior to the date of this Agreement, the rate of pay provided under the applicable collective bargaining agreement may be paid to such employees. To the extent required by Section 4115.032, Ohio Revised Code, the Borrower shall comply, and shall require com- pliance by all contractors or subcontractors working on the Project, with all applicable requirements of Sections 4115.03 through 4115.16, Ohio Revised Code, including, without limita- tion, obtaining or causing to be obtained from the Ohio Depart- ment of Industrial Relations its determination of the prevailing rates of wages to be paid for the class of work called for by the Project. Prior to the issuance of such bonds, the Borrower shall -4-