Laserfiche WebLink
Bonds. The City shall have no financial responsibility with <br />respect to the Bonds or the Project except from the proceeds of <br />the Bonds or revenues produced pursuant to the Loan Agreement. <br />3. The Borrower agrees that all laborers and <br />mechanics employed on the Project shall be paid as provided in <br />Section 165.031 of the Ohio Revised Code, so that laborers and <br />mechanics shall be paid at the prevailing rates of wages <br />determined in accordance with Chapter 4115 of the Ohio Revised <br />Code by the Ohio Department of Industrial Relations (the <br />"Department"); provided that if the Borrower or other <br />non-public user beneficiary of the Project undertake, as part <br />of the Project, construction to be performed by its regular <br />bargaining unit employees who are covered under a collective <br />bargaining agreement which was in existence prior to the date <br />of this Agreement, the rate of pay provided under such <br />collective bargaining agreement may be paid to such employees. <br />To the extent required by Section 4115.032 of the Ohio <br />Revised Code, the Borrower shall comply, and shall require <br />compliance by all contractors or subcontractors working on the <br />Project, with all applicable requirements of Sections 4115.03 <br />through 4115.16 of the Ohio Revised Code. Without limiting the <br />generality of the foregoing, if construction work is undertaken <br />with respect to the Project (1) the Borrower shall obtain, or <br />cause any contractors and subcontractors working on <br />construction work with respect to the Project to obtain, from <br />- 3 -