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12361RESOLUTION NO. 12,361 A RESOLUTION TO INCREASE AN EXISTING CONTRACT TO CRANFORD CONSTRUCTION COMPANY FOR STREET RESURFACING WITHIN THE CITY OF LITTLE ROCK WHEREAS, Street asphalt resurfacing improvements are needed within the City of Little Rock to maintain existing asphalt streets, AND, citizens of the City of Little Rock voted in November 2003 for these resurfacing improvements as a component of the 2004 Bond Issue. AND, Cranford Construction Company submitted the lowest bid meeting specifications for Bid 46217 approved by March 7, 2006. AND, some funding remains as a result of construction savings, interests accrued, and uncommitted monies from the original Bond Accounts. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS: SECTION 1. The City Manager is hereby authorized to increase an existing agreement with Cranford Construction Company in an amount not to exceed $3,969,315.81 for resurfacing asphalt streets within the City of Little Rock. SECTION 2. Funding for the project is available from the original 2004 Bond Issue appropriations and interests accrued. SECTION 3. This resolution will be in full force and effect from and after the date of its adoption. ADOPTED: October 3, 2006 ATTEST: 7 s NA CY WO City Clerk APPROVED: 94444, $/o