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11771a- ORDINANCE NO. 119771 AN ORDINANCE APPROPRIATING $316,484.86 FROM THE 1965 CAPITAL IMPROVEMENT BOND FUNDS TO ACCOUNT 65 S 60 (CHESTER STREET) FOR EXPENSES OF WIDENING CHESTER STREET IN THE CITY OF LITTLE ROCK; ACCEPTING THE BID OF P.B. PRICE CONSTRUCTION COMPANY IN SAID SUM FOR THE CONSTRUCTION OF SAID IMPROVEMENTS; AUTHORIZING THE EXECUTION OF A CONTRACT FOR SAID IMPROVEMENTS; AND FOR OTHER PURPOSES. WHEREAS, invitation for bids for the construction of certain improvements necessary to widen Chester Street in the City of Little Rock, Arkansas, was duly advertised and bids received pursuant thereto according to law; and WHEREAS, the lowest responsible and responsive bid received was the bid of P.B. Price Construction Company in the sum of $316,484.86; and WHEREAS, it is the desire of the Board of Directors of the City of Little Rock, Arkansas, to accept the said bid and to authorize the execution of a contract for the prosecution of the work by the said bidder; and WHEREAS, in order to fund the execution of said contract it is necessaky to appropriate funds to be paid during the prosecution of the work; NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS. SECTION 1. There is hereby appropriated from the 1965 Capital Improvement Bond Funds the sum of $316,484.86 to account 65 S 60 (Chester Street) to be expended for the widening of Chester Street in the City of Little Rock, .Arkansas SECTION 2. The bid of P.B. Price Construction Com- pany in the sum of $316,484.86 for the work described as widening of CMeate►i Street as more articularl forth p y set in the bidding specifications prepared by Garver & Garver, Inc. is hereby accepted. The Mayor and City Clerk are hereby authorized and directed to execute for and in behalf of the City of Little Rock, Arkansas a contract for the prosecution of said work, which contract shall be in form and substance as follows: Coe "�`Q �.��x., (an individual trading as ) - Strike out the two terms not applicable hereinafter called ,the "Contractor ", and City of Little Rock, Ar nsas, herein - after called the "Owner ".r WITNESSETE, that the Contractor and the Owner for the,considerations stated herein mutually agree as follows: ARTICLE 1. Statement of Work. The Contractor shall furnish all super- vision, technical personnel, labor, materials, machinery, tools, equipment, Incidentals,, and services, including utility and transportation services, and perform and complete all work required for the Chester Street Widening in Little Rock, Arkansas, in strict accordance with the Contract Documents, in- cluding all Addenda thereto, numbered dated and dated , as prepared by the Engineer. -, s'forsed at the lump sum prices and unit prices stipulated in the ProposalT for the several respective items of work completed, subject to dditions and deductions as provided in paragraph GC -07, `Changes in the Work', of GENERAL CONDITIONS. ARTICLE 3. Contract Time, The Contractor agrees to begin work within ten (10) calendar days after issuance by the Owner of a "Work Order" or "Notice to Proceed" and to complete the work within 270 calendar days thereafter. If the Contractor shall fail to complete the work within the time specified, he and his Surety shall be liable for payment to the Owner, as liquidated damages ascertained and agreed, and not in the nature of a penalty, the amount speci- fied in GENERAL CONDITIONS of these contract do4.amenfor each i of delay. To the extent sufficient in amount, liquidated damages shall`be Mucted from the final payment to be made under this contract. -4. LOLW=ct. The execotO' contract documents. shall consist,of 5 ;6 b. C, d. %I ��emeht e. Proposal Notice to Contractors Instructions to Bidders C -1 f. General Conditions g. Special Conditions h. Technical Specifications I. Drawings (as listed in the List of Plans) This Agreement, together with other documents enumerated in this 4RTICLB 4 which said other documents are as fully a part of the Contract as if hereto attached or herein repeated, forms the Contract bathe C the In the event that anq provision in as c Parties hereto. wvith any provision of Y component part of this Contract conflicts #�.y. `° the conflict shall be resolved " IN VMMSS WWRROF, the parties hereto have caused this AGR MQW to be executed in five (5) original copies on the day and year first above written. ATTBST: g Contractor By �, Title (Street f"', City (Print or type the names underneath all signatures) C -2 I m °e', WW SECTION 3. This ordinance shall be in full force and effect from and after its passage and approval. PISSED: July 18, 1966 ATTEST: �Jw ) I -.Tee r4f �""'ity Clerk Mayor