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2391 RESOLUTION NO . 2391 A RESOLUTION ACCEPTING THE LOW BID OF BEN M. HOGAN COMPANY IN THE AMOUNT OF FOURTEEN THOUSAND SEVENTY FIVE AND NO/100 DOLLARS ($14,075 .00) FOR THE STRAIGHTENING AND PAVING OF A PORTION OF EAST 15TH STREET HEREINAFTER DESCRIBED; AUTHORIZING AND DIRECTING THE MAYOR AND CITY CLERK TO ENTER INTO AND EXECUTE AN AGREEMENT ON BEHALF OF THE CITY OF LITTLE ROCK, ARKANSAS , WITH THE SAID BEN M. HOGAN COMPANY FOR THE SAID STRAIGHTENING AND PAVING; AND FOR OTHER PURPOSES. WHEREAS, invitation for bids for the straightening and paving of a portion of East 15th Street has been legally published; and WHEREAS, bids have been received and opened pursuant to said advertisement; and WHEREAS , the bid of Ben M. Hogan Company of Little Rock, Arkansas, is the lowest bid submitted therefor; and WHEREAS , the City of Little Rock desires to award the contract for the said project to said Ben M. Hogan Company; NOW THEREFORE BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS: SECTION 1. The low bid of Ben M. Hogan Company in the amount of Fourteen Thousand Seventy Five and No/100 Dollars ($14,075 .00) for the straightening and paving of a portion of East 15th Street dia- gonally dissecting Block 9 , Dodge 's Addition to the City of Little Rock, Arkansas, is hereby accepted. SECTION 2. The Mayor and City Clerk are hereby authorized and directed to enter into and execute an Agreement on behalf of the City of Little Rock, Arkansas, with Ben M. Hogan Company for the said straightening and paving of a portion of East 15th Street ; which Agreement shall be in form and words as follows : A G R E E M E N T THIS AGREEMENT made and entered into this day of , 1959 , by and between the City of Little Rock, Arkansas , acting by and through the Mayor and City Clerk, pursuant to the provisions of Resolution No . , hereinafter called "First Party'-' and BEN M. HOGAN COMPANY, hereinafter called "Second Party" , WITNESSETH : That for and in consideration of the promises and covenants hereinafter contained the parties hereto mutually agree as follows : 1 . Second Party agrees to furnish all tools, labor , equipment and materials for the straightening and paving of a portion of East 15th Street diagonally dissecting Block 9 , Dodge ' s Addition to the City of Little Rock, Arkansas , in exact accordance with the plans and specifications on file in the Office of the Director of Public Works of the City of Little Rock, Arkansas . A copy of the plans , specifications and bid proposal for the said project is attached hereto and made a part hereof as though copied in full herein . The said project shall be under the direct supervision of the Director of Public Works of the City of Little Rock, Arkansas , and shall be completed to his satisfaction in accordance with said plans and specifications . Said project shall be subject to inspection at all times . 2. First Party agrees to pay, and Second Party agrees to accept , as payment for the said project the total sum of Fourteen Thousand Seventy Five and No/100 Dollars ($14,075 .00) . 3. Second Party shall begin work within five (5) days from the receipt of a work order from the Director of Public Works of the City of Little Rock and shall complete the work within sixty (60) calendar days from the date of commencement . In the event that the Second Party fails to complete the said work in the specified time, the Second Party shall pay First Party as liquidated damages ascertained and agreed, and not in the nature of a penalty, the sum of Thirty and No/100 Dollars ($30.00) per day for each day that the completion of the said project exceeds the above specified _2_ time. WITNESS our hands this day of 1959 . CITY OF LITTLE ROCK, A AS First Party By < < Mayor ATTEST City Clerk BEN M. HOGAN COMPANY, Second Party By SECTION 3. This resolution shall be in full force and effect from and after its adoption. ADOPTED: August 3, 1959 ATTEST�� APPROVED: r City Clerk