2732 RESOLUTION NO. 2,732
A RESOLUTION ACCEPTING THE LOW BID OF P. B. PRICE CONSTRUCTION
COMPANY FOR DRAINAGE PROJECT 7-B ; AUTHORIZING AND DIRECTING
THE MAYOR AND CITY CLERK TO EXECUTE A CONTRACT THEREFOR; AND
FOR OTHER PURPOSES.
WHEREAS, the City of Little Rock has advertised for bids for
Drainage Project 7-B consisting of the construction of storm sewers,
manholes, inlets and other appurtenances at 13th & Maple Streets in
the City of Little Rock; and
WHEREAS, P. B. Price Construction Company was the lowest res-
ponsible and responsive bidder therefor; and
WHEREAS, it is the desire of the Board of Directors of the City
of Little Rock to award a contract on said project to P. B. Price Con-
struction Company;
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE
CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. The low bid of P. B. Price Construction Company
in the sum of Fifteen Thousand Sixty Four and 25/100 Dollars ($15,064.25)
for Drainage Project 7-B consisting of the construction of storm sewers,
manholes, inlets and other appurtenances at 13th & Maple Streets in
the City of Little Rock is hereby accepted.
SECTION 2. The Mayor and City Clerk are hereby authorized
and directed to execute a contract with P. B. Price Construction Company
in form and substance as follows:
4 . • 4."
C O N T R A C T
THIS CONTRACT AND AGREEMENT, Made and entered into this 8th day
of August, 1961, by and between P . B. Price Construction Company,
Party of the First Part; and the City of Little Rock, Arkansas,
Party of the Second Part, WITNESSETH:
That for and in consideration of the payment to be made as herein-
after set forth, the Party of the First Part hereby agrees to furnish
all tools, labor, equipment, and materials, and to build and construct
storm sewers manholes inlets and other a. •urtenances in exact accord
with the Plans on file in the office of the City Clerk and Director of
Public Works, Little Rock, Arkansas, designated as Bond Project #7-B,
and with the copy of said Plans, Specifications and Proposal being
attached hereto and made a part hereof as fully as though copied in
full herein, under the direct supervision, and to the entire satis-
faction of the Director of Public Works of the City of Little Rock,
Ark. subject to inspection at all times in accordance with the laws
of the State of Arkansas.
It is agreed and understood between the parties hereto that the Party
of the First Part agrees to accept and the Party of the Second Part
agrees to pay for the work at the prices stipulated in said Proposal,
such payment to be in lawful money of The United States, and the pay-
ment shall be made at the time and in the manner set forth in the
Specifications.
The Party of the First Part agrees, for the consideration above express-
ed, to begin work within ten days after being ordered to begin work by
the Engineer, and to complete the work within Forty-five (45) days.
If the Party of the First Part shall fail to complete the work in the
time herein specified, he shall pay to the Party of the Second Part,
as liquidated damages, ascertained and agreed, and not in the nature
of a penalty, the sum of Thirty and no/100 dollars (530.00) for each
day delayed, which shall be deducted from the final amount of estimate
made by the Contractor.
WITNESS OUR HANDS, this the 8th day of August, 1961.
P . B. Price Construction Company
Party of the FirsE Part
By
The Cit of Little Rock, Arkansas
' arty of e Secon. ' art
By , Mayor
By , City Clark
13 -1
1 At-
- 2 -
SECTION 3. There is hereby authorized and approved the
expenditure of Fifteen Thousand Sixty Four and 25/100 Dollars ($15,064.25)
from Street Construction Fund, Project 7, payable to P. B. Price
Construction Company for the said project, which sum has previously been
appropriated by ordinance.
SECTION 4. The City Manager and Director of Finance are hereby
authorized and directed to execute the necessary warrant or warrants
in payment of moneys approved in Section 3 hereof at the time and in
the manner set forth in the Specifications on file in the office of the
Director of Public Works.
SECTION 5. This resolution shall be in full force and effect
from and after its adoption.
ADOPTED: August 7, 1961
ATTEST: `'� ,�c� APPROVED:
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City Clerk y or