2826 RESOLUTION NO. 2,826
A RESOLUTION ACCEPTING THE LOW BID OF THE METAL PRODUCTS
DIVISION, ARMCO STEEL CORPORATION FOR THE CONSTRUCTION
OF A METAL RETAINING WALL IN THE VICINITY OF 28TH STREET
AND UNIVERSITY AVENUE IN THE CITY OF LITTLE ROCK; AUTHOR-
IZING AND DIRECTING THE MAYOR AND CITY CLERK TO EXECUTE A
CONTRACT WITH SAID CORPORATION; AND FOR OTHER PURPOSES .
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE
ROCK, ARKANSAS:
SECTION 1. The low bid of the Metal Products Division,
Armco Steel Corporation in the amount of Twenty Two Thousand
Six Hundred Ninety Five and 03/100 Dollars ($22,695 .03) for the
construction of a Metal Retaining Wall in the vicinity of 28th
Street and University Avenue in the City of Little Rock is hereby
accepted.
SECTION 2. The Mayor and City Clerk are hereby authorized
and directed to enter into and execute a Contract for the said
construction with the Metal Products Division, Armco Steel Corpora-
tion, which Contract shall be in form and words as follows:
C O N T R A C T •
THIS CONTRACT AND AGREEMENT, Made and entered into this day of
April , 1962 , by and between Metal Products Division,
Armco Steel Corporation
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 hereinafter
set forth, the Party of the First Part hereby agrees to furnish all tools,
labor, equipment, and materials, and to build and construct
Metal retaining wall, back slope and sod embankment, and other
appurtenances
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 #3-A , 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 satisfaction 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 pay-
ment to be in lawful money of The United States, and the payment 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 working days
( 1+5 ) 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 ($ 10.00 ) for each day delayed,
which shall be deducted from the final amount of estimate made by the
Contractor.
WITNESS OUR HANDS, this the day of April , 19 62
Metal Products Division, Armco Steel Corpor-
Party of the First Part ation
By
The City of Little Rock, Arkansas
Party of the Second Part
By ,Mayor
By ,City Clerk
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SECTION 3 . The City Manager and Director of Finance
are hereby authorized and directed to issue the necessary
warrants in payment of the amount authorized in Section 1
hereof at the prices stipulated in the Proposal and in the
time and manner set forth in the Specifications .
SECTION 4. This resolution shall be in full force
and effect from and after its adoption .
ADOPTED: April 2, 1962
ATTE ' /`"
�,
�,, J APPROVED
City Clerk Mayor.
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