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2880 RESOLUTION NO . 2,880 A RESOLUTION AWARDING A CONTRACT FOR RESURFACING CERTAIN STREETS IN THE CITY OF LITTLE ROCK TO BEN M. HOGAN COMPANY; AUTHORIZING THE MAYOR AND CITY CLERK TO ENTER INTO AND EXECUTE A CONTRACT WITH SAID BEN M. HOGAN COMPANY FOR THE SAID RESURFACING PROJECT; AND FOR OTHER PURPOSES . WHEREAS, invitation for bids for the resurfacing of cer- tain streets in the City of Little Rock has been legally pub- lished; 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 responsible and responsive bid submitted therefor; and WHEREAS, the City of Little :lock desires to award the contract for the said resurfacing 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 for the resurfacing of certain streets in the City of Little Rock, in accordance with the unit prices set forth in the Plans, Specifi- cations, General and Special Conditions and Bid Proposal, is hereby accepted. SECTION 2. The Mayor and City Clerk are hereby authorized and directed to enter into and execute a Contract on behalf of the City of Little Rock with Ben M. Hogan Company for resur- facing approximately A miles of streets in the City of Little Rock, 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 , 1962, by and between Ben M. Hogan Company, First Party and the City of Little Rock, Arkansas, Second Party, WITNESSETH: That for and in consideration of the payment to be made as hereinafter set forth, the First Party hereby agrees to furnish all tools, labor, equipment , and materials, and to build, construct and resurface approximately 72 miles of streets in the City of Little Rock, Arkansas, in exact accord with the Plans on file in the office of the City Clerk and Director of Public Works, Little Rock, _`:rkansas, designated as 1962 Street Resurfacing Program, and with the copy of said Plans , Specifications and Proposal being attached hereto and made a part hereof as fully as though set out in full herein, under the direct supervision and to the entire satisfaction of the Director of Public Works of the City of Little Rock, Arkansas, 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 First Party agrees to accept and the Second Party 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 payment shall be made at the time and in the manner set forth in the Specifications . The First Party agrees, for the consideration above ex- pressed, to begin work within ten (10) days after being ordered to begin work by the Engineer, and to complete the work within sixty (60) days . If the First Party shall fail to complete CONTRACT - Page Two the work in the time herein specified, he shall pay to the Second Party, as liquidated damages, ascertained and agreed, and not in the nature of a penalty, the sum of Thirty-Five and No/100 Dollars ($35 .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 , 1962. BEN M. HOGAN COMPANY, First Party By LOOM CITY OF LITTLE ROCK, ARKANSAS, Second Party BY Mayor ATTEST City Clerk • SECTION 3. This resolution shall be in full force and effect from and after its adoption. ADOPTED: Auguet 6, 1962 ATTES ,,Q APPROVED: /74i City Clerk