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3619 RESOLUTION NO. 3,619 A RESOLUTION ACCEPTING THE BID OF BITUMINOUS, INC. IN THE SUM OF $16,844.70 FOR CONSTRUCTING A PORTION OF WOODROW STREET BETWEEN 7th AND 8th STREETS; AUTHORIZING EXECUTION OF A CONTRACT; AND FOR OTHER PURPOSES. WHEREAS, invitation to bid was published for the construction of a portion of Woodrow Street between 7th and 8th Streets in the City of Little Rock, and bids were received pursuant thereto, according to law; and WHEREAS, the lowest responsible and responsive bid was the bid of Bituminous, Inc. in the sum of $16,844.70; and WHEREAS, it is the desire of the Board of Directors of the City of Little Rock to accept the bid of Bituminous, Inc. and to authorize the execution of a contract for the construction; NOW THEREFORE BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS: SECTION 1. The bid of Bituminous, Inc. in the sum of $16,844.70 for the construction of a portion of Woodrow Street between 7th and 8th Streets in the City of Little Rock is hereby accepted. SECTION 2. The Mayor and City Clerk are hereby authorized and directed to execute for and in behalf of the City of Little Rock a contract with Bituminous, Inc. for the performance of the work in full compliance with the specifications for the work, which contract shall be in form and substance as follows: C O N T R A C T THIS CONTRACT AND AGREEMENT, Made and entered into this day of , 19 , by and between Party of the First Part; and 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 in exact accord with the Plans on file in the office of the , Little Rock, Arkansas, designated as , 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 , 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 ( ) 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 ($ ) 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 , 19 Party of the First Part By Party of the Second Part By 136-1 SECTION 3. This Resolution shall be in full force and effect from and after its adoption. ADOPTED: August 15, 1966 /i ATTEST:L"-a L ,aee .APPROVED: I;, City Clerk Mayor