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3824 RESOLUTION NO. 3,824 A RESOLUTION ACCEPTING THE BID OF H. W. TUCKER COMPANY IN THE AMOUNT OF $3,048.00 FOR FURNISH- ING THE LABOR AND EQUIPMENT NECESSARY TO CONSTRUCT A DOUBLE TENNIS COURT AT RESERVOIR PARK IN THE CITY OF LITTLE ROCK; AUTHORIZING PAYMENT; AND FOR OTHER PURPOSES. WHEREAS, invitation to bid was published for the furnishing of the labor and equipment necessary to construct a double tennis court at Reservoir Park in the City of Little Rock and bids were received pursuant thereto according to law; and WHEREAS, the lowest responsible land responsive bid was that of H. W. Tucker Company in the amount of Three Thousand Forty-Eight and No/100ths Dollars ($3,048.00) ; and WHEREAS, it is the desire of the Board of Directors to accept the bid of said H. W. Tucker Company and authorize the execution of a contract for such construction. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS. SECTION 1. The bid of H. W. Tucker Company in the amount of Three Thousand Forty-Eight and No/100ths Dollars ($3,048.00) for the labor and equipment to construct a double tennis court at Reservoir Park in the City of Little Rock is hereby accepted and the Mayor and City Clerk are hereby authorized and directed to execute a contract for and on behalf of the City of Little Rock to the said H. W. Tucker Company for the performance of the work in full compliance with plans, specifications and bid proposal on file in the office of the Purchasing Agent which contract shall be in form and substance as follows: I 0 C O N T R A C T WITNESS this agreement made this day of 196 by and between the City of Little Rock , Arkansas, hereafter called owner and hereafter called CONTRACTOR, wherein the OWNER and CONTRACTOR, for the considerations hereafter set forth , agree as follows : i ARTICLE I . SCOPE OF WORK The CONTRACTOR shall furnish all of the materials and perform all of the work shown on the drawings and designated in the specifications entitled : prepared by : and shall do everything required by this Contract , the General Conditions, Special Conditions, drawings, specifications and other contract documents, if any . ARTICLE 2. TIME OF COMPLETION The prosecution of the work by CONTRACTOR shall be commenced within days from issuance of a work order and the work shall be completed within consecutive days thereafter . Liquidated damages shall be assessed against the CONTRACTOR and deducted from final payment at the rate of $ per day for each day following the aforesaid date of completion until the work shall have been completed. ( If no sum is shown - 2 - in this paragraph, there shall be no liquidated damages applicable to work) . The amount of liquidated damages is acknowledged by both parties as reasonable and is not in the nature of a penalty . ARTICLE 3. CONTRACT SUM OWNER shall pay to the CONTRACTOR for performance of the Contract, subject to proper additions and deductions according to the terms thereof, the following sum : Where the quantities originally contemplated are so changed that enforcement of the Contract sum upon either party shall tend to create an inequity or hardship, there shall be an equitable adjustment of the Contract sum to prevent any such hardship. OWNER reserves the right to make changes in the quantities required hereunder and any such changes shall cause equitable adjustments of the Contract sum . ARTICLE 4 . INTERIM AND PROGRESS PAYMENTS OWNER shall make progress payments to the CONTRACTOR, or his assigns, as follows; x - 3 - ARTICLE 5 . ACCEPTANCE AND FINAL PAYMENT Final payment shall be due CONTRACTOR days after completion of the work and acceptance thereof by the City Manager, Inspec- tion and final approval by the City Manager, or his authorized agents, shall be made immediately upon notice of completion by CONTRACTOR and final approval shall not be arbitrarily or unreasonably withheld. Before issuance of final payment the CONTRACTOR shall submit evidence satisfactory to the City Manager that all laborers, materialmen, subcontractors and other creditors have been paid or otherwise satisfied. In the event of substantial completion of the work, though full completion be temporarily impossible due to no fault of the CONTRACTOR, the OWNER shall make payment for the work actually performed, completed and accepted, and the contract shall not be terminated. ARTICLE 6 . CONTRACT DOCUMENTS The General Conditions of the Contract, Special Conditions, Plans, Specifications, bid proposal and this Contract shall constitute the Contract Documents and are a part of this Contract as if attached hereto and set forth in the body hereof. The following by name constitute the Contract Documents. IN WITNESS WHEREOF the parties hereto have executed this Contract on the day and year aforesaid. Y OF Li LE Ry K, ARKA : S( 1iWNER) ATTEST : Mayor City Clerk (CONTRACTOR) BY ATTEST : (President - Partner - Proprietor Secretary - 3 - SECTION 2. The City Manager and Director of Finance are hereby authorized and directed to pay the contract price herein provided for in keeping with the terms and provisions of said contract as and When said work is prosecuted in accor- dance with plans, specifications and bid proposal. Said contract funds has heretofore been appropriated to Parks Project No. 83. SECTION 3. This Resolution shall be in full force and effect from and after its adoption. ADOPTED: August 21, 1967 AZTES7) ee. APPROVED:: 4E1AL / / C ty Clerk Mayor