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RESOLUTION NO. 4, 007
'A RESOLUTION AWARDING A CONTRACT FOR PHASE
II , STAGE I OF CITY OF LITTLE ROCK CITY-
WIDE DRAINAGE IMPROVEMENTS; AUTHORIZING
PAYMENT; AND FOR OTHER PURPOSES .
WHEREAS, invitation to bid was duly advertised and
bids received pursuant thereto for the construction and install-
ation of Phase II, Stage I of the City of Little Rock Drainage
Improvements Project in accordance with plans and specifications
on file in the office of the Purchasing Agent all in accordance
with law; and
WHEREAS, the lowest responsible and responsive bid
received for said drainage work is that of Thomco, Inc. and it
is the desire of the Board of Directors to award a contract to
said bidder for said project.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS
OF THE CITY OF LITTLE ROCK, ARKANSAS.
SECTION 1 . A contract for the construction and installa-
tion of Phase II, Stage I of the City of Little Rock Drainage Im-
provements Project in accordance with plans, specifications and
bid proposal on file in the office of the Purchasing Agent of the
City of Little Rock is hereby awarded to Thomco, Inc. on a unit
price basis but not to exceed the sum of One Hundred Ninety Six
Thousand Four Hundred Fifty Six and 69/100 Dollars ($196,456 . 69)
and the Mayor and City Clerk are hereby authorized and directed
to execute said contract for and on behalf of the City which 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 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 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 Party of the First Part agrees, for the consideration
above expressed, 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
_ (S ) 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
136-1 By — –
SECTION 2. Upon the completion of the resurfacing
and surfacing work authorized by the contract set forth in
Section 1 hereof satisfying in all particulars the plans,
specifications and bid proposal also identified, the City
Manager and Director of Finance are hereby authorized and
directed to issue the necessary warrant or warrants in pay-
. ment of said purchase price in accordance with the terms
and conditions of said contract.
SECTION 3. This Resolution shall be in full force and
effect from and after its adoption.
ADOPTED: June 17, 1968
ATTEST: y • ,,G� J APPROVED: ��/ '
ty Clerk Mayor
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