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1962-2820r~~ RESOLUTION N©. 2820 r{ RESOLUTION ACCEPTING BID AND AWARDING CONTRACT TO M. E. KRAFT EXCAVATING AND GRADING C~.s INC.s FOR SIRED' GRADPNG„ VILLAGE PROJECT NO. 4450 CLERK S FILE N0.~50 BE IT RESOt;VEf9 eY THE VILLAGE COUNCIL OF THE VILLAGE OF RICHFIELD' MINNESOTAe AS FOLLOWS ~ lei la THAT IT 18 HEREBY DETERMINED THAT THE BID OF M, Es KRAFT EXCAVATING AND GRADING Coo INCo' 16 THE LOWEST BID BY A RESPONSIDLE BIDDER FOR THE CONSTRUCTION OF VILLAGE PROJECT N®® 445DP STREET QRADINGo 2. THAT THE BID OF M, E• KRAFT EXCAVATING AND GRADING CC, INC. FOR THE CONSTRUCTION OF VILLAGE PROJECT NOw 4450s ON A UNIT PRICE BA31S AT THE PRICE CONTAINED IN THEIR PROPOSAL OF AUGUST 27TH9 1962, WITH AN ESTIMATED CONSTRUCTION C08T OF ~ t0~I96.959 IS HEREBY ACCEPTEDm 3~ THAT THE PROPOSED CONTRACT BETWEEN 6AID M. E. KRAFT EXCAVATING AND GRADING CO® INCo AND THE VILLAGE OF RICHFIELD' BE GIVEN CLERK~3 FILE NOm 6950 AND BE PLACED ON FILEo THAT THE SAtD PROPOSED CONTRACT FOR THE CONSTRUCTION OF SA PD VILLAGE PROJECT NO. 445D9 IS HEREBY APPROVED AND ADOPTEO~ AND THE MAYOR AND MANAGER ARE HEREBY AUTHORIZED AND DIRECTED 70 EXECUTE SAID CDNrRACT FOR ANp ON BEHALF OF THE VILLAGE OF RICHFIELD AND THE VILIA GE CLERK IS AUTHORIZED AND DIRECTED TO EXECUTE SAID CONTRACT FOR AND ON BEHALF OF THE VILLAGE OF RICHFIELD AND THE VILLAGE CLERIC 13 AUTHORIZED AND DIRECTED TO AFFIX THE VILLAGE 6EAL THERETO. 4, THAT PAYMENTS TO BE MADE UNDER THE TERMS OF SAID CONTRACT SWALL BE CHARGED AGAINST THE CON STRUCT P ON FUND o 5, THAT THE CORPORATE SURETY BOND IN THE 8UM OF THE ESTIMATED CONTRACT PRICE WHICH ACCOfuIPr ANTES SAID PROPOSED CONTRACT 18 HEREBY ACCEPTED AND APPROVED, 6. THAT TWE CLERK IS AUTHORIZED AND DIRECTED TO RETURN THE SECURITY DOCUMENTS TO THE UN-~ SUCCESSFUL BIDDERS UPON THE EXECUTION OF SAID PROPOSED GONTRACTo ADOPTED BY THE V ILIA GE COUNCIL, TH 1 S 27TH DAY OF AUGUSTy 196Zs ATTEST V PELAGE RfC ~ ~4 °a MIiYOR ~~ ~, AQER