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1969-4176r~® RESOLUTIOId N0. 4176 RESOLUTION ACCEPTIidG SID A:~iD A6dARDTNG CONTF.ACT TO ARCOid CONSTRUCTION CO. , .INC.. :iORA. i~IINLIESOTA, FOR GRADING, COidCRITE PAVING, COIdCItETE CURS AND GUTTER Ai1D APPURTENAivCE5 THERETO Oid 76TH STRE1sT FROM NICULLET AVEiyUE TU PORTLAdD AVENUE APdD FROM SIIERIllAid AVEidUE TO PENN AV~:NUE. CITY PROJECT N0. 586 Clerk's File No. 8037 iaE I''' Fck:SULVED by the City Council of the City of Richfield, I•Iinnesota, as £01 J!.r~ws 1. That it is hereby determined that the bid of Arcon Construction Co., Inc. :~s~~~v, ~`innesota, is the lowest bid by a responsible bidder for the construction of Lity I'roiect ldo. 563. 2. That the bid of Arcon Construction Co., Inc. for the construction of flab above referenced project on a unit price basis, at the price contained in their pro~aosal cf ciav Sth, 1969, with an estimated construction cost of $146o936.y3 is E~ea:eby accepted. 3. That the proposed contract between Arcon Construction Co. ,. Inc. clnci the Cit,r off' Richfield, be Kiven Clerk's File rio. __.8037 and be placed on rile. That uzaizo proposed contract for the construction of said City Project is hereby approved and. adopted and t11e :favor and Iianaget are hereby au~ uorized and directed to es;ecute sari c.c~ni:ract for or on behalf of the City of Richfieldt and the Clerk is authorized aid clireeted to affiac the City seal thereto. 4. ..a.liat nay~uents to be made under tlbe term, of said contract shall be chr3r~ed ~?s,r~.ieast thy: Construction Fund. .~. That the Corporate Surety Sond in the sum of the estimated contract price canich accomnanie5 said proposed contract is hereby accented and approved. ii. ghat thc: City Clerk is authorized and directed to return the security clocnments to tl~e unsuccessful bidders upon the execution of said proposed contract. Adopted by the City Council this 12t1~ clay of .iay, 1969. ~, ~?- s1AY0 A'a if~ :~T _ -~ -, C l I'li is d2l.Ieh~ ~~