1972-4916rRESOLUTION No. 4916
RESOLUTION ACCEPTING BID-AND A[nTARDING CONTRACT TO MINNES.O,TA
VALLEY SURFACING COMPANY, HIGHGT,AY 101, SAVAGE, MINNESOTA,
FOR PERMANENT STREET SURFACING, AREA No. 2
CITY PROJECT No. 650
C1erkBs File No. 09452
: BE .IT RESOLVED by the City Council of the City of Richfield, Minnesota, as
follows:
1. That it is hereby determined that the bid of Minnesota Va11ey Surfacing
.Company, Highway 191, Savage, Minnesota, is the lowest bid by a responsible bidder
~or'the construction of City Project No. 650, permanent street surfacing, Area 2.
2. That the bid of Minnesota Valley Surfacing Company for the construction
of the above referenced project on a unit price basis, at the price contained in
their proposal of February 16, 1972, with an estimated construction cost of
$933,483.80 is hereby accepted,
3. That the proposed contract between Minnesota Valley Surfacing Company
and the City of Richfield be given Clerk9s File No. C-9452 and be placed on file.
That said proposed contract for the construction of said city project is hereby
approved and adopted and the Mayor and Manager are hereby authorized and directed
to execute said contract for or on behalf of the City of Richfield and the Clerk
is authorized and directed to affia~ the city seal thereto.
4. That payments to be made under the terms of said contract sha11 be charged
against the Construction Fund.
5. That the Corporate Surety Bond in the sum of the estimated contract price
which accompanies said proposed contract is hereby accepted and approved.
6. That the City Clerk is authorized and directed to return the security
documents to the unsuccessful bidders upon the execution of said proposed contract.
Adopted by the City Council this 26th day of February, 1973,
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~~~~ ~ Loren L„ Law c Mayor
ATTEST:
Thomas J. Mor' n Clerk