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1975-5333r355 RESOLUTION N0. 5333 RESOLUTION ACCEPTING BID AND AWARDING CONTRACT TO MINNESOTA VALLEY SURFACING COMPANY, 12008 12TH AVENUE SOUTH, BURNSVILLE, MINNESOTA, FOR PERMANENT STREET SURFACING, AREAS NOS. 8, 12A AND 12B CITY PROJECT N0. 667 Clerk's File No. 9604 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 Valley Surfacing Company is the lowest bid by a responsible bidder for the construction of City Project No. 667, Areas Nos. 8, 12A and 12B, permanent street surfacing. 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 March 20, 1975, with an estimated construction cost of $1,513,I+81.25 is hereby accepted. 3. That-the proposed contract between Minnesota Valley Surfacing Company and the City of Richfield be given Clerk's File Pdo. 960+ 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 affix the city seal thereto. 4. That payments to be made under the terms of said contract shall be charged against the Construction Fund. 5. That the Corporate Surety Bond in the sum of the estimated contract price whim 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 execution of said proposed contract. Adopted by the City Council this 2~th. day of March,.1975• . ~. '. ~~ ~~ y. l Koren L. Law ~ ~ :Mayor ATTEST: `; ' , ii' II 1 l % I1 3 tj i ,~ Vii.. f:~,v"' ` Thomas J. Moran City Clerk