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HomeMy WebLinkAbout76-5-1273156 ; ORDINANCE NO. 76-5-1273 AN ORDINANCE ACCEPTING THE BID OF REED CRUSHED STONE COMPANY, INC . FOR SALE TO THE CITY OF IT'S REQUIREMENT OF LIMESTONE FOR THE YEAR ,., _ 1976, TO BE USED IN STREET CONSTRUCTION WORK, AND AUTHORIZING THE CITY MANAGER TO EXECUTE A CONTRACT FOR SUCH PURCHASE r BE IT ORDAINED BY THE BOARD OF COMMISSIONERS OF THE CITY OF PADUCAH, KENTUCKY: SECTION 1. That the City of Paducah accept the bid of Reed Crushed Stone Company, Inc. for sale to the City of it's 1976 requirement of limestone to be used in street construction work, said bid being in words and figures as follows: "We propose to furnish, sell and deliver to the City of Paducah (within the city limits) crushed limestone in lots of 100 tons or more, as ordered, for $3.10 per ton (three dollars and ten cents per ton) and riprap, as ordered, for $3.35 (three dollars and thirty- five cents) per ton. We will start delivery within twenty-four hours after receiving each order . This is a. firm price and will not be advanced during the year 1976. In the event of a reduction in our market price, we agree to adjust the price accordingly, Material delivered will be according to Kentucky State Highway specifications for No . 2 , No . 3 , No . 610 , No . 68 , No . 78 , No . 8 , No . 9M , No . 11, and DGA crushed limestone . Riprap will also meet Kentucky State Highway specifications. If the contract is awarded to us , we agree to post a performance bond in the amount of $1, 000. We also agree to conform with all other requirements as set forth in the request for bids on this material." Said bid being in .compliance with the resolution authorizing such bids which was adopted by the Board of Commissioners on April 27, 1976. SECTION 2. That the City Manager be`, and he is hereby, authorized to execute a contract with Reed Crushed Stone Company, Inc. for the purchase of the limestone as set out in Section 1 above, and according to the provisions in said resolution and in said bid which is dated May 6~, 1976. SECTION 3. The purchase price for said material shall be charged to either General Fund or Federal Revenue Sharing Account No . 3454. SECTION 4. An emergency is declared to exist and this ordinance shall therefore be introduced and remain on file for public inspection for one week in the completed form in which it shall be put upon its final passage., and if adopted shall be in full force and effect immediately thereafter . i ," ~, Mayor Introduced by the Board of Commissioners May 11, 1976 Passed by the Board of Commissioners May 25 , 1976 Recorded by Sarah Thurman, City Clerk, May 25, 1976.