HomeMy WebLinkAboutOrdinances Book 14, Page 251, No Ordinance Number251,
AN ORDINANCE ACCEPTING THE BID OF EMULSIFIED ASPHALT COMPANY
FOR THE SALE TO THE CITY OF TYPE RS, PIE, SS AND AE -200 EMULSIFIED
ASPHALT REQUIRED BY THE CITY OF PADUCAH DURING THE YEAR 1960, AND
AUTHORIZING THE CITY MANAGER TO ENTER INTO AND EXECUTE A C014TRACT
FOR THE PURCHASE OF SAID MATERIALS, AND PRESCRIBING THE TERMS AND
CONDITIONS UPON WHICH SAID PURCHASE SHALL BE MADE
BE IT ORDAINED BY THE;BOARD OF C0jR,1ISSIONERS OF THE CITY OF
PADUCAH, KENTUCKY:
SECTION 1. That the bid of Emulsified Asphalt Company for sale
to the City of Paducah of types RS, MS, SS and AE -200 emulsified
asphalt required by the city during the year 1960 be accepted, and the
City Manager is hereby authorized to enter into and execute a contract
for the purchase, upon the order of the City, all of such asphalt
to be used during the year 1960, said contract to contain the
following terms, conditions and covenants: Orders are to be placed
by collect telephone call of the Seller and delivery to be made by
transport truck within twenty-four hours after order. All asphalt
must meet Kentucky State Highway specifications. The Seller shall
furnish and install a 10,000 or 12,000 gallon storage tank at 6th
& Campbell Streets, Paducah, Kentucky where delivery is to be made
at $0.1300 cents per gallon. Said contract shall also contain all
terms, conditions and covenants contained in the resolution authorizing
the advertisement for bids, which was adopted by the Board of
Commissioners on march 8, 1960. A guarantee shall be provided against
advance in the market price and a guarantee shall be provided for
reduction in price in the event of a decrease in the market price,
and the Seller shall post a performance bond in the amount of 82,500.00
guaranteeing specifications and delivery. The terms of payment
shall be 2% discount within ten (10) days and net price as above
in thirty (30) days.
SECTION 2. This ordinance shall be introduced and remain on
file for public inspection for at least one (1) 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 ten (10) days thereafter.
--14ayor
Introduced by the Board of Commissioners April 20, 1960
Passed by the Board of Commissioners May 3, 1960
Recorded by Sarah Thurman, City Clerk, May 3, 1960.