HomeMy WebLinkAboutOrdinances Book 14, Page 454, No Ordinance Number454 ;
AN ORDINANCE ACCEPTING THE BID OF EMULSIFIED ASPHALT COMPANY
FOR THE SALE TO THE CITY OF TYPE RS, MS, SS AND AE -200 EMULSIFIED
ASPHALT REQUIRED BY THE CITY OF PADUCAH DURING THE YEAR 1961, AND
AUTHORIZING THE CITY MANAGER TO ENTER INTO AND EXECUTE A CONTRACT
FOR THE PURCHASE OF SAID MATERIALS, AND PRESCRIBING THE TERMS AND
CONDITIONS UPON WHICH SAID PURCHASES SHALL BE 14ADE
BE IT ORDAINED BY THE BOARD OF COMMISSIONERS 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 1961 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 subh asphalt
to be used during the year 1961, said contract to contain the
following terms, conditions and covenants: Orders are to -be placed
by collect telephone call too 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 S,reets, 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 February 28, 1961. 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 $2,500.00
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 adppted
shall be in full force and effect ten (10) days thereafter.
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Introduced by the Board of Commissioners March 28, 1961
Passed by the Board of Commissioners April 5, 1961
Recorded by Sarah Thurman, City Clerk, April 5, 1961.