HomeMy WebLinkAboutOrdinances Book 16, Page 184, No Ordinance Number184
V,
AN ORDINANCE ACCEPTING THE BID OF EMULSIFIED ASPHALT COMPANY
FOR THE SALE TO THE CITY OF RS -2 EMULSIFIED ASPHALT REQUIRED BY THE
CITY OF PADUCAH DURING THE YEAR 1967; AUTHORIZING THE CITY MANAGER
TO ENTER INTO AND EXECUTE A CONTRACT FOR THE PURCHASE OF SAID MATERIAL;
AND PRESCRIBING THE TERMS AND CONDITIONS UPON WHICH SAID PURCHASE SHALL
BE MADE
BE IT ORDAINED BY THE BOARD OF COMMISSIONERS OF THE CITY OF
PADUCAH, KENTUCKY:
SECTION 1. That the bid of Emulsified Asphalt Company for the
sale to the City of Paducah of all RS -2 emulsified asphalt required
by the City of Paducah during the year 1967, be accepted, and that
the City Manager be, and he is hereby, authorized to enter into and
execute a contract for the purchase upon the order of said City all
of such asphalt to be used during 1967 at the following price:
Price per gallon delivered by transport truck $0.1225.
Discount 1% 10 days.
Bid price to be f.o.b. any delivery point in the City as
may be designated by the City of Paducah.
Said contract shall also contain all the terms, conditions
and specifications contained in a Resolution authorizing the ad-
vertisement for bids which was adopted by the Board of Commissioners
of said City on May 2, 1967, and as contained in the bid submitted by
Emulsified Asphalt Company dated May 22, 1967. 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 said Company shall post a performance bond in the
sum of $2,500.00 guaranteeing specifications and delivery.
SECTION 2. This ordinance shall be introduced and remain on file
for at least one (1) week for public inspection in the completed form in
which it shall be put upo n its final passage, and if adopted shall be in
full force and effect ten (10) days thereafter.
Mayor
Introduced by the Board of Commissioners June 6, 1967
Passed by the Board of Commissioners June 13, 1967
Recorded by Sarah Thurman, City Clerk, June 13, 1967