HomeMy WebLinkAboutOrdinances Book 16, Page 598, Ordinance Number 68-5-64598
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ORDINANCE NO. 68-5-64
AN ORDINANCE ACCEPTING THE BID OF DELTA REFINING COMPANY FOR THE
SALE TO THE CITY OF RC -250 AND MC -800 LIQUID ASPHALT REQUIRED BY THE
CITY OF PADUCAH DURING THE YEAR 1968; AUTHORIZING THE CITY MANAGER TO
ENTER INTO A CONTRACT FOR THE PURCHASE OF SUCH 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 Delta Refining Company for the
sale to the City of Paducah of all RC -250 and MC -800 liquid asphalt
required by the City of Paducah during the year 1968 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 as may be used during 1968 at the following prices:
RC -250 - $0.1210 per gallon
MC -800 - $0.1210 per gallon
Said prices are for product to be delivered into city storage
tank, and if the contractor is required to furnish a storage tank for
the City of Paducah, delivery prices will be as follows:
RC -250 - $0.1760 per gallon
MC -800 - $0.1760 per gallon
Terms on all quoted prices: Net 30 days, and said prices are for
minimum truck loads of 5,000' gallons each
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 April 23, 1968, and as contained in the bid submitted by
Delta Refining Company dated May 6, 1968. 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, said bond
to be posted at or before the time of the first delivery under this contract.
599
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 whiich it shall be put upon its final passage,
and if adopted shall be in full force and effect ten (10) days
thereafter.
Mayor
Introduced by the Board of Commissioners May 14, 1968
Passed by the Board of Commissioners May 22, 1968
Recorded by Sarah Thurman, City Clerk, May 22, 1968.