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HomeMy WebLinkAbout99-7-6077ORDINANCE NO. 99-7-_607;7 AN ORDINANCE ACCEPTING THE BID OF JIM SMITH CONTRACTING CO., INC., FOR SALE TO THE CITY OF ITS REQUIREMENT OF BITUMINOUS COLD -MIX, AND AUTHORIZING THE MAYOR TO EXECUTE A CONTRACT FOR SAME BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY: SECTION 1. That the City accepts the bid of Jim Smith Contracting Co., Inc., for sale to the City of its requirement of bituminous cold -mix for the remainder of 1999 and calendar year 2000, with a one-year option to renew, said bid being in substantial compliance with the bid specifications, and as contained in the bid of Jim Smith Contracting Co., Inc., dated June 23, 1999, for the following prices: DESCRIPTION UNIT PRICE Bituminous Cold Mix Tons $32.50 delivered SECTION 2. The Mayor is hereby authorized and directed to execute a contract with Jim Smith Contracting Co., Inc., for sale to the City of the material authorized in Section 1 above, according to the specifications, bid proposal and all contract documents heretofore approved and incorporated in the bid of June 23, 1999. SECTION 3. Jim Smith Contracting, Co., Inc., will furnish to the City, within ten (10) days after execution of said contract, a performance bond in the amount of $1,000.00. SECTION. 4. This purchase shall be charged to various accounts as necessary. SECTION. 5. This ordinance shall be read on two separate days and will become effective upon summary publication pursuant to KRS Chapter 424. ATTEST: City Clerk Introduced by the Board of Commissioners June 29, 1999 Adopted by the Board of Commissioners July 13, 1999 Recorded by Lenita Smith, City Clerk, July 13, 1999 Published by The Paducah Sun ord/purchase/coldmix 274