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HomeMy WebLinkAbout92-7-4797567 ORDINANCE NO. 92-7-4797 AN ORDINANCE ACCEPTING THE BID OF JIM SMITH CONTRACTING COMPANY, INC., FOR SALE TO THE CITY OF ITS REQUIREMENT OF BITUMINOUS CONCRETE (CLASS I, TYPE A) FOR THE YEAR 1992-93, TO BE USED IN STREET RESURFACING, AND AUTHORIZING THE MAYOR TO EXECUTE A CONTRACT FOR SAME BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY: SECTION 1. The City of Paducah accepts the bid of Jim Smith Contracting Company, Inc., for sale to the City of its requirement of bituminous concrete (Class I, Type A) for the year 1992-93, to be picked up at the plant by the City and to be used in street resurfacing, in compliance with, and as contained in the bid of Jim Smith Contracting Company, Inc., dated June 30, 1992 for the following prices: APPROX UNIT BID DESCRIPTION QUANTITY UNIT PRICE AMOUNT Bituminous Concrete 11300 Tons $22.00 $28,600.00 TOTAL BID: $28,600.00 SECTION 2. The Mayor is hereby authorized to execute a contract with Jim Smith Contracting Company, 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. SECTION 3. Jim Smith Contracting Company 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. The purchase price for said material shall be charged to Municipal Aid Program Account No. 03-22-14-384. SECTION 5. This ordinance shall be read on two separate days and will become effective upon summary publication pursuant to KRS Chapter 424GE B. MVGERY Mayor Introduced by the Board of Commissioners July 14, 1992 Adopted by the Board of Commissioners July 28, 1992 Recorded by Lenita Smith, City Clerk, July 28, 1992 Published by The Paducah Sun August 4, 1992. \dw5\ord\contract P1 1 - ^�m—rte.._..,_. _.., ..,,.. .ter_.. �-_ __,--r--,----,-