HomeMy WebLinkAboutOrdinances Book 14, Page 253, No Ordinance Number253
AN ORDINANCE ACCEPTING THE BID OF KENTUCKY ASPHALT SALES COMPANY
FOR THE SALE TO THE CITY OF RC -0 TO 5 AND MC -0 TO 5 LIQUID A,-PHALT
REQUIRED BY THE CITY OF PADUCAH DURING 1960; AUTHORIZING THE CITY
MANAGER TO ENTER INTO AND EXECUTE A CONTRACT FOR THE PURCHASE OF
SAID MATERIAL; AND PRESCRIBING THE TERMS AND CONDITIONS UNDER WHICH
SAID PURCHASES SHALL BE MADE
BE IT ORDAINED BY THE BOARD OF COMMISSIONERS OF THE CITY OF
PADUCAH, KENTUCKY:
SECTION 1. That the bid of Kentucky Asphalt Sales Company for
the sale to the City of Paducah of all PIC -0 to 5 and RC -0 to 5
liquid asphalt required by the City of Paducah during the year 1960
be accepted, and that the City Manager 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 1960 at the
following prices: Liquid asphalt delivered by transport with
insulated trailers at .PO.0872 per gallon F. 0. B. 6th and Campbell
Streeta and/or to any point designated by the City of Paducah and
by railroad insulated tank car at 40.1019 per gallon F. 0. B. 6th
and Campbell Streets, Paducah, Kentucky, whichever way of shipping
ordered by the City. Said contract shall also contain all of the
terms and conditions contained in a resolution authorizing the
advertisement for bids which was adopted by the Board of Commissioners
on March 8, 1960. A guarantee shall be provided against advance in
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 specifi-
cations and delivery. Terms of paymemt shall be 20 30 days, net 45 days.
SECTION 2. This ordinance shall be introduced and remain on
file for at least one (1) creek for public inspection in the completed
form in which 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 April 20, 1960
Passed by the Board of Commissioners May 3, 1960
Recorded by Sarah Thurman, City Clerk, May 3, 1960.