HomeMy WebLinkAboutOrdinances Book 14, Page 704, No Ordinance NumberAN ORDINANCE ACCEPTING THE BID OF EMULSIFIED ASPHALT COMPANY
FOR THE SALE TO THE CITY OF TYPE RS, ME, SS AND AE -200 EMULSIFIED
ASPHALT REQUIRED BY THE CITY OF PADUCAH DURING THE YEAR 1962, AND
AUTHORIZING THE CITY MANAGER TO ENTER INTO AND EXECUTE A CONTRACT
FOR THE PURCHASE OF SAID MATERIALS, AND PRESCRIBING THE TERMS AND
CONDITIONS UPON WHICH SAID PURCHASES SHALL BE MADE
BE IT ORDAINED BY THE BOARD OF COIJ24ISSIONERS OF THE CITY OF
PADUCAH, KENTUCKY:
SECTION 1. That the bid of Emulsified Asphalt Company for sale
to the City of Paducah of types RS, MIS, SS and AE -200 emulsified
asphalt required by the city during the year 1962 be accepted, and the
City Manager is hereby authorized to enter into and execute a contract
for the purchase, upon the order of the City, all of such asphalt
to be used during the year 1962, said contract to contain the
following terms, conditions and covenants: Orders are to be placed
by collect telephone call to the Seller and delivery to be made by
transport truck within twenty-four hours after order. All asphalt
must meet Kentucky State Highway Specifications. The Seller shall
furnish and install a 10,000 or 12,000 gallon storage tank at 6th
and Campbell Streets, Paducah, Kentucky, where delivery is to be
made at $0.1300 per gallon. Said contract shall also contain all
terms, conditions and covenants contained in the resolution authorizing
the advertisement for bids, which was adopted by the Board of
Commissioners on March 6, 1962. 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 the Seller shall post a performance bond in the amount of $2,500.00
guaranteeing specifications and delivery. The terms of payment
shall be 2% discount within ten (10) days and net price as above
in thirty (30) days.
SECTION 2. This ordinance shall be introduced at a Regular Meeting of
the Board of Commissioners and remain on file for at least one (1) week 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 March 27, 1962
Passed by the Board of Commissioners April 10, 1962
Recorded by Sarah Thurman, City Clerk, April 10, 1962.