HomeMy WebLinkAboutOrdinances Book 16, Page 600, Ordinance Number 68-5-65600 /'
ORDINANCE NO. 68-5-65
AN ORDINANCE ACCEPTING THE BID OF EMULSIFIED ASPHALT COMPANY
FOR THE SALE TO THE CITY OF RS -2 EMULSIFIED ASPHALT REQUIRED BY THE
CITY OF PADUCAH DURING THE YEAR 1968; AUTHORIZING THE CITY MANAGER
TO ENTER INTO AND EXECUTE A CONTRACT FOR THE PURCHASE OF SAID MATERIAL;
AND PRESCRIBING THE TERMS AND CONDITIONS UPON WHICH SUCH PURCHASE
SHALL BE MADE
BE IT ORDAINED BY THE BOARD OF COMMISSIONERS OF THE CITY OF
PADUCAH, KENTUCKY:
SECTION 1. That the bid of Emulsified Asphalt Company for the
sale to the City of all RS -2 emulsified 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 to be used during 1968 at the following price:
Price per gallon delivered by transport truck $0.1225.
Discount 1% 10 days.
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 advertisement 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 Emulsified Asphalt Co.
dated May 10, 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.
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
which it'shall be put upon its final passage, and if adopted shall be
in full force and effect ten (10) days thereafter.
4�u
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.