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HomeMy WebLinkAbout96-12-56100 ORDINANCE NO. 96-12-5610 AN ORDINANCE ACCEPTING THE BID OF JIM SMITH CONTRACTING COMPANY, INC., FOR SALE TO THE CITY OF ITS REQUIREMENT OF BITUMINOUS COLD MIX, FOR THE FISCAL YEARS 1996-97 & 1997-98, 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 Paducah of its requirement of bituminous cold mix for the fiscal years 1996-97 & 1997-98, to be used in street construction, in compliance with, and as contained in the bid of Jim Smith Contracting Company, Inc., dated October 29, 1996, with a one-year option to renew, for the following prices: DESCRIPTION Bituminous Cold Mix Bituminous Cold Mix APPROX QUANTITY Tons Tons UNIT BID PRICE $30.50 - delivered $28.00 - pick-up 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 of October 29, 1996. SECTION 3. Jim Smith Contracting Company 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. The purchase price shall be charged to various accounts. SECTION 5. This ordinance shall be read on two separate days and will become effective upon summary publication pursuant to KRS Chapter 424. ATTEST: enita Smith, City Clerk Introduced by the Board of Commissioners November 26, 1996 Adopted by the Board of Commissioners December 10, 1996 Recorded by Lenita Smith, City Clerk, December 10, 1996 Published by The Paducah Sun, December 14, 1996 \winword\ordinanc\dees\coldmix Ma or 25