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HomeMy WebLinkAbout91-8-4653281 ORDINANCE NO. 91-8-4653 AN ORDINANCE ACCEPTING THE BID OF REED CRUSHED STONE CO., INC., FOR SALE TO THE CITY OF ITS REQUIREMENT OF LIMESTONE TO BE USED IN STREET CONSTRUCTION WORK FOR THE YEAR 1991-92, 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 Reed Crushed Stone Co., Inc., for sale to the City of its requirement of limestone to be used in street construction work for the year 1991-92, said bid being in words and figures as follows: "We propose to furnish, sell and deliver to the City of Paducah (within the city limits) crushed limestone and riprap in lots of 100 tons or more, as ordered for the following prices per ton: #11 @ $6.30 per ton #68 @ $6.80 #78 @ $6.90 #8 @ $6.90 #9M @ $6.90 ►� �� #125 Rip Rap @ $6.90 " "We will start delivery within twenty-four hours after receiving each order. This is a firm price and will not be advanced during the fiscal year 1991-92. In the event of a reduction in our market price, we agree to adjust the price ac- cordingly. "Material delivered will be according to Kentucky State Highway specifications for all crushed limestone. Riprap will also meet Kentucky State Highway specifications. "If the contract is awarded to us, we agree to post a performance bond in the amount of $1,000. We also agree to conform with all other requirements as set forth in the request for bids on this material". Said bid being in compliance with, and as contained in the bid of Reed Crushed Stone Co., Inc., dated July 10, 1991. SECTION 2. The Mayor is hereby authorized to exe- cute a contract with Reed Crushed Stone Co., Inc. for the purchase of limestone as set out in Section 1 above. SECTION 3. The purchase price for said limestone shall be charged to MAP Account No. 03-22-14-384. SECTION 4. This ordinance shall be read on two separate days and will became effective upon publication of title and a certified summary thereof. GERRY B. MONTGOMERY Mayor Introduced by the Board of Commissioners July 23, 1991 Adopted by the Board of Commissioners August 13, 1991 Recorded by Lenita Smith, City Clerk, August 13, 1991 Published by The Paducah Sun August 20, 1991 ord/limeston 2