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HomeMy WebLinkAboutOrdinance 475 Ll i jA MICROFl�a �9'I6 ORDINANCE NO , .7� DATE REEL 1 7 AN ORDINANCE"ENTITLID , "AN ORDINANCE CONTRACTING WITH MORENO _ BURKHAM CONSTRUCTION COMPANY , A CORPORATION , TO REPAIR AND MAKE IM_ PROVEMENTS ON CERTAIN STREETS WITHIN THE CITY OF FAYETTEVILLE , ARK _ ANSAS , AND TO FURNISH THE NECESSARY' MATERIAL , WORK AND LABOR FOR THE SAME - AND TOOPROVIDE FOR THE PAYMENT OF SAID MATERIAL , WORK AND LABOR . " BE IT ORDAINED BY THE CITY-COtMCIL OF THE CITY"OF FAYETTEVILLE , . . ARKANSAS : . SECTION ONE : That repairs and improvements be made upon the fol- . , -lowing named streets in the City of Fayetteville , Arkansas , at the places herein named , to - wit : The intersection of East Lafayette Street and Washington Avenue ; intersedtion of East Lafayette Street and North Willow Avenue ; intersection of East Lafayette Street and Walnut Avenue ;, intersection of East Lafayette ' Street and Olive Avenue ; intersection of . .' - East Lafayette Street and Fletcher Avenue ; intersection of Sutton Street and Washington Avenue ; intersection of Sutton Street and North Willow Avenue ; intersection of Sutton Street and Walnut Avenue ; intersection . of East Dickson street and Washington Avenue ; and the intersection of East Dickson Street and North Willow Avenue,., SECTION TWO .) : That said improvement shall consist of paving of the intersection of said streets and the construction of necessary culverts and drains to take care of the drainage which must pass un- der the paving from the paved streets from the adjacent territory mext tolsaid intersection of said streets { SECTION THREE: The City of Fayetteville , Arkansas , by the City Codneil of said City hdreby- contracts with the Moreno - Burkham Con- struction Company , a corporation , for the said Moreno- Burkham Construc - tion Company , a corporation , to doe'. and perform the work and labor , and furnish the necessary material for the repair and construction as herein set forth on said streets , and at said intersections of streets as herein mentioned , said improvements to be according tot: the plans and , specifications on file in the office of the City Engineer of the ' City of Fayetteville , Arkansas . The City of Fayetteville , agrees to pay , said Gompany for the same qs follows : For all work , labor and material furnished , the City of Fayette- { 2 • vide agrees to pay - as follows : 3000 square yards Asphaltic Concrete , ® $1 . 60 per square yd . $4800 . 00 1000 cubic yards Broken Stone , @ $4 . 00 per cubic yd . $4000 . 00 2000 cubic yards Excavation , 0 $l . 00 per cubic yd . $ 2000 • oo For Culverts and drains 40 cubic yards Concrete , ® $25 . 00 per ' cubic yard $1000 . 00 2000 cubic yards Excavation , $l . 00 per cubic yard $200 . 00 Total amount to be paid by •the City in this contract is the sum of Twelve Thousand ( $12 , 000 . 00 ) Dollars , which amount the Council finds to be a fair and dust compensation for said material furnished and ' work and labor to be performed in such improvement . U SECTION FOUR : upon the completion of repairs and improvements upon . said streets at the places hereinbefore described by said Moreno- Burkham Construction Company , a corporation, and the acceptance of said material used and work and labor done in said repairs and improvements by the City Council of the City of Fayetteville , Arkansas— said City of Fayetteville agrees to pay said Moreno- Burkham Construction Company , a corporation , Twelve Thousand ( $12 , 000: oo ) Dollars to be paid out of the General Revenue Fund of said City by warrants drawn in favor of said Moreno- Burkham Construction Company, a corporation , or bearer , payable in the following amount , and on the following dates , to- wit : let year August 15 , 1923 , $2400 • oo 2nd year August 15 , 1924 , 2400 . 00 3d year August 15 , 19250 2400 . 00 4th year • August 15 , 1926 ; 2400soo 5th year August 15 , 1927 , 2400 . 00 . If the City of Fayetteville makes default in the payment of any one of said sums when the same becomes due and payable , the City of Fayetteville agrees and stipulates with the owner of the warrant , repre- senting the amount of the sum in which the City has defaulted in the pay- ment of , to pay said owner of said warrant the sum of eight per cent in- terest per annum on said amount of said warrant from the date of such default , until the said sum is fully paid , ashan agreed and . stipulated on the part of the City of Fayetteville for its failure to perform that penalty and pas "damages ; part of its contract , with said Moreno- A 3 . Burkham Construction Company ; a corporation , or the owner of said warrant . SECTION FIVE : This contract shall be binding upon the City of Fayetteville , Arkansas , from and after- the passage , approval and publi - cation of this ordinance , and the acceptance of the same by the said Moreno-Burkham Construction Company, a corporation , in writing filed in the office of the City Clerk of Fayetteville , and compliance with its terms by said Moreno-Burkham Construction Company,r a corporation , on its part . The City of Fayetteville , Arkansas , hereby pledgee itself, and all Of its officers , to the faithful performance of this contract as herein set forth in this ordinance upon the full performance of the contract herein set forth on the part of said Moreno -Burkham Construction Company , a corporation . SECTION SIX : This Ordinance shall take effect from and after its J passage, approval and publication . Passed and approved this 23d day of April , 1923 , Attest : C - 's 0.,,,� ".. ,�� 1Approved : � p ( � V nrt�An� � Mayor . SQ 02cf