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HomeMy WebLinkAboutOrdinance 487 : Y ORDINANCE N0. ..�: �: ?. . AN ORDINANCE TO BE ENTITLED , " AN ORDINANCE CONTRACTING WITH MORENO- BURKHAM CONSTRUCTION COMPANY , A CORPORATION ,TO REPAIR AND MAKE IMPROVF29NTS ON CERTAIN STREETS WITHIN THE CITY OF FAYETTEVILLE ,ARgANSAS ,AND TO FUR- NISH THE NECESSARY MATERIAL , WORK AND LABOR FOR THE SAME ,AND TO PROVIDE FOR THE PAYMENT OF SAID MATERIAL , WORK AND LABOR . " BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE , ARKANSAS : SECTION ONE : - That repairs and improvements be made upon the following named streets in the City of Fayetteville ,Arkansas ,at the places heredn named , to-wit : The intersection of Highland Avenue and Maple Street ; Highland Avenue and Davidson Street ; Forest Avenue and Maple Street ; Forest Avenue and Moat Nord . Street ; Forest Avenue and Davidson Street ; Mock Avenue and Mont Nord Street ; Mock Avenue and Maple Street . SECTION TWO : - That sAid improvement shall consist of paving of the intersection of said'streets .- and the construction of 'neoessary cfllverts and drains to take care of the drainage zf which must pass under the paving from the adjacent territory next to said intersection of said streets . SECTION THREE : - The City of Fayetteville ,Arkansas , by the City Council of said City hereby contracts with the Moreno-Burkham Construction Company , a corporation , to do and perform the work and. labor , and frwnish 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 to the plans and specifications on file in the office of the Citty Engineer of the City of Fayetteville ,Arkansas . The City of Fayetteville agrees to pay to said Company for the same , as follows : / For all work , labor and material furnished , the City of. Fayetteville., Arkansas , agrees to pay as follows : R 1359 square yards of asphaltic pavement a $2 . 50 per yard , 3450 . 00 350 square yards concrete pavement $3 . 00 per square yard , 1050 . 00 ® Total amontmt to be paid by the City of Fayetteville in this contract o �� is the sum of Forty-five Hundred ( $4500 . 00 ) Dollars ,which amount the ,r W Council finds to be a fair and dust compensation for said material ftr- nished and work and labor to be performed in such improvement . SEIITION FOUR : - Upon the completion of repairs and improvements upon 2 . said streets. at the places hereinbefore described,by xtdsaid Moreno-Burkham Construction Company ,a corporation , and the zmqmxtmnz acceptance of said materials used and work and labor donefin said repairs and improvements by the City Council of the City of Fayetteville ,Arkaneas -- said City of Fay- etteville agrees to pay said Moreno-Burkham Construction Company , a corpora- tion ,Forty-five Hundred ( $4500 . 00 ) Dollars to be paid out of the General Revenue Fund of said City by warrants drawn in favor of said Moreno-Burkham Construction Company ,a oorporation , or bear*r ,payable in the following amounts and on the followingrdates , to -wit ; First year , Jnly 1 , 1923 , 450 . 00 Second yaar , July 1 , 1924 , 450 . 00 Third year , July 1 , 19254 50 . 00 Fourth year , July 1 , 1926 , 50 . 00 Fifth year , July 1 , 1927 , . 50 . 00 Si$th year , July 1 , 1928 , 50 . 00 ; ., ' Seventh year , July 1 , 1929 , 450 . 00 Eight year , July 1 , 1930 ,- 50 . 00 - Ninth year., July 1 , 1931 , 50 . 00 ; . Tenth year , July 1 , 1932 , 50 . 00 If theCityof 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 , representing .the amount " of the sum in which the City has defaulted in -the payment of to pay $ said ' owner of said warrant the sum of eight per cent interest permannum on said warrant from the date of such default ,until the said sum is fully paid ,as an agreed and stipulated amount on the part of the City of Fayetteville for its failure to perform its contract with said Moreno-Burnham Construction , Company , a corporation , or the owner of said warrant . SECTION FIVE :- This. - contract shall be binding upon the City of Fay- etteville ,Arkansas , from and after the passage ,approval and publication of this Ordinanoe.;and the so o 6tanoe. of the same by the said Moreno-Burkham Construction Company , a -corporation-, in writing filed in the office of the City Clerk of Fayetteville ,Arkansas ,and �compliauoe with its terms by said ; .- •. i Moremolburkham Construction Company ,a� oorporation , on its part -. - ,- The art . - ,The City of Fayetteville ,Arkansas ,hereby pledges itself and all of its officers to the faithful performance of this contracts herein set forth in this Ordinance ,upon thelfull performance of the contract herein set forth on the part of said Moreno-Burkham . Construction Company ,a corporation . SECTION SIX ; - This Ordinanoe shall take effect and- -be in force from and - after its passage , approval and publication . Passed and approved this 27th day of Auguet , 1923 . Attest _ Approved 7{�D�{E�,�,�:. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Ips+ • . \ moo ��....�i .�-.� Clerk . � � � . • , . ; • •. � � � � � � � , � � � � - � -� o �, �- , �. . � - � � � � . a . �