HomeMy WebLinkAboutOrdinance 524 ORDINANCE: NO Af
AN ORDINANCE TO BE ENTITLED , "AN ORDINANCE CONTRACTICNG WITH MORENO-
BURKHAM CONSTRUCTION COMPANY , A CORPORATION , TO REPAIR AND MAKE 1NTPROVE-
MENTS ON CERTAIN STREETS WITHIN THE CITY OF FAYETTEVILLE , ARKANSAS , AND
TO FURNISH 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 W UNCIL OF THE CITY OF FAYETTE:VILLE ,
ARKANSAS :
SECTION ONE : That repairs and improvements be made upon the fol-
lowing streets in the City of Fayetteville , Arkansas , at the places
herein named , to-wit :
West Dickson Street and Arkansas Avenue ; Ida Street and Arkansas
avenue ; West Maple Street and Arkansas Avenue ; West Maple Street and
Leverett Avenue , West Maple Street and Lindell Avenue ,
SECTION TV40 : That said improvement shall consist of paving the
intersections of said streets and the construction of necessary cul-
verts and drains to take care of the drainage 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 Con-
struction Company , a corporation , to do and perform the work and
labor and furnish the necessary materiaal for the repair and con-
struction as herein set forth on said streets , and at said inter-
sections of streets as herein mentioned , said improvements to be
according to the plans and specifications on file in the office of
the City Engineer -of the City of Fayetteville , Arkansas . The City dY
Fayetteville agrees to pay to said Company for the same as follows :
MICROFILMED
DATE OCT a
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t Fdr all work, labor and material furnished , the City of Fayetteville ,
1` Arkansas , agrees to pay as follows :
400- - - - -- - square yards of asphaltic pavement @ X1 . 80 the yard , 7 ? _ nn
400- square yards concrete pavement @$l . 30 per
square yard , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 520 , 00
Total amount to be paid by the City of Fayetteville in this contract
is the sum of Twelve Hundred and Forty ( $1240 ) Dollars , which amount
the Council finds to be a fair and just compensation for said material
furnished and work and labor to be performed in such improvement .
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
materials 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 Hundred and Forty ( $1240 ) 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 amounts and on the following dates , to-wit :
First year , August 15 , 1925 , $280 . 00
Second year , August 153 1926 , 264 . 00
Third year , August 15 , 1927 , 248 . 00
Fourth year , August 15 , 19282 232 . 00
Fifth year , August 15 , 19299 216 . 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 Fay-
etteville agrees and stipulates with the owner of the warrant , represent-
ing 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
per annum 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- Burkham Consyruction 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
publication 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, Arkansas , and
aumpliance with its terms by said Moreno- Burkham Construction Company ,
a corporation , on its part .
The City of Fayetteville , Arkansas , hereby pledges itself and all
of its officers to the faithful performance of this contract, as herein
set forth in this Ordinance , upon the full perfarmance of the contract
herein set forth on the part of said Moreno- Burkham Construction Company,
a corporation .
SECTION SIX : This Ordinance shall take effect and be in force from
and after its passage , approval and publication .
Passed and approved this 11th day of August , 1924 ,
Approved : G3 "
J-L — Mayor
i
e Attest •
Clerk