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HomeMy WebLinkAboutOrdinance 586 O `h ORDINANCE NUMBER AN ORDINANCE TO BE ENTITLED , " AN ORDINANCE C014TRACTING 1.7ITH C . A . IvIORENO TO REPAIR AND MAKE IMPROVEMENTS ON CERTAIN STREETS 1.1ITHIN THE CITY OF FAYETTEVILLE , ARKANSAS , AND TO FURNISH THE NECESSARY MATERIAL , :J03K A:1D LABOR FOR THE SAME , AND TO PROVIDE FOR THE P.kyjJE'NT OF SAID LATERIAL , VIORK 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 , Arkansa. s , a. t the places herein named , to-wit : East Mountain Street and South College Avenue ; East Rock Street and South College Avenue ; South East Avenue and East Rock Street ; South Block Avenue and West Rock Street , SECTION T170 : That said improvement shall consist of paving the intersections of the above named streets with the same material and in the same manner thRt the streets in South College Avenue Improvement District Number One of the City of Fayetteville , Arkaneas are to be paved . SECTION THREE : The City of Fayetteville , Arkansas , by the City Council of said City hereby contracts with C . A . Moreno for the said C . A . Moreno to do and perform the work and labor , and furnish the necessary material for the repair and construction as herein set foath , on said streets and at said intersedtions of streets as herein mentioned - said improvements tbb be according to 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 C . A . lJoreno for the same as follows : The total amount which the City of Fayetteville agrees to pay for all necessary work , labor and material furnished for the paving of tho above mentionedintorsedtions in the manner abive provided is the sum of Four Thousand ( $4 , 000 . 00 ) Dollars , wh " ch amount t 9said City Council of said PAICROFI10yZ DATE REEL 2 . City of Fayetteville 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 the repairs and improvements upon said streets as above mentioned and at the places hereinbefore described , by said C . A . Moreno , and the acceptance of said material used rpd 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 C . A . Moreno the sum of Four Thousnnd ( $4 , 000 . 00 ) Dollars , to be paid out of the General Revenue Fund of said City of Fayetteville by warrants drawn in favor of said C . A . Moreno , or bearer , payable in the following amounts and on the following dates , to-wit : lst year , November 25 , 1926 , x$''800 . 00 2d year , November 25 , 1927 , $800 . 00 3d year , November 25 , 19281 $SOO . 00 4th year , November 25 , 19290 $800 . 00 5th year , November 25 , 19302 $800 . 00 If the City of Fayetteville makes default in the payment of any one of ssid sums when the same becomes due and payable , the City of Fayetteville agrees and stipulates with the owner of the warrant , representing the amount P of the sum 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 amount of said warrant , from the date of such default until the said sum is fully paid , as an agreed and stipulated penalty and as damages for failure on its part to carry put its contract with said C . A . 16oreno , 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 th& s ordinance , and the accoptance of the same by the said C . A . Moreno , i^ writing , filed in the office of the City Clerk of the City of Fayetteville , Arkansas , and compliance with its terms by said C . A . Moreno , on his part . SECTION SIX : The City of Fayetteville , Arkansas , hereby pleedges 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 con. 3 . tract herein set forth , on the part of thes aid C . A . Moreno . SECTION SEVEN : This ordinance shall take effect and be in force from and after its passage , approval and publication . Passod and approved this 23d day of November , 1925 . q oft Mayor . Attest : ✓ ! . ��� v Clerk .