HomeMy WebLinkAbout13-50 RESOLUTIONi
RESOLUTION
R,13-1619,
WHEREAS, the contract between the City of Fayetteville, Arkanas
and Fayetteville Suburban Water District No. 1 of Washington County,
Arkansas called for the payment of '•:2,000.00 before construction on said
project should begin, and,
WHEREAS, said sum of ?•:2,000.00 was based upon the engineer's estimate
prepared at the time of the execution of said contract, and,
WHEREAS, the City of Fayetteville advertised for bids on said contract
and received a low bid of $52,554.50 exclusive of engineering and contin-
gencies and,
WHE?.EAS, it appears from the original estimate that quantities
were accurately established and over runs in any substantial amount are
improbable, and,
?PIE EAS, Fayetteville Suburban Water District No. 1 has deposited with
the City of Fayetteville the sum of $57,554.50 which amount is considered
adequate to pay the contractor and to provide supervision in the construction
of said project.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FAYEfTEVILLE, ARKANSAS:
That at the request of Fayetteville Suburban Water District No. 1
of Washington County, Arkansas, the contract between said District and the
City of Fayetteville be amended so as to provide that construction shall
begin upon payment to the City of Fayetteville of the sum of $57,554.50
and it further appearing that said sum has been deposited by said district
with the City of Fayetteville, work on said project is ordered to begin at
a so tiogda! to
once, it being understood that the City is to retain, five per cent of the
contract price for supervision in the construction of said project and the
remaining amount over and above the contract price shall be held as a
contingency fund to be applied on any over runs which may occur during the
progress of the work and in the event over runs are less than the contingent
fund reserved for that purpose, the remainder shall be refunded to said
district.
ADOPTED this I5 day of November, 1950.
ATTEST:
CITY CLEM MAYOR
1