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HomeMy WebLinkAbout12-76 RESOLUTIONs • 4 RESOLUTION NO. 1,2-761 A RESOLUTION AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE A CONTRACT WITH CAPWELL CONSTRUCTION COMPANY FOR THE CONSTRUCTION OF A SEWER LINE ALONG COLETTE AVENUE. BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF FAYETTEVILLE, ARKANSAS: That the Mayor and City Clerk be and they hereby are, authorized and directed to execute a contract with Capwell Construction Company of Springdale, Arkansas for the con- struction of a sewer line along Colette Avenue. A copy of said contract, marked Exhibit "A", is attached hereto and made a part hereof. PASSED AND APPROVED THIS AVI DAY OF ) , 1976. APPROVED:f RO r/i� �/47L MAYOR ATTEST: CITY CLERK 1 n 11 1 • 'CONTRACT AGREENrgT 1. This Contract and Agreement, nada day of March , 1976 by and Arkansas and entered into this 29th between the City of Fayetteville, IEparty of the first Part, acting through its cuiy autnorizcu repro- sentatiye, and Capwell Construction Company, Inc. 1 1 1 1 Party of the Second Part: WITNESSETH: • sit That n in pcoside atioof the payments to be made as hereinafter Y Second Part hereby agrees to furnish all tools, labor, equipment, materials, and supplies re to ed and to construct the improvementsgolttered ye be furr.ich- Sanitary Sewer Extension designated as ('olettr A�rm>e for Twenty Six Thousand Five Dollars and Ten Cents ($26,005.10). ih net ecce:erica with the Plans on flip at t5e. CF ice of the P.;rty of tna First Part, and Specifications, Pro)esals Special Provisions attached hereto de ' Stipulations, asnf avid though copied herein, the and ma_., a part hereof as fully as ? , undor direct supervision and to the entire satisfaction or thu Party of the First Part and i the taus of the Stz to of A rkan ..asn accordance wi , 2. It is further ?greed and understood by and between the partiss df theSecondthat thrtrartyearty oftthe Fist Part ,:groes to pay and the P.:_ty for all work done under this aoroerat nt ftUel uni final s namedatiDr. Propose which unit prices named in ;he 1 ti'ch is Fo_eto attached money of the Unites States, at the such znd ins to be made in flawAll nrsh in the Specifications, time znd in tna Wanner set fnr.:h 3. The Party of the Second Part agrees, for the consideration above - expressed, to begin and complete the work within the time specified .in the Proposal. If the Party of the Second Part shall fail to crnplete the work in the' time specified, he shall pay to the Party of the First Part, asliquidateddamages, ascertained and agreed, and not in the nature o� apenalty, the amount specified ? cifi_d in the Proposal for each day delayed, for each Schedule delayed which shall be e final amount to be paid under t' e deducted From the of time with waiver of liquidated contract, provide) that extensions q ed damages may be granted as provided t"or ime wi h waiver cions. 4. The'Party of the Second Part aoreesto furnish a Bond, with approved Surety thereon u on as required bythe laws or guaranteeing the kansas, and of this Contract,s State of Arkansas, and for not less • • 1 1 1 4 4 4 4 LI 11 11 n n 4.1 11 11 m m Than one hundred ( pe':cent of the amount of this contract. • Said [lend shall b;: conditioned on full and complete nalFarmance cf this Contract and for the pays;nt of all labs: and materials entering into o r incident to the proposed irnprovenents and shall guarantee the worst against faulty workmanship or materials, Lor a period of one (1) year after completion. The Surety on said Bond shall ba a Surety Company o f financial resources satisfactory to the Party of the First Part, and authorized to do business in. the State'of Arkansas. 5. The Party of the Second Part agrees also to carry Public Lia- bility Insurance, Property Damage Insurance,' and Workmen's Compen- sation Insurance in anou:hts as required by these Specifications. • WITNESS OUR HANDS THIS 29th DAY OF March y 1976. • • WITNESS: By e r 6 -t rcu rtg er v i< <c (PAR OF the HIPS1 -kr:;) a • dt.4.4Or WITNESS: • 4e Title - /X/ • F /gm 35c,er;7444/'- Busin.s Address J Cerpoz3te Seal (if any) • .7 • • • to • • •