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HomeMy WebLinkAbout5.a. Receive Bids / Award Contract 1989-2 West Ridge 3rd Addition � � • � ITEM # 5 A ****************�t************�***�**Pt�PiO**************************************** pAT�: JULY 14, �989 T0: riAYOR & COUNCILptEMBERS C/Q CITY ADPiINISTRATOR JILK FROA1: CITY ENGINEER/PUBLIC WORKS DIRECTOR HEFT�� � R�: ITEM FOR THE JULY 18, 19$9 COUNCIL MEETING OLD BUSINESS Receive Bids/Award Contract 1989-2, West Ridge 3rd Addition As Council will recall from the last meeting, the item holding up contract award for this project is the result of the developers not being able to provide the necessary financial security for their development contract. An option that Staff has considered and suggested ko the developers is to give the City a promissory note in the amount of the bonding to be backed by the 40 acres of land that they own in which the West Ridge 3rd and probably 4th Addition would be built. Recommended action for Council to consider is to award the Contract 1989-2, West Ridge 3rd Addition Improvements to the lowest responsible bidder, and authorize the Ptayor and City Clerk to sign the eontract documents subject to receipt of necessary financial guarantee. ,, . ,, � . . . . � . . . .� "� • • �-- CITY OF ROSEMOUNT RESOLUTION 1989 - ,, . ., ,: . � . . i . . . A RESOLUTION RECEIVING BIDS AND AWARDING CONTRACT QN WEST RIDGE 3RA AllDITION STREETS & UTILITY IMPROVEMENTS CITY PROJECT N0. 195 BE IT RESOLVED, by the City Council of the City of Rosemount, rtinnesota, as follows: 1. All bids on construction of West Ridge 3rd Addition Streets & Utility Improvements are hereby received and tabulated. 2. The bid of Nodland Construction in the amount of $316,025 for the construction of said improvements in accordance with the plans and specifications and advertisement for bids is the lowest responsible bid and shall be and hereby is aeeepted. 3. The rtayor and Clerk are hereby authorized and directed to enter into a contract with said bidder for the construction of said improvements for and on behalf of the City of Rosemount. 4. The City Clerk is hereby authorized and direeted to return forthwith to - - all bidders the deposits made with their bids, except that the deposit o€ the successful bidder and the next two lowest bidders shall be retained until a contract has been executed. ADOPTED this 18th day of July, 1989. Rollan Hoke, Ptayor T ATTEST: Stephan Jilk, Administrator/C1erk