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T4_7 — <br />4 <br />RESOLUTION NO. 52 <br />RESOLUTION AWARDING CONTRACTS FOR CONSTRUCTION <br />OF SANITARY SEWER`IMPROVEMENT 64 -LS -19 DETERMINING <br />- <br />TOTAL COST AND CALLING FOR THE SALE OF BONDS <br />BE IT RESOLVED By the Village Council of the Village of°. <br />Orono, Minnesota, as follows: <br />e <br />(1) It is hereby found, determined and declared 'that the <br />'r lowest two bids submitted by responsible contractors <br />for the construction of Sanitary Sewer 64 -LS -1 are as follows: <br />BIDDER PRICE <br />Abbot, Arne, Schwindt $1669228.50 <br />a <br />Hurley 1799883.30 <br />(2) The contracts for the construction of Sanitary Sewer <br />Improvement 64 -LS -1 are hereby awarded to the lowest <br />bidder, subject to the approval of the appropriate state agency; ', <br />and'the.Clerk'is hereby authorized and'directed to return the <br />bid depositsall bidders except the lowest two bidders. The ,, <br />.'of <br />bid deposits of�the`lowest�two;bidders shall be retaine"d pending <br />-the execution of contracts. <br />(3) The Mayor and Clerk are hereby authorized to enter into - <br />contracts with the -low bidder upon said bidder furnishing <br />a satisfactory corporate surety bond conditioned upon the satis-.. <br />{ <br />factory perf6rmance of the work according to plans and speci- <br />fications and.otherwise as required by law. <br />`(4) It is hereby found, determined and declared that the-,. <br />total costs of said improvement including contract costs,' <br />incidental and contingent costs, land and easement', costs are as <br />follows: <br />Contract cost' $166,228,50 <br />Extra lift station #8 19500.00 <br />Easements 49500..00 <br />Tree removal 1.,:000.00 <br />Engineering expense- 15:100.0.00 <br />Fiscal and administrative 4,.000.00 <br />Legal expense 5;.000.00 <br />- <br />Easement survey 1`,500.00 <br />Contingency 1927.1.50 <br />T $200900.0.00 <br />that not less than'$200,000 of said cost wil.l'be assessed against <br />property specially benefited by said improvement., payable in;15'- <br />equal, annual installments with interest at the rate of 60 per. <br />�a <br />annum from,the date of the adoption of said assessments to <br />December 31, 1965, to'be added to the first installment, and one <br />year's interest on'the unpaid balance to be added to each sub-, <br />sequent installment; and that it is hereby determined that not <br />less than $8,000 of saspecial .assessments""'will be prepaid and <br />r�°r <br />available for payment/one year.ls interest -when due. <br />f. <br />