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02-052 RES RESOLUTION 02- _5 2 A RESOLUTION FOR THE CITY OF ELK RIVER A RESOLUTION ACCEPTING BID AND AUTHORIZING EXECUTION OF CONTRACT IN THE MATTER OF THE 2002 SIGNAL IMPROVEMENTS WHEREAS WHEREAS pursuant to a City Council Resolution 02- ., passed at the March 18, 2002, meeting, competitive bids were solicited and received for the 2002 Signal Improvements project; and the City Council has considered the amount of the bids and the responsibility of the bidders and determined that Design Electdc,-Inc. is the lowest responsible bidder; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk River, Minnesota: The Mayor and City Administrator are authorized and directed to execute, en behalf of the City, such contract with Design Electric, Inc., as is approved by the City Attorney, for the completion of the 2002 Signal Improvements according to the approved plans and specifications designed by City Council Resolution. The City Administrator is authorized and directed to forthwith return to all bidders the deposits made with their bids upon execution of the contract specified above. Passed and adopted this 24th day of June, 2002. O:~roj\814060J~O, es-061902-al 2.doc