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RES 14-52 ECfty lk vet Resolution 4 4- 52 A Resolution of the City of Mk River Accepting Laid and Authorizing Execution of Contract in the Matter of the Natuire's Edge Business Center, Phase RI WHEREAS, competitive bids were solicited and received for the Natures Edge Business Center Phase 2 Improvement project; and WHEREAS, the City Council has considered the amount of the bids and the responsibility of the bidders and determined that LaTour Construction, Inc. is the lowest responsible bidder; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk River, Minnesota, as follows: 1. The Mayor and City Administrator are authorized and directed to execute, on behalf of the City, such contract with LaTour Construction, Inc. for the completion of the Natures Edge Business Center Phase 2 Improvements according to the approved plans and specifications designed by Hakanson Anderson and approved by the City Council. 2. 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 15"" day of September 2014. Jo l Die , May ATTEST: Tina Allard, City Clerk PO1ERED I NATURE]