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80-007 RES RESOLUTION 80-7 IMPROVEMENT PROJECT NO. 80-1 LAKE ORONO DAM REHABILITATION 411 RESOLUTION ACCEPTING THE BID WHEREAS, pursuant to an advertisement for bids for the re- habilitation of Lake Orono Dam, bids were received, opened and tabulated according to law and the fol- lowing bids were received complying with the adver- tisement: Bidder Amount Acton Construction $ 876, 630.00 Industrial Builders 898, 625.00 Park Construction 1, 033, 880.00 Arcon Construction 1, 052, 422. 50 C. S. McCrossan 1,245, 480.00 and, WHEREAS, it appears that Acton Construction is the lowest responsible bidder. NOW, THEREFORE, BE IT RESOLVED by the Elk River City Council as follows: 1. The Mayor and the City Administrator are hereby authorized and directed to enter into a contract with Acton Construction for the designated im- provement. 2. The Engineer is hereby authorized and directed to return forthwith to all bidders the deposits made with their bids, except the three lowest responsible bidders. When a contract is duly executed, the deposits of the two remaining unsuccessful bidders will be returned. The bid deposit of the successful bidder will be retained until the performance bond has been executed and approved, after which the bid deposit will be returned. Adopted this 5th day of May, 1980, by the Elk River City Council. 074e 4)2terAtIN, Frank Madsen, Mayor ATTEST: Ro ert C. M ddaugh City Administrator/C erk