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92-097 RES . RESOLUTION 92 - .!1L A RESOLUTION FOR THE CITY OF ELK RIVER A RESOLUTION ACCEPTING BID AND AUTHORIZING EXECUTION OF CONTRACT IN THE MATTER OF THE HOLT AVENUE AND 4TH STREET IMPROVEMENT OF 1992 WHEREAS, pursuant to Resolution 92-77, competitive bids were solicited and received for the Holt Avenue and 4th Street improvement as set forth in the bid tabulation attached hereto and incorporated herein by this reference; and WHEREAS, the City Council has considered the amount of the bids and the responsibility of the bidders and determined that Bituminous Consulting and Contracting, Inc., is the lowest responsible bidder; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk River, Minnesota: . 1. The Mayor and City Administrator are authorized and directed to execute, on behalf of the City, such contract with Bituminous Consulting and Contracting, Inc., as is approved by the City Attorney for the completion of the Holt Avenue and 4th Street improvement according to the approved plans and specifications designated in Resolution 92-77. 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 above specified. Passed and adopted this 21st day of September, 1992. ATTEST: J~ 11-~ James A. Tralle, Mayor Sandra A. Thackeray, City Clerk . 146-1601.sep