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07-038 RES e e e RESOLUTION 07- 38 A RESOLUTION FOR THE CITY OF ELK RIVER A RESOLUTION ACCEPTING BID AND AUTHORIZING EXECUTION OF CONTRACT IN THE MATTER OF THE DEERFIELD 3RD ADDITION STREET/STORM DRAINAGE RECONSTRUCTION IMPROVEMENT OF 2007 WHEREAS pursuant to a City Council Resolution 07-07, passed at the January 16, 2007 meeting, competitive bids were solicited and received for the Deerfield 3'" Addition Street/Storm Drainage Reconstruction; and WHEREAS the City Council has considered the amount of the bids and the responsibility of the bidders and determioed that Redstone Construction Co., 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 AdnUnistrator are authorized and directed to execute, on behalf of the City, such contract with Redstone Construction Co., Inc. as is approved by the City Attorney, for the completion of the Deerfield 3,d Addition Street/Storm Drainage Reconstruction improvement according to the approved plans and specifications designed by City Council Resolution. 2. The City AdnUnistrator 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 19'" day of March, 2007 ~e~ Steph e A. KlinZing, Mayor ArrEST: < 62(2 Tina Allard, City Clerk