BY COUNCILOR STOVER:
RESOLVED, that Letourneau and Sons, Inc., be and hereby is awarded a contract for construction of Lake Avenue from Second Street Alley to Seventh Street for the engineering division in accordance with specifications on its low specification bid of $1,454,428.55, terms net 30, FOB job site, payable out of Special Assessment Fund 0410, Department/Agency 038, Organization 5381 Object 5530.
STATEMENT OF PURPOSE: This resolution will authorize the construction of Lake Avenue from Second Street Alley to Seventh Street by Letourneau and Sons, Inc., for $1,454,428.55 to be paid from Special Assessment Fund 0410. Letourneau and Sons, Inc., was the lowest of the two companies who responded. The estimated cost of this project is $1,380,000. Bid No. 04-0457; Job No. 0087TR
of bids received June 2, 2004: