BY COUNCILOR STOVER:
RESOLVED, that Letourneau and Sons, Inc., be and hereby is awarded a contract for construction of Butternut Avenue from Hickory Street to cul-de-sac for the engineering division in accordance with specifications on its low specification bid of $248,666.50, terms net 30, FOB job site, payable out of Special Assessment Fund 0410, Department/Agency 038, Organization 5401, Object 5530.
STATEMENT OF PURPOSE: This resolution will authorize the construction of Butternut Avenue from Hickory Street to cul-de-sac by Letourneau and Sons, Inc., for $248,666.50 to be paid from Special Assessment Fund 0410. Letourneau and Sons, Inc., was the lowest of the seven companies who responded. The estimated cost of this project is $234,000. Bid No. 04-0642; Job No. 0325TR