BY COUNCILOR STOVER:
RESOLVED, that Northwoods Sand and Gravel, Inc., be and hereby is awarded a contract for construction of street and utility improvements in Denim Drive for the engineering division in accordance with specifications on its low specification of $272,246.05, terms net 30, FOB destination, payable out of Special Assessment Fund 0410, Department/Agency 038, Object 5530, Project 0500TR.
STATEMENT OF PURPOSE: This resolution will authorize the construction of a ten lot development (Denim Drive) to the low bidder, Northwoods Sand and Gravel, Inc., for $272,246.05, to be paid from Special Assessment Fund 0410. Northwoods Sand and Gravel, Inc., was the lowest of seven bids received. The engineer’s estimate was $290,000.