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RES NO 05-01-2007 CITY OF VAN BUREN, ARKANSAS RESOLUTION NO. 5 -1 -2007 BE IT ENACTED BY THE CITY COUNCIL, FOR THE CITY OF VAN BUREN, ARKANSAS, A RESOLUTION TO BE ENTITLED: A RESOLUTION ACCEPTING THE BID OF SILCO CONSTRUCTION FOR THE SOUTH 40'" STREET IMPROVEMENT PROJECT AND FOR OTHER PURPOSES. WHEREAS, the City of Van Buren has advertised and let bids for the South 40t Street Improvement Project; and WHEREAS, bids have been received and opened in accordance with Arkansas law and Silco Construction was the Lowest bidder meeting the bid specifications; and WHEREAS, the City of Van Buren has determined that the bid of Silco Construction is the best bid; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF VAN BUREN, ARKANSAS, THAT: Section 1. That the City of Van Buren, Arkansas accepts the bid of $126,518.28 as submitted by Silco Construction as set forth in "Exhibit 1" attached hereto; and Section 2. The Mayor, Robert Freeman and City Clerk, Barbie Curtis are hereby authorized by the City Council for the City of Van Buren to pay all expenses relating to the South 40t Street Improvement Project and to execute all documents necessary to effectuate the agreement IN TESTIMONY WHEREOF, the City of Van Buren, Arkansas, by its City Council, did pass, approve, and adopt, by a vote of 5 for and 0 against, the foregoing Resolution at its properly called Special Meeting held on the tt day of May 2007. tlibk Robert D. Freeman, a or ATTESTED: APPROVED AS TO FORM: _aAll_.. C�,n tera Barbie Curtis, City Clerk/Treasurer N. Do•a ins. Attorney