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RES NO 08-01-2005 CITY OF VAN BUREN, ARKANSAS RESOLUTION NO. ()8' -I? -2005 A RESOLUTION APPROVING AN INCREASE IN THE CONTRACT PRICE FOR THE 2005 STREET IMPROVEMENTS/PHASE IX PROJECT. WHEREAS, The Mayor advertised for bids for the 2005 Street Improvements/Phase IX Project and the bid of Forsgren, Inc., was accepted by the Council; and WHEREAS, The original contract price of $585,556.35 was previously approved by the Council; and WHEREAS, The pavement on Rena Road East has been destroyed by construction traffic and is in need of repair; and WHEREAS, The cost of reconstruction of Rena Road East was not anticipated when the project plan for the 2005 Street Improvements/Phase IX was prepared; and WHEREAS, It is necessary to repair Rena Road East in order to adequately serve the businesses east of Highway 59; and WHEREAS, The contract price adjusted for the reconstruction of Rena Road East is $681,504.00. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF VAN BUREN, ARKANSAS: SECTION 1: That the increase of $95,556.35 to the Contract with Forsgren, Inc. for the reconstruction of Rena Road East as part of the 2005 Street Improvements/Phase IX Project is hereby accepted. PASSED AND APPROVED THIS 02 DAY OF AUGUST, 2005. MAYOR J0HN GGS 3 ATTESTED: l 214 a.` ,r Ix� CITY CLE ASURER 11 `,0t CS,,, C f QAJL