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RES NO 10-01-2005 CITY OF VAN BUREN, ARKANSAS 0 RESOLUTION NO. 10 t -2005 A RESOLUTION APPROVING A DECREASE 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, A change order was approved increasing the amount of the contract by $95,556.35 pursuant to Resolution No. 8 -1 -2005, for a total contract amount of $681,504.00; and WHEREAS, The project is now completed at a final cost of $589,566.11. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF VAN BUREN, ARKANSAS: SECTION 1: That the decrease of $91,937.89 to the Contract with Forsgren, Inc. for the 2005 Street Improvements/Phase IX Project is hereby accepted. PASSED AND APPROVED THIS 11 OF OCTOBER, 2005. MAYOR OHN RI ATTESTED: CITY CLERK/TREASURER 0