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RES NO 04-06-2003 CITY OF VAN BUREN, ARKANSAS RESOLUTION NO. k -2003 A RESOLUTION APPROVING A DECREASE IN THE CONTRACT PRICE FOR MEYER DRIVE /COWDEN COURT STREET OVERLAY AND WATER SYSTEM IMPROVEMENTS. WHEREAS, The Mayor advertised for bids for the Meyer Drive /Cowden Court Projects and the bid of Harris Company of Fort Smith, Inc. was accepted by the Council; and WHEREAS, The original contract price of $279,550.76 was previously approved by the Council; and WHEREAS, The final contract price for the construction has been determined to be $266,731.91, leaving a credit balance of $12,818.85; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF VAN BUREN, ARKANSAS: SECTION I: That the decrease of $12,818.85 to the Contract with Harris Company of Fort Smith for street overlay and water system improvements on the Meyer Drive /Cowden Court Project is hereby accepted. PASSED AND APPROVED THIS DAY OF APRIL, 2003. a 111 V %a MAYO 4J 0,17 RIGGS ATTESTED: CITY CLERK/TREASURER 0