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RES NO 11-07-2003 CITY OF VAN BUREN, ARKANSAS RESOLUTION NO. i t '1 -2003 A RESOLUTION APPROVING AN INCREASE IN THE CONTRACT PRICE FOR THE INDUSTRIAL PARK ROAD PROJECT. WHEREAS, The Mayor advertised for bids for the Industrial Park Road Project and the bid of Silco Construction, Inc. was accepted by the Council; and WHEREAS, The original contract price of $67,036.00 was previously approved by the Council; and WHEREAS, The final contract price for the construction has been determined to be S74,411.98, leaving a balance of $7,375.98. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF VAN BUREN, ARKANSAS: SECTION I: That the increase of $7,375.98 to the Contract with Silco Construction, Inc. for the Industrial Park Road Project is hereby accepted. PASSED AND APPROVED THIS 0A DAY OF NOVEMBER, 2003. MAYOR J O N GGS ATTESTED: CITY CLERKJTREASURER 0