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RES NO 01-04-2002 CITY OF VAN BUREN, ARKANSAS 0 RESOLUTION NO. 4 -2002 A RESOLUTION APPROVING AN INCREASE IN THE CONTRACT PRICE FOR THE STREET IMPROVEMENTS PHASE V PROJECT. WHEREAS, The Mayor has advertised for bids for the Street Improvements Phase V Project; and WHEREAS, The bid of Wilson Brothers in the amount of $1,111,315.85 was accepted by the Council; and WHEREAS, Due to unforeseen circumstances, the amount to complete the street improvements has increased; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF VAN BUREN, ARKANSAS: SECTION 1: That the increase of $25,517.50 to the Contract with Wilson Brothers for street improvements is hereby accepted. SECTION 2: That the Mayor is authorized and directed to pay for same out of the Street Fund. PASSED AND APPROVED THIS au DAY OF JANUARY, 2002. t MAYOR *I N GGS ATTESTED: t. 604 ALL, dWiltat CITY CLERK/TREASURER