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RES NO 05-05-2002 CITY OF VAN BUREN, ARKANSAS RESOLUTION NO. 5 -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, An addition to the contract was accepted by this Council pursuant to Resolution No. 1 -4 -2002 in the amount of $4,000.00; WHEREAS, That the change order for said addition to the Contract provides for a cost of $7,275.00. $3,275.00 more than the original amount of $4,000.00 approved by the Council; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF VAN BUREN, ARKANSAS: SECTION 1: That the increase of $3,275.00 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 &0 DAY OF MAY, 2002. MAYO.IOH' RIGGS'' ATTESTED: C 04L t Ai CITY CLERK/TREASURER ?fk Ct (i C leAL