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RES NO 05-01-2001 CITY OF VAN BUREN, ARKANSAS RESOLUTION NO. 5- -2001 A RESOLUTION ACCEPTING THE BID OF CRAWFORD CONSTRUCTION CO. FOR RENA ROAD EAST AND SIGNALIZATION IMPROVEMENTS. WHEREAS, The Mayor has advertised for bids for Rena Road East and Signalization improvements; and WHEREAS, Bids have been received and reviewed as required by law; and WHEREAS, The Council feels that the bid of 169,440.25 from Crawford Construction Company is the best bid:. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VAN BUREN, ARKANSAS: THAT, The Bid of 169,440.25 from Crawford Construction Co. is the best bid and is accepted: THAT, The Mayor is authorized and directed to proceed with Rena Road East and Signalization improvements and to pay for same out of the Street Fund to the extent authorized by Resolution 12 -5 -2000. The Mayor will withhold execution of the construction contract until seurity or payment in the amount necessary to cover the cost of the private developer's obligation of the contract is posted. PASSED AND APPROVED THIS 21ST DAY OF MAY 2001 a ATTESTED: CI•TY CLERK- TR'ASURER J