HomeMy WebLinkAbout1984-01-24; City Council; Resolution 74801
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RESOLUTION NO. 7480
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD,
CALIFORNIA, ACCEPTING BIDS AND AUTHORIZING THE EXECUTION
OF CONTRACT NO. 3141 FOR THE ALGA ROAD IMPROVEMENTS.
WHEREAS, bids have been received by the City of Carlsbad, California, for
:he Alga Road Improvements, which consists of two parts: Schedule 1, Street
hprovements, to be funded by public funds, and Schedule 2, Golf Cart Crossing,
;o be funded by La Costa Hotel & Spa, Contract No. 3141; and
WHEREAS, the low bid received for this project was submitted by T.B. Penick
1 Sons Inc., in the amount of $835,625; and
WHEREAS, funds in the amount of $843,127 are available in Account No. 10-18-
10-3141 for the public works' portion of Alga Road Improvements; and
WHEREAS, the LaCosta Resort Hotel and Spa has provided the City with an
rrevocable Letter of Credit with City National Bank in the amount of
;143,527.50; and
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Carlsbad
1s follows:
1. The above recitations are true and correct.
2. The bid of $835,625 received from T.B. Penick & Sons Inc. for the Alga
!oad Improvements (Schedules No. 1 and 2) is hereby accepted.
PASSED, APPROVED AND ADOPTED by the City Council of the City of Carlsbad at
1 regular meeting held the 24th day of January , 1984, by the following
rote, to wit:
AYES: Councilblenhers Casler, Lewis, Kulchin, Chick and Presaott
NOES: None
ABSENT: None
\TTEST: