O-2007-3024-D - Laserfiche WebLink

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e e bidder who submits the lowest bid meeting specitications for the Project shall be tinal and conclusive. 6. Upon completion and acceptance of Phase I Park & Basin Improvements by the City, and contingent upon available budgeted funding by City for the construction of Phase IT Basic Park Provision, and as provided by Section 3 of this Agreement, and within thirty (30) days of notification by City, FPEHOA shall transmit to City its check made payable to City in the amount of Twenty Thousand Dollars ($20,000) for its share of the Phase IT Basic Park Provision Costs so that the Phase II Basic Park Provision can be let for construction bids. 7. The City shall administer the construction bid process by advertising and receiving bids on a "lowest bid meeting specifications" basis, for construction of Phase II Basic Park Provision for the Project in the manner similar to that of other like City projects and according to State law. 8. Upon receipt and tabulation of the bids for the Project, City will determine the lowest bid meeting specifications by responsible bidder for the construction of Phase II Basic Park Provision for the Project. 9. In the event the contracted Phase II Basic Park Provision Costs are greater than the amount budgeted by City, including the FPEHOA share, City shall have the following options: a. City may elect to pay the additional costs of the Phase II Basic Park Provision Costs of the Project, or, the FPEHOA may elect to pay the additional costs, or a combination of City/FPEHOA funding for additional costs for Phase n. b. City may reject all bids and elect not to proceed with the letting of the contract and terminate this agreement as provided below. c. City may reject all bids and re-advertise for bids for construction of the Project in accordance with the approved drawings and specifications in the same manner as before and under the same conditions. d City may negotiate a reduced Scope of Work to be agreed upon by both parties prior to re-bid or acceptance of alternate bids for this phase of the Project. 10. Within thirty (30) days after the bid opening, City shall award the contract to the responsible bidder who submits the lowest bid meeting specifications, in accordance with the usual and customary procedures of the City and according to State law. It is expressly agreed and understood that City reserves the right to reject all bids. In such event, City, in its discretion, may either re-advertise for bids pursuant to the same understanding with regard to rejection of bids or terminate this agreement as hereinafter provided. The City's determination of the responsible bidder who submits the lowest bid meeting specifications for the Project shall be final and conclusive. 11. Upon completion and acceptance of Phase II Basic Park Provision by the City, and Agreement - City of La Porte aad FPEHOA, Page J of7