O-2007-3024-D - Laserfiche WebLink

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e e contingent upon available budgeted. funding by City for the construction of Phase ill Park Enhancement, and as provided. by Section 3 of this Agreement, and within thirty (30) days of notification by City, the 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 ill Park Enhancement Costs so that the Phase ill Park Enhancements can be let for construction bids. 12. The City shall administer the construction bid process by advertising and receiving bids on a "lowest bid meeting specifications" basis, for construction of Phase ill Park Enhancements for the Project in the manner similar to that of other like City projects, and according to State law. 13. Upon receipt and tabulation of the bids for the Project, City will determine the lowest bid meeting specifications by a responsible bidder, for the construction of Phase ill Park Enhancements for the Project. 14. In the event the contracted. Phase ill Park Enhancement 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 ill Park Enhancement Costs of the Project, or, the FPEHOA may elect to pay the additional costs, or a combination of CitylFPBHOA funding for additional costs for Phase ill. 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. 1 S. 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, the 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 and best bid for the Project shall be final and conclusive. 16. City shall be responsible for administering the construction contract for all phases of the Project. FPBHOA shall not interfere with the work in progress; any issue that is of concern to the FPBHOA will be addressed to City. City and FPEHOA shall approve plans for all three phases of the Project, prior to letting bids for Phase I Park & Basin Improvements for the Project. 17. Payments by the FPBHOA to City hereunder shall not be used by City for any purpose Agreement - City of La Porte and FPEHOA, Page 4 of?