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• <br />PREFACE <br />U <br />The City Council is asked to review the bid pricing on street material: <br />1) cut back asphalt; <br />2) emulsions; <br />3) liquid asphalt cement; and <br />4) catalytically blown asphalt joint and crack filler. <br />Exxon Co., U.S.A. provided the best price for cut back asphalt at a rate which <br />averages 25% less than pricing under the current agreement. Exxon prices will <br />fluctuate without prior notice and they reserve the right to refuse supply <br />in the event price increases are not accepted by the buyer. <br />Gulf States Asphalt, Inc. was the only respondent for emulsions and liquid <br />asphalt cement. Prices on these items are lower than current agreement <br />by 14% and 18% respectfully. <br />Sheplers Equipment Co., Inc. agreed to continue furnishing catalytically <br />blown asphalt joint and crack sealer at the 1985-86 price of $.25 per pound. <br />The Administration recommends the City Council approve the bids as outlined <br />above. <br />