HomeMy WebLinkAbout4086_CCv0001.pdf RESOLUTION NO. 4086
RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF REDLANDS AWARDING CONTRACT FOR
CITY MUNICIPAL CORPORATION YARD IMPROVE-
MENT PROJECT SUBJECT TO RECEIPT OF
PROCEEDS FROM SALE OF CERTIFICATES OF
PARTICIPATION
WHEREAS, the City Council ( "this City Council" ) of
-the City of Redlands ( "the City" ) has adopted Resolution
No. 4085 approving a Purchase Agreement and a Preliminary
Official Statement with respect to the sale of Certificates
of Participation (City of Redlands 1985 Projects) in an
amount not to exceed $12, 000 , 000 ( the "Certificates" ) , the
proceeds of which are to be utilized as provided in the
Lease Agreement and the Trust Agreement, both dated as of
August 1, 1985, and the other agreements which have been
approved and authorized by Resolution No. 4084 adopted by
this City Council for , among other things, the construction
of certain improvements to the City Municipal Corporation
Yard; and
WHEREAS, pursuant to duly published notice, the
City received bids for the construction of said improvements
on July 9, 1985, which bids were publicly opened and
reviewed, all in accordance with applicable legal
requirements; and
WHEREAS, this City Council has determined that the
responsible bidder submitting the bid or proposal for said
project which will result in the lowest cost to the City is
Martin J. Jaska, Inc. , and that it is in the best interest
of the City that the contract for the construction of said
project be awarded to said firm;
NOW, THEREFORE, BE IT RESOLVED AND ORDERED BY THE
CITY COUNCIL OF THE CITY OF REDLANDS AS FOLLOWS:
1 . The contract for the construction of the City
Municipal Corporation Yard Project is hereby awarded to
Martin J. Jaska, Inc. , subject to the receipt by Bank of
America National Trust and Savings Association, as Trustee
pursuant to the Trust Agreement (the "Trustee" ) , of the
proceeds from the sale of the Certificates.
2 . The award of said contract is specifically
made contingent upon the Trustee being able to issue the
Certificates on terms and conditions which are acceptable to
the City and the receipt by the Trustee of the proceeds from
the sale of the Certificates on or before September 30 ,
1985 . Should the Trustee be unable to sell the Certificates
on such terms and conditions and receive the proceeds
thereof prior to said date, the award of said contract shall
be nullified and of no further force or effect . Upon the
receipt by the Trustee of the proceeds from the sale of the
Certificates, the Mayor and City Clerk shall execute and
deliver on behalf of the City the contract for the
construction of said project .
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3 . The City Clerk is hereby authorized and
directed to return to all bidders who submitted bids for the
construction of said project , except the three lowest
bidders therefor , the bid security which accompanied their
bids . The City Clerk shall retain the bid security which
accompanied the bid of the firm to which a contract has been
awarded, pursuant to Section 1 hereof , and the bid security
of the bidders which submitted the second and third lowest
bids for said project until such time as the said firm to
which said contract has been awarded executes and delivers,
in satisfactory form pursuant to the plans and specifica-
tions for said project , a written contract for the construc-
tion of the project and the payment and performance bonds
and insurance certificates and other documentation required
by said plans and specifications. At such time as said firm
so satisfies the terms and conditions of the plans and
specifications, the City Clerk shall return to the said
second and third low bidders the bid security which
accompanied their bids .
Adopted this 16th day of July, 1985.
Mayor of the City of Redlands
ATTEST:
7 �
City Clerk off " e City of
Red . nds
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I , LORRIE POYZER, City Clerk of the City of
Redlands, California, do hereby certify that the foregoing
Resolution No. 4086 was regularly introduced and
adopted by the City Council of the City of Redlands,
California, at a regular meeting thereof held on the 16th
day of July, 1985 , by the following vote of the City
Council :
AYES: Councilmen Johnson , Larsen;
Mayor Beswick
NOES: None
ABSENT: Councilmen DeMirjyn , Martinez
ABSTAINED: None
and that said resolution has not been amended, superseded or
repealed, and is in full force and effect .
IN WITNESS WHEREOF, I have hereunto set my hand
and affixed the official seal of the City of Redlands ,
California, this 16th day of July 1985.
City -glerk of City of
Redla,,tids
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RTA0077