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01-18RESOLUTION NO. 2001-18 RESOLUTION ACCEPTING BID WHEREAS, pursuant to an advertisement for bids for the improvement of 88th Street NE Street Construction; MSA 217-107-03, City of Otsego Project #01-01, bids were received, opened and tabulated according to law, and the following bids were received complying with the advertisement: AND WHEREAS, it appears that Buffalo Bituminous of Buffalo, Minnesota is the lowest responsible bidder, NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF OTSEGO MINNESOTA: 1. The mayor and clerk are hereby authorized and directed to enter into a contract with Buffalo Bituminous of Buffalo, Minnesota in the name of the city of Otsego for the improvement of 88th Street NE Street Construction; MSA 217-07-03, City of Otsego Project #01-01 according to the plans and specifications therefore approved by the city council and on file in the office of the city clerk. 2. The city clerk is hereby authorized and directed to return forthwith to all bidders the deposits made with their bids, except that the deposits of the successful bidder and the next lowest bidder shall be retained until a contract has been signed. Adopted by the city council this 29th day of May 2001. 5' — �ae, � 7 So! �t, 6 Lar our ier, Mayor Posted: May 31, 2001 Fntsego City 14aII