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02-16RESOLUTION NO. 2002-16 RESOLUTION ACCEPTING BID WHEREAS, pursuant to an advertisement for bids for the improvement of 2002 Otsego City Street Maintenance Project, bids were received, opened and tabulated according to law, and the following bids were received complying with the advertisement: Pearson Brothers, Inc. $41,331.00 Allied Blacktop $44,560.00 Caldwell Asphalt $69,046.00 AND WHEREAS, it appears that Pearson Brothers, Inc. of Loretto, 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 Pearson Brothers of Loretto, Minnesota in the name of the City of Otsego, for the 2002 Otsego City Street Maintenance Project, 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 bid bonds made with their bids, except that the bid bond of the successful bidder and the next lowest bidder shall be retained until a contract has been signed. Adopted by the city council this 8th day of April 2002. L rry Fournier, Mayor dy Hudson, Clerk BIDaltematea.doc