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03-54RESOLUTION NO. 2003-54 RESOLUTION ACCEPTING BID WHEREAS, pursuant to an advertisement for bids for Improvement Project No. 03-05, Municipal Wells #4 and #5, bids were received, opened and tabulated according to law, and the following bids were received complying with the advertisement: Mark J. Traut Wells, Inc. $ 269,415.00 Keys Well Drilling Co. $ 285,900.00 Bergerson-Caswell, Inc. $ 286,700.00 E.H. Renner & Sons, Inc. $ 299,660.00 AND WHEREAS, it appears that Mark J. Traut Wells, Inc. of Waite Park, 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 Mark J. Traut Wells, Inc. of Waite Park, MN in the name of the Construction of Municipal Wells #4 and #5, 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 27th day of May 2003. 9 udy Hudson, Clerk ResACCEPT BID.doc Larry Fournier, Mayor