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04-17RESOLUTION NO. 2oo4-1 RESOLUTION ACCEPTING BID WHEREAS, pursuant to an advertisement for bids for the Construction of Improvement Project No. 04-07, Otsego Well #6, a bid was received, opened and tabulated according to law, and the following bid complies with the advertisement: Mark J. Traut Wells, Inc $216,480.00 AND WHEREAS, it appears that Mark J. Traut Wells, Inc. of Waite Park, MN 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 of Waite Park MN in the name of Otsego Well #6 Construction, 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 12th day of April 2004. Larry Fournier, Mayor Judy Hudson, Clerk \\Ha01\Shared Docs\Municipal\AOTSEGO\519\OT519ResACCEPT BID.doc