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RES 16-42RESOLUTION NO. 2016-42 RESOLUTION ACCEPTING BID AND AWARDING CONTRACT WHEREAS, pursuant to an advertisement for bids for the construction of 2016 Otsego Street Maintenance, Improvement Project No. 16-05, bids were received, opened and tabulated according to law, and the following bids were received complying with the advertisement: Total Base Bid Caldwell Asphalt Co. Inc. $192,490.25 Pearson Bros. Inc $231,055.73 Allied Blacktop Company $266,823.10 AND WHEREAS, it appears that Caldwell Asphalt Company, Inc. of Hawick, 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 Caldwell Asphalt Company, Inc. of Hawick, Minnesota in the name of the City of Otsego for the 2016 Otsego Street Maintenance, Improvement Project No. 16- 05, 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 bond 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 25th day of April, 2016. Motioned By: Schroeder Seconded By: Heidner All in Favor: Stockamp, Schroeder, Heidner, Darkenwald Those Opposed: None Tami Loff, Clerk RES16-42 SMP- ResACCEPT BIDAward Cont