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06-70RESOLUTION NO. 70 RESOLUTION ACCEPTING BID WHEREAS, pursuant to an advertisement for bids for the construction of City of Otsego, Improvement Project No. 06-12, CSAH #42 Traffic Signals, bids were received, opened and tabulated according to law, and the following bids were received complying with the advertisement: Base Bid Kilmer Electric Co., Inc. $399,130.00 Ridgedale Electric, Inc. $412,500.00 Eagan Companies $412,850.00 Granite Ledge Electrical Contractors, Inc. $424,000.00 Electrical Installation and Maintenance Co. $430,000.00 ColliSys $472,960.00 Honda Electric $497,070.00 AND WHEREAS, it appears that Kilmer Electric Co., Inc. of Crystal, 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 Kilmer Electric Co., Inc. of Crystal, Minnesota in the name of the City of Otsego for the Improvement Project No. 06-12, CSAH #42 Traffic Signals, 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 11"' day of September, 2006. Motioned By: CM Dan Scharber Seconded By: CM Vern Heidner All in Favor: Mayor Larry Fournier; Councilmembers: Vern Heidner, Dan Scharber, ,JeSSlca StOckamn and Mark 'rhnretad Those Apposed: None Fi4i". s Clerk ResNo.70