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07-62RESOLUTION NO. 07-62 RESOLUTION ACCEPTING BID WHEREAS, pursuant to an advertisement for bids for the construction of City of Otsego Improvement Project 07-07, 70t' Street Improvement Project, bids were received, opened and tabulated according to law, and the following bids were received complying with the advertisement: Base Bid Knife River Corporation $310,483.59 Dennis Fehn Gravel & Excavating, Inc. $328,056.70 Matt Bullock Contractor Co., Inc. $336,571.85 Rum River Contracting Company $362,614.55 ASTECH Corp. $365,226.80 Hardrives, Inc. $374,460.15 W.B. Miller $398,603.75 AND WHEREAS, it appears that Knife River Corporation of Sauk Rapids, 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 Knife River Corporation of Sauk Rapids, Minnesota in the name of the City of Otsego for the 70"' Street Improvement Project, Improvement Project No. 07-07, 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 10"' day of September, 2007. Motioned By: CM Heidner Seconded By: CM Stockamp All in Favor: Mayor Founrier; Councilmembers: Heidner, stockamp, Thorsted and Darkenwald Those Apposed: None Res07-62 70th St Improvement