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<br /> <br />WHEREAS, construction of said street improvements will be upon right-of-way owned <br />by the City of Paris, and award of bids for construction of same should be conditioned upon <br />approval by the Paris City Council and subject to inspection by City inspectors; and, <br /> <br />WHEREAS, the best bid for such construction was made by Stephens and Sons Concrete <br />Contractors, Inc. of Paris, Texas, and it should be awarded the bid for the same; and, <br /> <br />WHEREAS, the form of the contract for such construction project, attached hereto as <br />Exhibit A, should, in all things, be approved, and the President of the Board should be authorized <br />to execute the same, subject to and conditioned upon approval by the Paris City Council; NOW, <br />THEREFORE, <br /> <br />BE IT RESOLVED BY THE PARIS ECONOMIC DEVELOPMENT <br />CORPORATION: <br /> <br />Section 1. That the findings set out in the preamble to this resolution are hereby in all <br />things approved. <br /> <br />Section 2. That the bid of Stephens and Sons Concrete Contractors, Inc. for the <br />construction of Hearne Street from 1st Street S.W. to 4th Street S.W., in the amount of <br />$238,321.02, be, and the same is hereby, accepted and let subject to and conditioned upon <br />approval by the Paris City Council, and conditioned upon said contractor meeting all of the terms <br />and specifications included in the bid documents. <br /> <br />Section 3. That the form of the contract with Stephens and Sons Concrete Contractors, <br />Inc., attached hereto as Exhibit A, be, and the same is hereby, approved. <br /> <br />Section 4. That, subject to and conditioned upon approval by the Paris City Council, the <br />President of the Board be, and he is hereby, authorized and directed to execute, on behalf of the <br />Paris Economic Development Corporation, the contract with Stephens and Sons Concrete <br />Contractors, Inc., upon the terms and conditions and in the form shown in Exhibit A, attached <br />hereto. <br /> <br />Section 5. That this resolution shall be effective from and after its date of passage. <br /> <br />PASSED AND APPROVED this 20th day of January, 2004. <br /> <br /> Don Wall, President <br /> <br /> ATTEST: <br /> <br /> Richard Severson, Secretary-Treasurer <br />