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RESOLUTION 2012 - 53 R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS, AWARDING A CONSTRUCTION CONTRACT TO <br />CAPITAL EXCAVATION COMPANY FOR THE HOPKINS STREET (SH <br />80) & THORPE LANE PROJECT IN THE BID AMOUNT OF <br />$1,702,739.20 CONTINGENT UPON THE BIDDER'S TIMELY <br />SUBMISSION OF SUFFICIENT BONDS AND INSURANCE IN <br />ACCORDANCE WITH THE CITY'S BID DOCUMENTS FOR THE <br />PROJECT AND CONTINGENT UPON RECEIPT OF APPROVAL OF <br />THE BID FROM THE TEXAS DEPARTMENT OF TRANSPORTATION; <br />AUTHORIZING THE CITY MANAGER TO EXECUTE THE <br />CONTRACT DOCUMENTS ON BEHALF OF THE CITY AND <br />DECLARING AN EFFECTIVE DATE. <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS <br />PART 1. The award of a construction contract to Capital Excavation Company for <br />the Hopkins Street (SH 80) & Thorpe Lane Project (IFB 212 -057) in the amount of <br />$1,702.739.20 is approved contingent upon the bidder's timely submission of sufficient bonds <br />and insurance in accordance with the City's bid documents for the Project and contingent upon <br />receipt of approval of the bid from the Texas Department of Transportation. <br />PART 2. The City Manager is authorized to execute the contract documents on <br />behalf of the City. <br />PART 3. This Resolution shall be in full force and effect immediately from and <br />after its passage. <br />ADOPTED this the 15th day of May 2012. <br />iel Guerrero <br />Mayor <br />Attest: <br />