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RESOLUTION 2012 - 48 R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS, REJECTING BOTH BIDS RECEIVED IN RESPONSE <br />TO AN INVITATION FOR BIDS FOR THE DOWNTOWN <br />RECONSTRUCTION PHASE I PROJECT; AND DECLARING AN <br />EFFECTIVE DATE. <br />RECITALS: <br />1. On April 10, 2012 the City received two bids in response to an Invitation for Bids <br />(IFB 212 -044) for the Downtown Reconstruction Phase I Project (the "Project "). <br />2. After review of the bids, the City has determined that the bids exceed the current <br />budget for the Project and that proceeding with an award of a construction contract for the <br />Project at this time is not in the City's best interest. <br />3. The City will solicit bids for this Project in the future. <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br />PART 1. The bids received in response to IFB 212 -044 for the Downtown <br />Reconstruction Phase I Project are rejected. <br />PART 2. That this Resolution shall be in full force and effect immediately from and after <br />its passage. <br />ADOPTED this the 1 st day of May, 2012. <br />aniel Guerrero <br />Mayor <br />Attest: <br />a e Lee Pettijohn <br />City Clerk <br />