HomeMy Public PortalAbout09011 O R D I N A N C E NO. 9011
AN ORDINANCE, amending Ordinance No. 8879, as adopted
February 10, 1993, by repealing Section Seven, and enacting in
lieu thereof a new Section Seven, pertaining to the bond to be
furnished to the District by successful bidders for District
improvement projects.
BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE
METROPOLITAN ST. LOUIS SEWER DISTRICT:
Section One. Section Seven of Ordinance No. 8879, as
adopted February 10, 1993, is hereby repealed.
Section Two. Ordinance No. 8879, as adopted February
10, 1993, is hereby amended by enacting a new Section Seven
thereto. Section Seven of Ordinance No. 8879 shall now read as
follows:
"Section Seven. Bond. Within a reasonable time after
award of the contract and prior to execution of the contract
documents, the apparent successful bidder shall secure and file
with the District good and sufficient bond or bonds with a surety
or sureties engaged in the bonding business, authorized under the
laws of Missouri to do business in this State, and approved by the
District. Said bond or bonds shall be conditioned upon the
obligation of the payment by the apparent successful bidder of all
persons supplying labor and material in the prosecution of the
work provided for in the contract in an amount approved by the
District. Provided, however, that for projects less than $50,000,
the requirement for said bond or bonds may be waived if so
specified in the bid documents and if approved by the Board of
Trustees."
The foregoing Ordinance was adopted June 9, 1993.