MINUTE BOOK No. 17, CITY OF OXFORD

( 428MINUTE BOOK No. 17, CITY OF OXFORDRECESS, REGULAR MEETIID 5:00 P. M. June 9, 1958Pursuant to a recess order entered on June 3, 1958, the Mayor and Board of Aldermen met onJune 9, 1958 at 5:00 P. M. in the Mayor and Board of Alderman's Chamber in the City Hallwhen and where the following were present:Pete McElreath - Mayor, PresidingWilliam N. Lo -wlady - Alderman at LargeFrank W. Belk, Jr. - Alderman Ward OneJames N. RotBrts .. Alderman Ward TwoHarry S. Sisk - Alderman Ward ThreeWill A. Hickman - Alderman Ward FourC. D. Malone Jr. - ClerkAfter the meeting was called to order the following business Was transacted:Came on for consideration the repairing of the Vivian Street Drainage Ditch. Hope Evans made aproposa!~/to install a concrete invert and do the necessary dirt work at $.30 eer Sq. foot. A:motionfHBde by Alderman Roberts and seconded by Alderman Lovelady and passed; 1. t was-~'ordered that acontract be enter into between Hope Evans and the City of Oxford concerning said work.Standard Agreement forEngineering Construction- "This agreement made the 9th day of June in the year nineteen hundred and fifty eight by andbetween Hope Evans hereinafter called the Contractor, and City of Oxford ~ssissippi hereinaftercalled the Owner, witnesseth, the Contractor and Owner for the consideration hereinafter namedagree as follows;ARTICLE 1. Scope of ~~ork:The Contaractor shall furnish all materials and perform all the work described in thespecifiaation entitled:Vivian Street Concrete Ditch, for City of Oxford Mississippi, prepared by E. P. Lowe acting asand in these Contract Documents entitled the Engineer and shall do everything required by thisagreement; the General Conditions of the Contract and the Specifications.ARTICLE 2.Time of Completion:The work to be performed under this Contract shall be commenced within ten days uponreceipt of Notice to Proceed and shall be completed without unnecessary delay.ARTICLE 3.The Contract Sum:The Owner shall pay the Contractor for the performance of the Contract, subject toadditions and deductions, provided therein, in current funds as follows:Unit Price of $0.30 per square foot of completed work.ARTICLE 4.Progress payments:The Owner shall make payments on account of the Contract as provided herein; as follows:On or about the first day of each mcnth ninety percent of the balue, based on the Contract prices,of labor and materials incorporated in the work and of materials suitably stored at the sitethereof up to the last day of that month, as estimated by the Engineer, less the aggregate ofprevious payments; and upon substantial completion of the entire work a sum sufficient to makethe total payment ninety percent of the Contract price.