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Resolution - 935RESOLUTION NO.935 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST COVINA, CALIFORNIA, PRESCRIBING REGULATIONS FOR BIDDING FOR PiUNICIPAL PURCHASES. THE CITY COUNCIL OF THE CITY OF WEST COVINA DOES RESOLVE AS FOLLOWS SECTION 1. Whenever sealed proposals or bids are requested by the City Council for the purchase of materials,supplies or equipment, such proposals or bids when received shall be delivered to the City Clerk who shall publicly open, examine and declare the same in the presence of the City Manager at a public meeting at the office of the City Clerk in the City Hall, West Covina, California, called by the City Clerk for the hour of ten o'clock A.I., on the day of a regular or an adjourned regular meeting of the City Council; after the opening of such bids as aforesaid the City Clerk shall report the results of the bidding to the City Council at such regular meeting of the City Council. SECTION 2. That whenever bids are invited and received by this Council for any public project the security accompanying any such bid and consisting of cash, cashier's check, certified check or surety bond, made payable to the City, shall be returned to any.bidder whose proposal is not to be considered in making an • award or whose proposal is rejected by the Council; any other such security shall be retained by the City until the contract relating to such project has been duly executed, after which it will be returned to the bidder whose proposal it accompanies. SECTION 3. Whenever a bond is required for public im- provement purposes and the amount of such bond is $1000.00 or'less the bond may be in the form of either a deposit of cash or an appropriate surety bond but when the amount thereof is in excess of to 1 $1000.00 such bond shall be a surety bond only. Upon completion of the work for the performance of which a cash bond has been deposited the amount of such cash bond, or any portion thereof, to be released only to the person, form or corporation making the deposit. SECTION 4, The City Clerk shall certify to the adoption • of this Resolution. I HEREBY CERTIFY that the foregoing Resolution was adopted at a regular adjourned meeting of the City Council of the City of West Covina, held on the 7th day of Hay, 1956, by the affirmative vote of at least three Councilmen, to wit: AYES: Councilmen JAMES W. KAY VERNON R MOTI(NGER WAYNE CI:Un1LLY DALE PITTENGER NOES: IV o kv- e JAY D. BROWN, MAYOR. ABSENT e o tv Ic. C1 y Clerk of the City or West Covina SIGNED AND APPROVED this 7th day of May, 1956 • Mayor b Pe ATTEST: City Clerk -2- y o West --Covina