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0190 RESOLUTION ND. 190 -77 A RESOLUTICN AUTHORIZING THE MAYOR OF THE CITY OF JACKSONVILLE TO ENTER INTO A CONTRACT WITH THE ARKANSAS HIGHWAY DEPARTMENT FOR SIGN IMPROVEMENTS IN THE CITY OF JACKSCFNVITLF, ARKANSAS WHEREAS, the Mayor of the City of Jacksonville advertised for bids for sign improvements to the City of Jacksonville, and WHEREAS, the Arkansas State Highway Department has agreed to enter into a contract for the upgrading of signs on the City streets of Jacksonville whereby 90% of the cost of such upgrading of signs will be paid under the 1973 Federal Aid Highway Act and 10% of the cost will be borne by the City of Jacksonville, and WHEREAS, the Mayor of the City of Jacksonville should be authorized to enter into the contract for the upgrading of signs with the Arkansas State Highway Department. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF JACKSONVILLE, ARKANSAS: 1. That the Mayor be and hereby is authorized to execute a contract with the Arkansas State Highway Department for the upgrading of signs per Job Number 60029. 2. The the Mayor be and hereby is authorized to execute a bond with U. S. Fidelity and Guaranty Company. 3. That the Mayor be and hereby is authorized to enter into a contract with Arkansas Culvert Company, with apparent low bid in the amount of $10,899.93. 4. That this resolution shall be in full force and effect from and after its passage and approval. .yor James G. Reid DATE PASSED: < %. . j y 27 ATTEST: a a / City C er APPROVED .: FORM: soma — Rona • C. Mills, City Atty.