Ordinance 2864 - Laserfiche WebLink

is 11 ii No contract sha 11 be considered a s completed until the Commission- er of Public Works sha 11 file his final estimate and approval of II such wprk. No contract for the making of any public improvement I' under this ordinance shall be a ssi geed , transferred or sublet, except for me terial s, in any manner without first having endorsed 11 thereon the consent of the Commissioner of Public Works and the it sureties on the c ontra cto r s bond , and no transfer or a ssi gnne nt thereof shall kat in any wise affect such bond or the liability of the sureties thereon, and any assignment or transfer of any such contract wi thout such consent and waiver end orsed thereon, except by operation of law shall make the same null and void as to any further performance thereof by the contractor, or his assigns , without any act on the part of the City Council. If any such contract shall for any reason becarm ended or void , or shall be abandoned , the City Council may re-let such contract, or complete the same as the agent and at the expense of such contractor and his sureties. No assignment , transfer, abandon- ment , or surrender of any such contract , nor any change in any such contract, nor any extension of time in which to complete any such contract , shall ever operate to release sureties on any bond provided for in this ordinance. Any contractor desiring an extension of time for the completion of any vork under any contract shall make a written application to the Commissioner of public Works for such extension of time , and shall state in such application the reasons for such extension, end the Commissioner of Public Works may grant an extension of tiMe if , in his judgment, such contractor is entitled to the same . No extension of time shall be valid unless endorsed on such contract. Section 2 : That Section 18A of Ordinance No. 1439, entitled as above set forth, be, and the same is hereby amended to read as follows: Section 18A: In any local improvement district upon the written request of the contractor the City Clerk shall not later than the 25th day of the fo llowi ng month del iver to the contractor money or warrants in an amount equal to Eighty-five percent (85%) of such estimate issued by the Commissioner of Public Works as provided in Section 18 of this ordinance . In case warrants are issued they tall be drawn against the local improvement district fund under which the work is being done and shall bear interest at the rate of Three (3) percent per annum i from date to the time fixed in the proposal for the completion oft the contract, plus ninety days allowed for the approval of the assessment roll and issue of bonds, beyond which the City shall not allow interest. Said warrants shall be redeemed either in cash or by local improvement bonds authorized to be issued in said local improvement district. Y'1'tt11f'9 (1 EX� 1=�A ' `1:�1/rl,m o n-1- 4'n r in cV�JGA,�1_ b e N,l le d o. thy.' C outr r n t n�e • • This section shall apply to all local improve��ents.where. contracts have heretofore been let and not completed for any improvement in any local improvement district as well as to any local improvement here- after provided for in any local improvement district . 1