Ordinance 1467 - Laserfiche WebLink

v 3 final e st-ima to of such work. Such estimate shall be filed with the city clerk and he shall certify the same to the city council. Said clerk, v.hen requested by the contractor, shall issue to such con- tractor an assignment form, showing the amount of work completed as shown by such estimates. Said final estimate issued shall include in addition to a statement of the amount of money due the contractor, a statement of the amount of money expended for abstracts, advertis- ing and engineering prior to the date set for the completion of the contract. All engineering expenses incurred after said date shall be borne by the contractor as a penalty for failure to complete the work within the specified time. All contracts for local improvements shall provide that at least thirty per cent of the amount due on estimates shall be retained to secure the payment of laborers who have performed work thereon, and material-men who have furnished material:: therefor, and such laborers and material-men shall have thirty days after the work has been completed for a lien on such thirty per cent so reserved, for labor done and material furnished. No contract shall be considered as completed until the commissioner of public works shall file his final estimate and approval of such work. In the event that the city elects to sell the bonds for the improvement, the amount due the contractor shall bear interest at the bond rate from the date of release until paid. Section 3: That said Ordinance Nc. 14S9 shall be amended by adding thereto a section, to be designated as Section 28. Said section shall read as follows: Section 28: Any person desiring to pay the entire assess- ment upon any part of real estate assessed as one parcel or tract shall file a petition with the city engineer, said petition to be signed by all persons having any interest in such tract or parcel of land, requesting the city engineer to segregate such assessment so,