Resolution 3466 - Laserfiche WebLink

a RESOLUTION NO. _ 3466 EVERETT A RESOLUTION of the City of Everett, Washington, accepting the bid of Sierra Construction Company, Inc. , as the most advantageous bid for the construction of Fire Station Number Two - received pursuant to a call for public bids; authorizing the execution of a Construction Contract, Ground Lease, Lease and Commitment Letter in connection with such construction; and making certain findings. WHEREAS, the City of Everett ("City" ) has heretofore issued a call for bids for the construction of Fire Station No. 2, by publication of notice thereof as required by law and by issuance of specifications for said project in the document entitled "Fire Station #2; for the City of Everett, 36th Street and Rucker, Everett, WA, by Finley Architects, AIA" ; and WHEREAS, in accordance with said call for bids, bids were received and opened on April 11 , 1991 , at which time two bids were received by the City of which Sierra Construction Company, Inc. was the low bidder; and WHEREAS, the Director of Facilities, the Fire Chief and the City Attorney have reviewed such bid and found it to be acceptable to the City; and WHEREAS, the call for bids contemplates that Fire Station No. 2 shall be built upon real property owned by the City to be leased to the successful bidder, and bidders were therefore directed to include stated ground lease rental of $100 in their bids submitted to the City; and WHEREAS, the calls for bids contemplates that upon successful completion of construction of Fire Station No. 2, the City will occupy said improvements and commence paying lease rental for the use thereof for a term of years but no such rental obligation shall commence unless and until the improvements are satisfactorily completed by the bidder and are accepted by the City; and WHEREAS, the call for bids contemplates that in order to accomplish such lease financing, the City and the successful bidder, shall , upon acceptance of the most advantageous bid, if any, execute a ground lease for the site of Fire Station No. 2, a lease-back of Fire Station No. 2, and a construction contract; and WHEREAS, the call for bids further contemplates that a take-out financing will occur upon successful completion of construction of Fire Station No. 2, whereby an underwriter will purchase certain rights, property and interests of the selected bidder upon successful completion of Fire Station No. 2; NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EVERETT as follows: