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HomeMy WebLinkAbout5588 - Parking Meter Purchase2 (12) 1 RESOLUTION NO. 5588 2 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH AWARDING A CONTRACT FOR THE PURCHASE 3 OF PARKING METERS . 4 5 WHEREAS, the City needs parking meters to install on 15th 6 Street and in the center strip dividing Balboa Boulevard; and 7 WHEREAS, The Dual Parking Meter Company has submitted 8 a proposal to furnish said meters at a cost of $60,32 less $14 tra6 9 in allowance for each single mounted meter and at a cost of $98.58 10 less $15 trade -in allowance for each double mounted meter, to be 11 paid from 507. of the gross revenue from said meters; and 12 WHEREAS, itis found to be in the best interests of the 13 City to accept said proposal and execute a contract for the purchase 14 of the meters needed, subject to the City's right to return said 15 meters at any time between 90 and 150 days following the completion 16 of delivery thereof at a cost to City of 50% of the gross revenue 17 during their retention; 18 NOW, THEREFORE, BE IT RESOLVED that the proposal of The 19 Dual Parking Meter Company is hereby accepted and the Mayor and 20 City Clerk are hereby authorized to execute a contract for the 21 purchase of said parking meters in accordance with the City's 22 specifications and the proposal submitted thereunder. 23 ADOPTED this 14th day of May. 1962. 24 25 Mayor 26 A)TEST: 27 'j`"� city Clerk 28 29 30 31 32 STATE OF CALIFORNIA ) COUNTY OF ORANGE ) CITY OF NEWPORT BEACH) I, MARGERY SCHROUDER, City Clerk of the City of Newport Beach, California, do hereby certify that according to the records of the City of Newport Beach filed and maintained in my office, the foregoing Resolution Noe 5588 was duly and regularly adopted, passed, and approved by the City Council of the City of Newport Beach, California, at a regular meeting of said City Council held at the regular meeting place thereof, on the 14th day of May 196Z by the following vote, to wit: AYES, COUNCILMEN: Stoddard, Gruber, Cook, Hart, Lorenz, Marshall, Elder NOES, COUNCILMEN: None ABSENT, COUNCILMEN: None Dated this 15th day of May 1962 lty Clerk ana xio-vtqcio Clerk o t e City Council, City of Newport Beach, State of California.