Title
Request for Approval of the Payback Agreement with Kirco Construction, LLC for the bidding and construction of Austin Ave. and Devondale
Body
Whereas, in its approved 3rd Quarter Budget Amendment, City Council transferred all funds associated with the Austin Ave./Devondale construction project from the Local Development Finance Authority to the Major Road Fund.
Resolved, that the Rochester Hills City Council waives Section 2.275(c)(1), the requirements for formal competition for purchases or contracts exceeding $25,000, under Section 2-281, which allows City Council the authority to waive any regulation or procedure pertaining to purchasing, deeming it to be in the best interest of the City; and
Be It Further Resolved, that the attached Payback Agreement between the City of Rochester Hills and Kirco Construction, LLC is approved; and
Be It Finally Resolved, that the Mayor is authorized to sign the Payback Agreement on behalf of the City.