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WHEREAS, there has heretofore existed confusion relative to
requirements of a bid bond from persons proposing to supply the
City of Bremerton with material, supplies and equipment, and pro-
cedure relative to forfeiture of said bid bond; and
WHEREAS, it is the desire of the City Council of the City
of Bremerton by this resolution to clarify the requirements rela-
tive to ~he necessity for furnishing bid bonds to accompany any
bid made to the City of Bremerton, and further to clarify the
question of whether or not said bid bond may or will be forfeited;
now, therefore,
BE IT RESOLVED by the City Council of the City of Bremerton
that the City Clerk and Purchasing Agent is hereby instructed to
require from all bidders proposing to supply the City of Bremerton
with any merchandise, supplies or equipment of any kind in excess
of the value of Fiv~ Hundred and ne/lO0 ~ ($500.00)
Dollars and said bid bond to be either in the form issued by a
company authorized to do a general bonding business in the State
of Washington, or in lieu thereof a certified check of the bidder,
either bond or check to be at least five per cent (5%) of the
amount bid; and
BE IT FURTHER RESOLVED that the bid bond or certified check
of any bidder whose proposal is accepted by the City of Bremerton,
and who fails to complete the terms of his bid by entering into
a contract or furnishing the material, supplies or equipment
to the City of Bremerton, be forfeited to the City of Bremerton.
PASSED by the City Council of the City of Bremerton, signed
by the ~ayor and attested by the City Clerk in authentication of
such passage this 4th day of October, 1950.
' "HBO" KEAN,
ATTEST:
E,HiT. McGOWAN, Gity Clerk.