Ordinance No. 5-86-16 v ORDINANCE NO. 5-86-16
AN ORDINANCE AMENDING THE ORDINANCE CODE OF
THE CITY OF ATLANTIC BEACH, FLORIDA; AMENDING
CHAPTER 2, ARTICLE VII, DIVISION 2, SECTION
2-333 TO REQUIRE BID DEPOSITS OR BID BONDS ON
ALL CONTRACTS WITH A DOLLAR AMOUNT IN EXCESS
OF TWENTY-FIVE THOUSAND DOLLARS ($25,000.00) ;
PROVIDING AN EFFECTIVE DATE
BE IT ORDAINED by the City Commission of the City of Atlantic
Beach, Florida:
Section 1. Chapter 2, Article VII, Division 2, Section 2-333 is
hereby amended to read as follows:
CHAPTER 2
ADMINISTRATION
ARTICLE VII. FINANCE
DIVISION 2. PURCHASING
Section 2-333. Same - Deposits or bonds.
Bid deposits or bid bonds shall be required on all public works
construction contracts with the dollar amount in excess of two-thousand
five-hamdred-dellars-4$2-,500-00} twenty five thousand dollars
($25,000.00) except for maintenance contracts. Bid deposits or bid
bonds may be required on all other contracts or purchase orders. When
bid bonds or bid deposits are required, the requirement shall be
prescribed in the public notices inviting bids. Unsuccessful bidders
shall be entitled to return of surety pursuant to the requirements set
forth in the public notice inviting bids. Further, a successful bidder
may be required to forfeit any surety or bid deposit required by the
City upon failure on the bidders part to enter a contract within ten
(10) days after the award of a contract or as is otherwise required in
the bidding documents.
Section 2. This Ordinance shall take effect as provided by law.
Passed by the City Commission on First reading May 12, 1986
Passed by the City Commission on Second an. inal reading May 27, 1986.
4g7: ' 'AZe.,/a7
William . Howell, Mayor, Presiding Officer
Approved as to Form and Correctness:
aude L. Mullis, City Attorney
(SEAL)
Adelaide R. Tucker, City Clerk