(65 ILCS 5/9-3-26) (from Ch. 24, par. 9-3-26)
Sec. 9-3-26.
The committee on local improvements shall meet at the time and
place specified by the corporate authorities for receipt of bids and
publicly open and declare all bids. Any or all bids may be rejected by such
committee on local improvements. If all bids are rejected, new bids may be
requested as in the first instance. Whenever a bid is rejected, the deposit
required to be made shall be returned to the depositor. Contracts when
awarded shall be awarded to the lowest responsible bidder subject to
ratification and approval by the corporate authorities. Contracts may be
awarded by the committee on local improvements at the meeting at which bids
are received, or any adjournment thereof. The committee on local
improvements shall report in writing to the corporate authorities at the
next regular meeting the action that has been taken relative to bids
received. The corporate authorities shall ratify and approve or reject the
action taken and direct the committee on local improvements to execute the
contract on behalf of the municipality, if an award is made, or in case the
award is rejected, to again direct advertisement for bids. No contract
shall be awarded for the construction of any improvement under this
Division 3 after the expiration of one year from the date of confirmation
of the assessment. The municipality shall dismiss and vacate the
confirmation of any such assessment. No contract shall be awarded in excess
of the estimated amount to be paid the contractor.
(Source: Laws 1961, p. 576.)
|