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REGULAR MEETING JANUARY 26, 1981 <br />No. 3 - 260,000 gal. #1 Diesel Fuel, #2 Heating Oil <br />(transport- 150,000 gal.) $ 1.05 <br />(tankwagon- 5,000 gal.) 1.09 <br />#2 Diesel Fuel, #2 Heating Oil <br />(transport- 215,000 gal.) 1.02 <br />(tankwagon- 25,000 gal.) 1.06 <br />No. 5 - 100,000 gal. Gasohol 1.13 <br />Deputy Attorney Terry Crone advised that the Irrevocable Letter of <br />Credit submitted with the bid was a form of bid security but was <br />not the required or specified security. He advised that, in the <br />past, the Board has considered similar bids provided that the <br />proper security was received within a 48 -hour period. Upon a <br />motion made by Mr. Kernan, seconded by Mr. Leszczynski and carried, <br />Circle Oil Corporation was allowed a 48 -hour period to obtain and <br />file with the Clerk the required bid security in order that its bid <br />be considered. <br />Pierceton Equipment Co. <br />P. 0. Box 233 <br />Laketon, Indiana <br />No. 4 - 200,000 gal. #4 Fuel Oil <br />Bid was signed by David Nicol, non - <br />collusion affidavit was in order, and <br />a 10% bid bond was submitted. <br />$ .8003 <br />Smith Petroleum Bid was signed by Michael B. Himes, non - <br />2920 Connett Ave. collusion affidavit was in order, and <br />Fort Wayne, Indiana a 10% bid bond was submitted. <br />No. 1 - 480,000 gal. Regular gasoline (transport -8,000 gal. loads)$1.0123 <br />No. 2 - 650,000 gal. Unleaded gasoline (transport -8,000 gal.loads) 1.0523 <br />No. 3 - 130,000 gal. #2 Diesel Fuel (transport -7,000 gal. loads) .9863 <br />130,000 gal. #2 Heating Fuel(transport -7,000 gal. loads) <br />gross gallon billings .9863 <br />net gallon billings .9763 <br />No. 5 - 100,000 gal. Gasohol (transport -8,000 gal. loads) <br />Regular 1.174 <br />Unleaded 1.214 <br />Amoco Oil Co. Bid was signed by D. M.Haggerty, non - <br />P. 0. Box 2858 collusion affidavit was in order, and <br />Detroit, Michigan a 10% bid bond was submitted. <br />No. 3 - 111,500 gal. American Furnace Oil $ .9917 <br />No. 4 - 200,000 gal. #4 Fuel Oil <br />Deputy City Attorney Terry Crone advised that the bid bond was not the <br />proper form of bid security for an out -of -state bidder. He stated that <br />a certified check was required. Upon a motion made by Mr. Leszczynski, <br />seconded by Mr. Kernan and carried, Amoco Oil Company was allowed a <br />48 -hour period to obtain and file with the Clerk the required bid <br />security in order that its bid be considered. <br />Upon a motion made by Mr. Leszczynski, seconded by Mr. Kernan and <br />carried, the above bids were referred to the Controller's Office and <br />the Street Department for review and recommendation. <br />