Laserfiche WebLink
Each bid must be unconditional and must be•accom- <br />panied by a certified or cashier's check drawn on a responsible <br />bank and payable to the "City of Charlottesville, Virginia", <br />in the sum equal to two percent (2%) of the principal amount <br />of the Bonds. Such check shall be returned to the bidder if <br />its bid is rejected. The check of the successful bidder <br />will be deposited by the City and, when the Bonds are delivered <br />and paid for pursuant to the terms of the accepted bid, will <br />be applied to the purchase price of the Bonds or will be <br />retained as liquidated damages in the event the successful <br />bidder fails to take up and pay for the Bonds. No interest <br />will be paid on such check or on the amount thereof. Payment <br />of the balance of the purchase price must be in FEDERAL <br />• FUNDS. <br />Each bid shall be enclosed in a sealed envelope <br />marked "Bid for City of Charlottesville, Virginia, General <br />Improvement Bonds" and should be directed to the "Council of <br />the City of Charlottesville, Virginia, Council Chambers, <br />City Hall, Charlottesville, Virginia 22902". <br />The Council of the City will meet at .M., <br />Eastern Time, on I for the <br />purpose of taking action with respect to the sealed bids <br />received. <br />CUSIP identification numbers will be printed on <br />the Bonds, but no such number shall constitute a part of the <br />contract evidenced by the particular Bond upon which it is <br />• printed; no liability shall attach to the City or any officer <br />-10- <br />