(a) The City Engineering Department is not required to include the estimate of cost in the plans and specifications in the project for which bids are solicited.
(b) From the date that an awarded contract is fifty percent (50%) complete, all funds retained by the City shall be deposited in an escrow account established and handled in accordance with the requirements of Ohio R.C. 153.63. When the major portion of the contract is substantially completed and occupied, or in use, or otherwise accepted, and there exists no other reason to withhold retainage, the retained percentage held in connection with such portion by the City shall be released from escrow and paid to the contractor, withholding only that amount necessary to assure completion.
(c) The successful bidder, after being notified of the award of the contract and prior to the time the contract is entered into, shall submit a statement to the Clerk-Treasurer of the City, affirmed under oath, disclosing whether or not the bidder, at the time the bid was submitted, was charged with any delinquent personal property taxes, and a copy of the statement shall be incorporated into the contract, all as required by Ohio R.C. 5719.042.
(Ord. 30-1990. Passed 5-7-90.)