A. Advertisement For Bids; Bonding:
1. The city council may, in its discretion, direct the city manager to advertise for bids for construction of all, or any part of, the improvement project on the basis of the city council approved report and before the passage of the resolution, or after the passage of the resolution and before the public hearing on the proposed improvement, or at any time after said public hearing; provided, however, that no contract shall be let until after the public hearing has been held to hear remonstrances and oral objections to the proposed improvement. In the event that any part of the work of the improvement is to be done under contract bids, then the city council shall determine the time and manner of advertisement for bids and the contracts may be let to the responsible bidder whose bid is in the best interests of the city as determined in the sole discretion of the city council; provided, that the city council shall have the right to reject any or all bids when they are deemed unreasonable or unsatisfactory in the city council's discretion.
2. The city shall provide for the bonding of all contractors for the faithful performance of any contract let under its authority, and the provisions thereof, in case of default, shall be enforced by action in the name of the city.
B. Excessive Bid Amount; Hearing Of Objections: If the city council finds, upon opening bids for the work of such improvement, that the bid in the best interest of the city is substantially in excess of the estimate, it may, in its discretion, provide for holding a special hearing of objections to the proceeding with the improvement on the basis of such bid, and it may direct the city manager to publish one notice thereof in a newspaper of general circulation in the city. (1996 Code § 12.08.070)