After the contractor has completed said improvement in accordance with plans and specifications therefor and the said work has been accepted by the Board, the said Board shall cause a demand to be drawn in favor of said contractor, or the contractor’s assignee, in payment for said work in accordance with the terms of the contract let pursuant to Section 6.30 hereof. Whenever the Board of Public Works is directed to let a contract pursuant to Section 6.30 hereof, no such contract shall be awarded until funds in an amount equal to that stated in the contract as being payable to the contractor upon acceptance of the work, are available for payment thereof. Said amount may be advanced from such budgetary funds of the Department of Public Works as may be eligible and available for expenditure for such purposes, or out of any funds which may be provided therefor by the Council. Said amount shall be returned to the General Fund when collected as assessments or installments thereof.
SECTION HISTORY
Based on Ord. No. 85,500.
Amended by: Ord. No. 89,681.