City of Milwaukee - File #: 980533

• File #: 980533
• Version: 0
• Type: Charter Ordinance
• Status: Passed
• File created: 7/7/1998
• In control: PUBLIC WORKS COMMITTEE
• Final action: 7/24/1998
• Effective date: 10/12/1998
• Title: : A charter ordinance relating to approval of performance and payment bonds.
• Sponsors: THE CHAIR
• Indexes: AGREEMENTS, BONDS, CHARTER ORDINANCES

Date	Ver.	Action By	Action	Result	Tally
8/11/1998	0	CITY CLERK	PUBLISHED
7/31/1998	0	MAYOR	SIGNED
7/24/1998	0	COMMON COUNCIL	PASSED	Pass	16:0
7/15/1998	0	PUBLIC WORKS COMMITTEE	HELD TO CALL OF THE CHAIR	Pass	4:0
7/15/1998	0	PUBLIC WORKS COMMITTEE	RECOMMENDED FOR PASSAGE	Pass	4:0
7/9/1998	0	PUBLIC WORKS COMMITTEE	HEARING NOTICES SENT
7/7/1998	0	COMMON COUNCIL	ASSIGNED TO

NUMB:
980533
VERS:
ORIGINAL
REF:

XXBY:
THE CHAIR
TITLE:
A charter ordinance relating to approval of performance and payment bonds.
SECS:
7-14-3-a am
ANLS:
- Analysis -

This charter ordinance removes the current requirement that the city comptroller approve performance and payment bonds for public works contracts.
BODY:
The Mayor and Common Council of the City of Milwaukee do ordain as follows:

Part 1. Section 7-14-3-a of the charter is amended to read:

7-14. Duties When Common Council Orders Public Works.

3. PERFORMANCE BOND. a. All contracts involving $500 or more for performance of labor or furnishing materials when the same pertain to any public improvement or public work shall contain a provision for the payment by the prime contractor of all claims for labor performed and materials furnished, used or consumed in making the public improvement or performing the public work. Such contracts exceeding $25,000 in cost shall not be made unless the prime contractor gives a performance and payment bond or bonds issued by a surety company licensed to do business in the state of Wisconsin. Such bond shall carry a penalty of not less than the contract price, and shall be conditioned for the faithful performance of the contract and the payment to each person entitled thereto of all the claims for labor performed and materials furnished under the contract to be used or consumed in making the public improvement or performing the public work as provided in the contract and this section. No assignment, modification or change of the contract, or change in the work covered thereby, or any extension of time for the completion of the work may release the sureties on the bond or bonds. [[The performance and payment bond shall be approved as to sufficiency by the comptroller.]]

Part 2. This is a charter ordinance and shall take effect 60 days after its passage and publication, unless within such 60 days a referendum petition is filed as provided in which event t...