Sec. 26. (a) If the board orders acquisition and construction and has advertised for bids for the construction after final adoption of the resolution, it shall require each bidder to deposit with the bidder's bid a certified check for an amount not less than two and one-half percent (2 1/2%) of the engineer's estimate of the cost of the improvement to insure the execution of the contract for which the bid is made.
(b) The contract must state that payments for all work under the contract shall be made only from the special fund derived from the proceeds of bonds and special assessments. A contract may not be let for a higher amount than the estimated cost of the work, and the board may let parts of the proposed work under different contracts. The board may, at any time before the execution of a contract for the work, rescind any acts or orders in relation to the proposed work or take the supplementary proceedings that the board considers necessary.
(c) The validity of a contract may not be subsequently questioned by any person except in an action to enjoin the performance of the contract instituted within fifteen (15) days after the execution of the contract. After that fifteen (15) day period, all proceedings and orders of the board preliminary to the contract are valid, conclusive, and binding upon all persons and are not subject to attack. The amount of the benefits resulting to all property in the city and the special tax shall be levied only for the balance.
[Pre-Local Government Recodification Citations: 19-7-9-10; 19-7-30-20.]
As added by Acts 1981, P.L.309, SEC.111. Amended by P.L.127-2017, SEC.382.
Structure Indiana Code
Article 10. Recreation, Culture, and Community Facilities
Chapter 4. Parks Department in Certain Cities
36-10-4-1. Application of Chapter
36-10-4-4. Commissioner; Appointment; Removal
36-10-4-6. Extended Districts in Certain Counties; Board of Park Commissioners; Term; Vacancy
36-10-4-6.1. Extended Districts in Other Counties; Board of Park Commissioners; Term; Vacancy
36-10-4-8. Taxing District for Levying Special Benefit Taxes
36-10-4-10. Powers of Board Extended Five Miles Outside Corporate City Boundaries
36-10-4-12. Open Spaces for Park, Recreational, or Civic Purposes
36-10-4-15. Publication of Rules Adopted by Board
36-10-4-17. Granting of Public Utility Franchise
36-10-4-18. Ordinance Authorizing Sale of Park Lands; Disposition of Proceeds
36-10-4-21. Eminent Domain; Damages; Prior Public Use
36-10-4-22. Authority Concerning Rivers, Streams, and Waterways
36-10-4-24. Appropriation of Property; Purposes
36-10-4-29. Exempt Personal and Real Property; Exception
36-10-4-30. Awards; Determination; Notice Describing Location of Land Appropriated or Acquired
36-10-4-32. Remonstrance Against Award or Assessment; Hearing; Decision; Appeal; Procedure; Costs
36-10-4-34. Damage Awards; Certificates; Payment; Disputes as to Claimants
36-10-4-36. Cumulative Building and Sinking Fund; Establishment; Levy of Tax
36-10-4-37. District Bond Fund; Proceeds From Sale of Bonds; Disposition of Fund