§ 29-4-109 — Construction contracts and costs

(1) Any contract for the
construction of a housing project or any part thereof may be awarded by the city
upon any day at least five days, excluding Sundays, after at least one publication of
notice requesting bids upon such contract in a newspaper circulating in the city, or
if there is no such newspaper, after a posting of such notice in three public places in
such city on a date at least five days previous to the award of such contract.

(2) In determining the cost of any housing project, the following items may
be included as a part of the cost of such housing project and financed by the
issuance of bonds:

(a) Engineering, inspection, accounting, fiscal, and legal expenses;

(b) The cost of issuance of the bonds, including engraving, printing,
advertising, accounting, and other similar expenses;

(c) Any interest costs on money borrowed or estimated to be borrowed
during the period of construction of the housing project and for six months
thereafter.

Legislative History

Source: L. 35: p. 507, � 10. CSA: C. 82, � 13. CRS 53: � 69-2-9. C.R.S. 1963: � 69-2-9.