In the event the lowest acceptable bid either exceeds the last approved estimate for
an improvement by ten percent or more or exceeds the last approved estimate, budget
or budget estimate for services, no contract shall be awarded unless, after notification
of the increase in estimated costs or budget, the owners who would bear more than
50 percent of such costs request that the contract be awarded. Within the time allowed
for acceptance of the bid, should owners of property bearing more than 50 percent
of such costs fail to request award of the contract, or if objections are file, in
writing, by owners of property which will bear 50 percent or more of such costs, the
project shall be discontinued and the costs to date shall be borne by the municipality.
(GAAB 11.15.010.H; AO No. 78-220; AO No. 96-77(S-1), § 28, 6-11-96)
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