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<br />(b) No sealed bid submitted may be withdrawn pending <br /> <br /> <br />award or rejection of the bids. The City reserves the <br /> <br /> <br />right to reject all bids and to award as a lump sum or <br /> <br />on an individual item by item basis. In no event will <br /> <br /> <br />the City accept less than 90 percent of the appraised <br /> <br /> <br />value of the property, which is over $1,000. <br /> <br />3. The bid documents consisting of the "Notice of <br /> <br /> <br />Sealed Bids," "Requests for Bids and Instruction to Bidders," <br /> <br /> <br />"Redwood City IBM 370/115 Specifications," and "Bid on - <br /> <br /> <br />Computer Equipment" are hereby approved. <br /> <br />* <br /> <br />* <br /> <br />* <br /> <br />-2- <br /> <br />899 R <br />