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Res 099-2006 8/1/2006 RESOLUTION NO. - "1�_ `- �� RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, TO ACCEPT THE 2005 STREET REHABILITATION PROJECT, CWF05-100-24 AND AUTHORIZE FINAL PAYMENT TO ZACK BURKETT, CO.; FINDING AND DETERMINING THAT THE MEETING AT WHICH THIS RESOLUTION WAS PASSED WAS OPEN TO THE PUBLIC AS REQUIRED BY LAW. WHEREAS, the City of Wichita Falls entered a unit price contract with Zack Burkett, Co. with the estimated total cost of $1,519,440.00; and WHEREAS, the actual work was completed at a total cost of $1,488,475.33 of which $1,414,051.56 has been previously paid to the contractor; and WHEREAS, the Contractor has incurred 91 days of liquidated damages totaling $45,500.00; and WHEREAS, with the deduction of liquidated damages leaves a balance due to the Contractor of $28,923.77; and WHEREAS, the City staff has inspected the work and found it to be acceptable. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, THAT: SECTION 1. The 2005 Street Rehabilitation Project, CWF05-100-24 is hereby accepted, and the City Manager is authorized to make final payment to the contractor. SECTION 2. It is hereby officially found and determined that the meeting at which this resolution was passed was open to the public as required by law. PASSED AND APPROVED this the 1st day of August, 2006. ,7 � MAYOR P TE ATTEST: . ity Clerk