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Res 012-99 2/16/1999RESOLUTION NO. RESOLUTION TO ACCEPT THE 1996 -97 BUDGET UTILITY IMPROVEMENTS PROJECT AND AUTHORIZE FINAL PAYMENT TO STARKS CONSTRUCTION COMPANY, INC.; 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 lump sum contract price with Starks Construction Company, Inc. with an estimated total cost of $676,571.80; and WHEREAS, the actual cost of the project was $684,619.20 of which $641,646.82 has been previously paid to the contractor; and WHEREAS, the contractor incurred 122 days of liquidated damages at $240 per day, leaving an amount due of $13,692.38; 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 1996 -97 Budget Utility Improvements Project 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 16th day of February, 1999. ATTEST: I City Clerk MAYO r