Res 158-94 10/4/1994RESOLUTION NO. 11E-C+i
RESOLUTION TO ACCEPT HOLLIDAY CREEK SANITARY
SEWER INTERCEPTOR PROJECT AS COMPLETE AND
AUTHORIZE FINAL PAYMENT TO BONDING COMPANY
WHEREAS, the City of Wichita Falls has a contract with Conex
Construction Company for the construction of a major sanitary
sewer interceptor under the flow line of Holliday Creek, and the
original amount of the contract was $2,455, 200;
WHEREAS, change orders approved during the process of the
work increased the contract amount to $2,485,428 .49;
WHEREAS, Conex Construction Company defaulted on the
contract and the City entered a take over agreement with the
bonding company, Fidelity and Casualty Company of New York, to
complete the work required by the contract specifications;
WHEREAS, the work has been completed by the bonding company,
and the project now meets contract specifications;
WHEREAS, the City previously has paid to the contractor and
bonding company a combined total of $2,476, 691 . 74 and has paid
6, 736 to the County Tax Assessor for taxes owned by Conex
Construction Company, a grand total payment to the contractor of
2,483,427 . 74;
WHEREAS, the actual amount of work accomplished was
2,485, 427.74, so the City owes the bonding company/contractor
2, 000; and,
WHEREAS, Council desires to accept the project as complete
and authorize the final payment to the bonding company.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF WICHITA FALLS, TEXAS, THAT:
7
The project to install a sanitary sewer interceptor under
Holliday Creek is hereby accepted as complete, and the City
Manager is authorized to make a final payment of $2, 000 to the
bonding company/contractor to complete the original contract with
Conex Construction Company and the take over agreement with the
bonding company, Fidelity and Casualty Company of New York.
PASSED AND APPROVED THIS THE 4th day 9f- O' ober,
MAYOR
ATTEST:
I1 . t ._'_ oil IA L2.4
CI ' CLERK