Res 107-93 8/3/1993RESOLUTION NO.
RESOLUTION TO ACCEPT 1991-92 BUDGET UTILITY
IMPROVEMENTS PROJECT AS COMPLETE AND
AUTHORIZE CITY MANAGER TO MAKE FINAL PAYMENT
TO CONTRACTOR
WHEREAS, the City of Wichita Falls has a contract with
Poteet, Inc. for the construction of the 1991-92 Budget Utility
Improvements Project;
WHEREAS, the original contract amount $436, 659. 56 was
increased by approved change orders to $441, 609.56;
WHEREAS, the contractor actually performed work in the
amount of $441, 313 . 30. The City has previously paid the
contractor $432 , 487. 03 , leaving an amount due of $8, 826.27 for
accomplished work;
WHEREAS, under a bonus/penalty system contained in the
contract documents, the contractor earned a bonus of $2 , 430;
WHEREAS, the contractor was three days late in completing
the project and the contract documents provide for liquidated
damages of $240 per day, for a total liquidated damage assessment
of $720; and
WHEREAS, the staff has recommended the Council accept the
project as complete and authorize the City Manager to make a
final payment to the contractor.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF WICHITA FALLS, TEXAS, THAT:
li The 1991-92 Budget Utility Improvements Project is hereby
accepted as complete, and the City Manager is authorized to make
a final payment of $10,536.27 to the cont = 'or.
PASSED AND APPROVED THIS THE 3rd •ay • ' .gust 19•
ATTE T: M A • R
nit,4
C TY CLERK