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Res 165-92 10/20/1992RESOLUTION NO. RESOLUTION ACCEPTING CONSTRUCTION AND AUTHORIZING FINAL PAYMENT TO THE CONTRACTOR FOR THE LYNWOOD EAST OVERLAY PROJECT WHEREAS, the City of Wichita Falls entered into a contract dated September 15, 1992 for the Lynwood East Overlay Project; and, WHEREAS, said project has been completed in accordance with the plans and specifications; and, WHEREAS, said contract was a unit price contract and the total cost based on actual quantities is $33 ,426. 18 ; however, 30, 083 . 56 has been paid to the contractor, leaving a balance due of $3 , 342 . 62 ; and, WHEREAS this project was inspected and complete on October 6, 1992 . NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, THAT: The construction of said project is accepted by the City of Wichita Falls, and the City Manager is authorized .nd directed to pay the contractor the amount as set out above. PASSED AND APPROVED this the 20th days -' O- o. er, • ' M A Y O R// r 40111111. ATTEST: 1 CITY 'CLERK