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Res 099-88 5/3/1988RESOLUTION NO. �,a_— RESOLUTION APPROVING CHANGE ORDER NO. 3, ACCEPTING CONSTRUCTION AND AUTHORIZING FINAL PAYMENT TO THE CONTRACTOR FOR COMPLETION OF THE RIVER TRAIL CDBG PROJECT WHEREAS, the City of Wichita Falls entered into a contract with Taylor and Company Inc. for the construction of the Lucy Park River Trail CDBG Project; and, WHEREAS, said project has been completed in accordance with the plans and specifications, excepting only conditions described in Change Order No. 3 for which the contractor requests an additional $1,255.00; and, WHEREAS, said contract was a unit price contract and the estimated cost based on actual quantities with Change Order No. 3 is $84,583.23; however, $78,807.09 has been paid to the contractor, and $700.00 has been assessed as liquidated damages to the contractor, leaving a balance due of $5,076.14; and, WHEREAS, this project was inspected and complete on April 8, 1988. 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, Change Order No. 3 is approved, and the City Manager is authorized to pay the contractor the amount as bet out above. PASSED AND APPROVED THIS THE 3RD D)yf 1b,Py ]AAY, /A 988 ATTEST: CITY CLERK M A Y