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Res 004-87 1/6/1987RESOLUTION NO. O 7 RESOLUTION ACCEPTING POLICE BUILDING RENOVATIONS AND AUTHORIZING FINAL PAYMENT. WHEREAS, the City of Wichita Falls and Wallace and Raub Construction Company, Inc. , entered into a contract dated February 28 , 1986 , wherein the contractor, Wallace and Raub Construction Company, Inc. , agreed to renovate and construct offices, emergency operations center and communications center in the Wichita Falls police headquarters building located at 610 Holliday Street in Wichita Falls , Texas; and, WHEREAS, said renovations and construction have been completed in accordance with the plans or certified by the City' s architect, Daugherty and Glover, Architects and Engineers; and, WHEREAS, the contract price for such construction was 364 , 400 . 00; six change orders amounting to $83 , 342 . 00 were made, making the total amount due on said contract $447 , 742 . 00 . Of this amount, $421,733 . 00 has been paid, leaving a balance due the contractor of $26 , 009 . 00 , less a 1% retainage of $4 , 477 . 00 due one Y ear from the date of this payment. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, THAT: The project to renovate and construct offices in the Wichita Falls police headquarters building is accepted by the City of Wichita Falls, and the City Manager is authorized to make final payment to Wallace and Raub Construction Company, Inc. , in the amount of $21,532 . 00 . PASSED AND APPROVED this the 6t .. day of January, :87 . i Nadie,, ATTEST: M A Y O R City Clerk