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Res 042-87 3/5/1987RESOLUTION NO. . —1'7 RESOLUTION TO ACCEPT LAKE ARROWHEAD VARIABLE FREQUENCY DRIVE PROJECT AND AUTHORIZE FINAL PAYMENT WHEREAS, the City of Wichita Falls has a contract with Marvin Groves Electric Company, Inc. , for the installation of a variable frequency drive motor control for the Lake Arrowhead Pump Station; WHEREAS, the work has been completed and the City staff has inspected such work and found it acceptable; WHEREAS, the original contract price of $168,914.00 was modified by Change Order No. 1 in the amount of $1 ,612.00, resulting in a total contract price of $170,526.00; WHEREAS, the contractor has previously been paid $152,216.64, leaving an amount due of $18,309.36; and, WHEREAS, an amount of $498.40 is to be deducted from the amount due for a service call paid by the City of Wichita Falls, leaving a net amount due to the contractor of $17,810.96. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, THAT: The project to install a variable frequency drive motor control at the Lake Arrowhead Pump Station is hereby accepted and the City Manager is authorized to make a final payment of $17,810.96 to the contractor, Marvin Groves Electric Company. PASSED AND APPROVED THIS THE 5TH DAY OF ARCH, 1987. MAYOR ATTEST: t..-47c-eViet411 ArC/44'..4.2,9 CITY CLERK