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Res 099-87 6/16/1987RESOLUTION NO. ff‘r7 RESOLUTION ACCEPTING CONSTRUCTION AND AUTHORIZING FINAL PAYMENT TO THE CONTRACTOR FOR COMPLETION OF THE 1987 CD MILLING AND STREET OVERLAY PROJECT WHEREAS, the City of Wichita Falls and Jake Holmes Company entered into a contract dated March 17, 1987, for the construction of numerous streets throughout Wichita Falls. WHEREAS, such project has been completed in accordance with the plans and specifications; and, WHEREAS, such contract was a unit price contract and the final cost based upon final quantities was $308,674.65; however, $289,753.65 has been paid to the contractor, leaving a balance due of $18,921.00; and, WHEREAS, this project was completed on June 2, 1987. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, THAT: The construction of such project is accepted by the City of Wichita Falls, and the City Manager is authorized and directed to pay to the contractor the amount due as set out above. PASSED AND APPROVED THIS THE 16TH DAY OF 14 1987. M A Y O R Or ATTEST: 11121 7V CI CLERK