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Res 114-87 7/21/1987RESOLTUTION NO. / 00 RESOLUTION ACCEPTING CONSTRUCTION AND AUTHORIZING FINAL PAYMENT TO THE CONTRACTOR FOR COMPLETION OF THE COMMUNITY DEVELOPMENT OVERLAY PROJECT 87-4 WHEREAS, the City of Wichita Falls entered into a contract dated June 18, 1987, for the construction of the Community Development Overlay Project 87-4; 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 actual cost based upon measured quantities was $124,269.94; however, $118,056.44 has been paid to the contractor, leaving a balance due of $6,213.50; and, WHEREAS, this project was inspected and completed on July 2, 1987. 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 and directed to pay the contractor the amo nts as set out above. PASSED AND APPROVED THIS THE 21ST DAY OF 1987 AlL % '.' MAYOR ATTEST: At-i44 _it4 ' CITY CLERK