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Res 197-87 11/17/1987RESOLUTION NO. /(J 47 RESOLUTION ACCEPTING CONSTRUCTION AND AUTHORIZING FINAL PAYMENT TO THE CONTRACTOR FOR COMPLETION OF THE TEXAS STREET CDBG PROJECT 87-6 WHEREAS, the City of Wichita Falls entered into a contract dated August 4, 1987, for the construction of the Texas Street Community Development Project 87-6; 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 $71 ,108.44 and the cost of Change Order No. 1 was $7,274.45; however, $74,463.75 has been previously paid to the contractor, leaving a balance due of $3,919.14; and, WHEREAS, this project was inspected and completed on November 5, 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 amount as set out above. PASSED AND APPROVED THIS THE 17TH DAY 1 EMBER, 1987. J . MAYOR ATTEST: CIT CLERK