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Res 034-83 2/15/198322 RESOLUTION NO. d4V°1 RESOLUTION APPROVING FINAL ESTIMATE AND ACCEPTING CONSTRUCTION OF ROADS, PARKING, WALKS, FENCING AND LIGHTING AT HAMILTON PARK. WHEREAS , the City of Wichita Falls and Timmins-Anderson Corp. , as Contractor, entered into a contract dated March 26 , 1982, whereby the Contractor agreed to construct roads , parking, walks, fencing, and lighting for Hamilton Park; and WHEREAS, such construction has been completed in accordance with the plans and specifications, except for the installation of a light pole and fencing; and WHEREAS , the Contractor has furnished to the City a. f_inal estimate on said contract, which shows the total amount work done of $233 , 999. 00 , of which $222, 299. 05 has been paid to the Contractor, leaving a balance due of $11,699. 95; and WHEREAS, it is proposed that the City retain $2,500. 00 until such time as the light pole and fencing are properly installed by the Contractor. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY OF WICHITA FALLS, TEXAS, THAT: Such final estimate is hereby approved, the construction of such project is accepted by the City, and the City Manager is authorized and directed to pay to the Contractor the sum of $9 ,199. 95; at such time as the Contractor properly installs the light pole and fencing, the City Manager shall pay to the Contractor the final 2, 500. 00. PASSED AND APPROVED this the 15th day of February, 1983 . A Y 0 R ATTEST: I. Ci y Clerk