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Res 042-82 3/2/1982RESOLUTION NO. 4—Xi1 RESOLUTION APPROVING CONSTRUCTION AND AUTHORIZING FINAL PAYMENT TO THE CONTRACTOR ON THE 1981 SURFACE OVERLAY PROGRAM. WHEREAS, the contractor has completed work on the 1981 Surface Overlay Program in accordance with the plans and specifications ; and, WHEREAS , the contract for such work was based on unit prices for estimated quantities ; on this basis , it was originally estimated that the total cost of the contract would be $348 ,520 . 00 , and, WHEREAS, the actual quantities used in the project was less than the quantities which were originally estimated; therefore, the total amount of the contract based on the unit prices applied to the actual quantities is $344 , 266 . 26. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY OF WICHITA FALLS, THAT; Such project is hereby accepted by the City of Wichita Falls . The total amount due such contractor on the 1981 Surface Overlay Program is $20,000.00, and the City Manager is authorized to make final payment to such contractor based on this amount. - PASSED AND APPROVED THIS THE 2nd DAY OF March , 1982 . A Y O R ATTEST: jiy.1. ZGC/ t ZL 1yzl City Clerk Page 3 of 3 pages Agenda Item No. 5.c.