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Res 1257 1/18/1972RESOLUTION NO. / 5-7 WHEREAS, the City of Wichita Falls, as owner, and Stuckey Construction Company, as contractor, entered into a contract dated August 19, 1969, wherein said Contractor agreed to construct Curb and Gutter, Sidewalk, Drive Approaches and Drainage Structures on Project 52-074, Midwestern Parkway, Phase II , from Jacksboro Highway to U. S. 281 Expressway of the 1967 Capital Improvements Program; and WHEREAS, the Federal-Aid Highway Act of 1968 created the program entitled Urban Traffic Operations Program to Increase Capacity and Safety, known as TOPICS; and WHEREAS, the Midwestern Parkway, Phase II Project will qualify for the TOPICS Program; and WHEREAS, the City of Wichita Falls desires to fund the Midwes- tern Parkway, Phase 11 Project under the TOPICS Program; and, WHEREAS, the Contractor has agreed to accept payment for the work performed under their contract and cancel the remaining part of the contract; and WHEREAS, the total amount of work performed is $85,695.84, all of which has been paid to said Contractor except the sum of $4,632.65; NOW, THEREFORE , BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY OF WICHITA FALLS , TEXAS, THAT: The construction of such Project by said Contractor is accepted by the City of Wichita Falls , the final estimate is approved, and the City Manager is directed to pay the said Contractor the balance due as shown on such estimate. PASSED AND APPROVED THIS THE 18th DAY OF JANUARY, 1972. MAYOR ATTEST: CITY CLERK L