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Min 08/18/1981 i 102 Wichita Falls, Texas Memorial Auditorium Building August 18, 1981 i Item 1 The Board of Aldermen of the City of Wichita Falls, Texas, met in regular session on the above date in the Council Room of the Memorial Auditorium Building at 8:30 o'clock A.M. , with the following members present. Kenneth Hill Mayor Gene Shearman John W. Hampton Carol Russell Aldermen Curtis W. Smith James B. Thomas Horace 0. Boston Stuart Bach City Manager H. P. Hodge, Jr. City Attorney Wilma J. Thomas City Clerk Fred Werner Director of Finance The invocation was given by Alderman Smith. Item 2 Moved by Alderman Thomas that minutes of the meetings held July 31 , 1981 , and August 4, 1981 , be approved. Motion seconded by Alderman Boston, and carried unanimously. Item 3a Paul Latture, Executive Director of the Board of Commerce and Industry, gave a report on the convention and tourism program. There have been sixteen events which they have been directly responsible for. This represents 12,000 delegate days. No advertising was done this last year. They plan to visit with corporate executives in their home offices next year. They expect to spend about fifteen weeks doing this. There is a plan to cover several trade and travel shows next year in the West Texas area. They will coordinate housing and reservations. A registration booth and easel board are needed in the Activities Center. The Pioneer Bowl will be managed by the Convention and Tourism Bureau. They have mailed brochures of Wichita Falls to every port of entry in Texas, and also to the tourist bureaus. The crape myrtle logo is being promoted on all material of the Convention Center and Tourist Bureau. They have been involved with the Texas Association of Convention Members Bureau, the Discover Texas Association, the Texas Travel Council , and the West Texas Travel Council . They were also involved with the Week of Music and All America City-promotion. There are seven meetings already booked for 1982. Alderman Russell asked how the money stretched? Mr. Latture stated that it came out about right due to some of the trade-offs in travel , etc. In considering all things, he feels that the BCI and the City of Wichita Falls have had a very successful partnership this year. Alderman Thomas stated that he is agreeably surprised at what they have done. The quality of the brochures is excellent. Other Council members agreed. Item 3b Harold McEnroe, of the First Southwest Company, stated that nothing had changed in the bond market in the past few weeks. They do not see in the fore- seeable future (6 to 9 months) any appreciable improvement in the bond market. He recommends that they sell the bonds when they need the money. He presented proposed official statements on the general obligation bonds, revenue bonds , and certificates of obligation. i 103 Item 3b, cont'd. City Manager Stuart Bach stated that the Council would have the option of going with the capital improvement program or staying with the Certificates of Obligation. It might be better to delay the capital improvement program rather than strap the City with some pretty high bond payments. Mr. McEnroe recommended that we go to the rating services and get our rating, and take bids. Investors are not buyinglong-term investments because of the inflation factor. He recommended a fifteen year term instead of a twenty year schedule. They also plan to put in an eight year call on the bonds. Item 4a A proposed ordinance was presented authorizing the issuance of Certificates of Obligation. The amount would be $1 ,315,000. r ORDINANCE NO. 3814 ORDINANCE AUTHORIZING THE ISSUANCE OF CERTIFICATES OF OBLIGATION. Moved by Alderman Thomas that Ordinance No. 3814 be passed. Motion seconded by Alderman Shearman, and carried by the following vote. Ayes: Mayor Hill , Aldermen Shearman, Hampton, Russell , Smith, Thomas, and Boston Nays : None Item 5a A proposed resolution was presented approving and authorizing the City Manager to execute a depository agreement. RESOLUTION NO. 2831 RESOLUTION ACCEPTING PROPOSAL AND AUTHORIZING CITY MANAGER TO EXECUTE DEPOSITORY CONTRACT. WHEREAS, heretofore the City of Wichita Falls has advertised for proposals to act as depository of City funds for two years from October 1 , 1981 ; and, WHEREAS, three proposals were received, and it is found that the proposal of the City National Bank in Wichita Falls offers the most favorable terms and conditions for the handling of such funds. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY OF WICHITA FALLS, TEXAS, THAT: The proposal of the City National Bank in Wichita Falls to act as depository of City funds for a two year period beginning October, 1981 , is hereby accepted, and the City Manager is authorized to execute with such bank a depository contract, a copy of which is attached hereto, containing the terms and provisions of such proposal , with the variable rate on time deposits over $100,000. Moved by Alderman Shearman that Resolution No. 2831 be passed. Motion seconded by Alderman Smith. Lonny Morrison appeared as attorney for Parker Square Bank. It is clear that the fixed bid by Parker Square is the most attractive bid on that basis. The vari- able bid of City National Bank is better than Parker Square on that basis. He feels the Council would want to explore the two methods of variable and fixed rates. We are talking about a two-year period that does not start until October. In the bid form submitted by the City National Bank, the variable rate does have a minimum rate of return of ten percent. It is the 12.8 percent fixed bid versus ten percent variable. When the treasury bills change, they change rapidly. He mentioned drops of 39 to 40 percent in the treasury bill rates in six months time. What effect will the economic package coming out of Washington have? How much should we gamble with 104 Item 5a, cont'd. the City's funds? He feels this body should not be engaging in a speculation of what will happen with interest rates . He feels the bids of the three banks is the best evidence of what these bodies feel comfortable with what will happen with in- terest rates. If we get the kind of fall that occured in the early portion of this present contract, we will be talking about a half million dollars. Bruce Reeves appeared as Vice President of City National Bank. He stated that he does not know what will happen in the future. He feels what we need to talk about is averages. Over the last two years the treasury bill average on the coupon rate has averaged 13.9 percent, not counting compounding. Other rates for the past year were reviewed. Parker Square put a ceiling rate of 19 percent on their vari- able rate. The Wall Street Journal stated there is a feeling that interest rates will remain high. The First Southwest Company representative indicated that they feel the rates will remain high for the next six to nine months. The fixed rate bids were in the neighborhood of 8 percent at the last bid letting. The borrowing rate of the City was the best from City National Bank. Lonny Morrison stated that the City of Wichita Falls has made tremendous im- provement over the last six years in getting the bid form to compare apples to apples instead of apples to oranges, for the most part. He mentioned percentage of prime rate. This is the highest fixed rate bid offered to the City. Someone is trying to change the interest rates. He does not feel the citizens of Wichita Falls are particularly interested in variable rates. We are now on a plateau at this time. He has not heard anyone say that rates are going to take off to new highs. He feels the fixed rate is the best for the City of Wichita Falls at this time. Prime is 202 percent on today's market. Alderman Thomas stated that his thinking last time was that if he wanted to risk his money that was his own business, but if he wanted to risk the City's money he could not bring himself to do that. Mayor Hill agreed. Fred Werner, Director of Finance, stated that the average yield the City experienced at the highest rate of 15 percent has been averaged over the last 12 months. Alderman Thomas feels the fixed rate of 13.5 would be a better buy for the City. Alderman Shearman compared the variable rate and the fixed rate to the parable in the Bible about the steward. He feels it is in the best interest of the City to try to make money. Mayor Hill asked Mr. Werner how close he estimates these rates? Mr. Werner stated that 15 percent has been comparable over the last year. Alderman Smith felt they should go with the City National Bank bid. The motion was carried by the following vote. Ayes: Aldermen Shearman, Hampton, Russell , Smith, and Boston Nays : Mayor Hill and Alderman Thomas Item 6a A proposed resolution was presented for a change order on the contract for Wood Memorial Park play area. RESOLUTION NO. 2832 RESOLUTION APPROVING CHANGE ORDER NO. 2 TO CONTRACT WITH SCALES CONCRETE CONSTRUCTION CO. , INC. , FOR CONSTRUCTION OF CREATIVE PLAY AREA AT WOOD MEMORIAL PARK. WHEREAS, the City of Wichita Falls and Scales Concrete Construction Co. , Inc. , as contractor, entered into a contract dated June 9, 1981 , for the construction of creative play area at Wood Memorial Park; and, WHEREAS, the Board of Aldermen has determined that it is advisable to change such contract by adding additional concrete work which will provide twenty feet of wall extension and 320 square feet of walkway, which will increase the contract price by $1 ,156. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY OF WICHITA FALLS, TEXAS, THAT: I I 105 Item 6a, cont'd. Change Order No. 2 to the contract dated June 9, 1981 , with Scales Concrete Construction Co. , Inc. , embodying the above changes, which will increase the con- tract price by $1 ,156, is hereby approved, and the City Manager is authorized to execute the same for the City of Wichita Falls. Moved by Alderman Thomas that Resolution No. 2832 be passed. Motion seconded by Alderman Shearman. Alderman Thomas asked why this extra concrete was necessary? The City Manager stated that he asked the same question. It seems the walkway from the street to the play area would be beneficial . As the park is developed, the other walks would be added in another phase with the restrooms. Alderman Shearman thought back in April this year the contracts were authorized. He believes the Council and the citizens of Wichita Falls are both confused. Alderman Smith noted that all money donated for that park is being used in that park. In fact, the City has added some additional funds. The motion was carried by the following vote. Ayes: Mayor Hill , Aldermen Shearman, Hampton, Russell , Smith, Thomas, and Boston Nays: None Item 6b A proposed resolution was presented for a change order to the contract for remodeling the Municipal Airport terminal building. ✓ RESOLUTION NO. 2833 RESOLUTION APPROVING CHANGE ORDER NO. ONE (1 ) TO THE CONTRACT WITH C. D. GRAHAM CONSTRUCTION CO. FOR REMODEL OF MUNICIPAL AIRPORT TERMINAL BUILD- ING, PROJECT NO. 6-48-0227-07. THAT:BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY OF WICHITA FALLS, TEXAS, That certain Change Order No. 1 , a copy of which is attached hereto, to the contract with C. D. Graham Construction, Co. for the remodel of the Municipal Airport Terminal Building is hereby approved, and the City Manager is authorized to execute same for the City of Wichita Falls. Moved by Alderman Hampton that Resolution No. 2833 be passed. Motion seconded by Alderman Russell , and carried by the following vote. Ayes : Mayor Hill , Aldermen Shearman, Hampton, Russell , Smith, Thomas, and Boston Nays: None Item 7a A proposed resolution was presented awarding the bid for construction of the transfer station improvements. RESOLUTION NO. 2834 RESOLUTION AWARDING CONTRACT FOR THE CONSTRUCTION OF A SOLID WASTE TRANSFER STATION TO HAMBRICK-CRAIG CONSTRUCTION COMPANY, INC. WHEREAS, the City of Wichita Falls had advertised for bids for the construction of the solid waste transfer station; and, WHEREAS, five bids were received, and it is found that the bid of Hambrick- Craig Construction Company, Inc. in the amount of $1 ,949,900.00 is the lowest respon- sible bid. 106 Item 7a, cont'd. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY OF WICHITA FALLS, TEXAS, THAT: Said bid of Hambrick-Craig Construction Company, Inc in the amount of $1 ,949,900.00 is hereby accepted, and the City Manager is authorized to execute a contract with Hambrick-Craig Construction Company, Inc. for the construction of such improvement. Moved by Alderman Thomas that Resolution No. 2834 be passed. Motion seconded by Alderman Boston. City Manager Stuart Bach stated they will probably be coming back and asking for a change order to reduce this amount to about 1 .9 million. They are negotiat- ing to lease a portion of the property for the landfill from one of the owners. They have saved about $160,000 on this. The costs will about balance. They want to lease for ten years with an option to renew for another ten years. This land- fill can be expected to last 20-25 years. Alderman Hampton stated that we do not want to cut down appearances or quality on this transfer station. If we have to cut down, let's don't cut down on these things. City Attorney H. P. Hodge stated that the City was served yesterday by a law- suit filed in Travis County in which a group around the site of the transfer sta- tion have filed suit on the granting of the permit. It will be defended by us and the Attorney General 's office, who represents the Texas Department of Resources. It means we continue on a peril , so to speak. If the plaintiffs are successful , we would not have a permit. He feels our position is very strong, and he feels that our chances of prevailing are very strong. It is felt this could be disposed of on a preliminary motion in three to six weeks. If we prevail on this , the gamble of continuing with the project would be trivial . Ernest Lillard stated that a work order could be expected to be issued in 30 days. The contractor has 365 days for construction of the transfer station after the notice to construct has been given. The motion was carried by the following vote. Ayes : Mayor Hill , Aldermen Shearman, Hampton, Russell , Smith, Thomas , and Boston Nays : None Item 8a Mayor Hill asked what kind of penalty we have for people using parking spaces set aside for the handicapped? Police Chief Harrelson did not know of any. Mayor Hill requested the City Attorney to look into this in the state laws. Apparently we have nothing in the city ordinances. The Board of Aldermen adjourned at 10:03 A.M. PASSED AND APPROVED this day of 1981 . Mayor ATTEST: i ty Clerk DEPOSITORY CONTRACT This contract made and entered into this the day Of September, 1981 , between the City of Wichita Falls, Texas hereinafter called "City" , and the Cit ' y National Bank in Wichita Falls , hereinafter called "Bank" , WITNESSETH: For and in consideration of the mutual covenants con tained. herein, City and Bank do hereby agree that Bank shall serve as depository of City and maintain custody of the funds of City for a period of two years from October 1 1981 through September 30 , 1983 in accordance with the covenants and provisions contained in Bank ' s Proposal for Depository Contract including its Attachment to the Proposal for the Depository ' Contract, all of which are attached hereto and incorporated herein by reference. On time deposits over $100, 000 , Bank shall pay City the variable rate shown under Alternative No. 2 in Section III of the Attachment to the Proposal for the Depository Contract . IN WITNESS WHEREOF, the parties have caused this contract to be executed as of the day and year first stated abov e. CITY OF WICHITA FALLS , TEXAS BY: art A. Bach, City Manager ATTEST: City lerk CITY NATI AL BANK IN WICHITA FALLS BY: Joe N. Prothro, Pr sident ATTEST: r v NOTICE TO BANKING INSTITUTIONS WITHIN THE CITY OF WICHITA FALLS, TEXAS PROPOSAL FOR DEPOSITORY CONTRACT Notice is hereby given that the Governing hods of the City of Wichita Falls, Texas , subject to the provisions of Article 2559 to Article 2566A, Inclusive, Revised Civil Statutes of 'rexas , as amended, will receive Proposals from all interested banking Wichita Falls institutions within the City of to serve as prime depository of the City of Wichita Falls and maintain custody of all City hinds for a period of two years from October 1 , 1981 through September 30, 1983. Any such proposal shall be delivered to the office of the City Clerk in the Municipal Auditorium prior to 8:30 a.m. , July 27, 1981 . It is requested that each bank bid by filling in the blanks and agreeing to the following specifications . All blanks must be filled in for your bid to be properly evaluated. Please read exhibit "A" for terms defined for this proposal by the City of Wichita Falls, Texas. Each banking institution will be required to submit a bid based upon both a variable rate of return as well as a fixed rate of return. In addi- tion, specific services will be required from each banking institution at no cost to the City of Wichita Falls, Texas as listed. Other services may be charged to the City of Wichita Falls, Texas at amounts indicated in the proposal. Bidder agrees to secure all deposits by either, (a) Federal Deposit Insurance Corporation insurance or (b) the pledge of securities in the form of obligations of the United States Treasury, United States Govern- ment Agencies, the State of Texas, or political subdivisions of. the State of Texas . All collateral shall have a Moody's bond rating of AAA or better except for Texas Municipal Bonds which shall have a Moody's rating of A or better. These securities shall be valued at par or market value, whichever is lower. The value of securities offered will at all times be sufficient to fully secure all funds on deposit plus a minimum margin of 10%. The bidder also agrees to advise the City of Wichita Falls of the description, amounts and locations of securities pledged for these deposits, monthly. bids.The City of Wichita Falls reserves the right to reject any and all VARIABLE RATE BASIS Certificates of Deposit under $100,00.00 for periods of 30 through 90 days will be based upon the 13-week U. S. 'treasury Bill rate or estab- lished at the preceding week's Treasury Bill offering, adjusted to the coupon equivalent rate, and compounded daily on a 365-day basis . The mini- mum rates will be subject to Federal Reserve Bank Regulation Q, which may limit the interest rate that can be paid on Certificates of Deposit of less than $100,000.00. Certificates of Deposit greater than $ 100,000.00 will be based upon the 13 week U. S. Treasury Bill rate as established at the preceding week 's Treasury Bill offering, adjusted to the coupon equivalent rate, and compounded daily on a 365-day basis with a fixed minimum yield of 12% and fixed maximum of. 23%. FIXED RATE BASIS Certificates of Deposit under 5100,000.00 for Periods of 30 through 90 days, will be paid at a fixed rate per annum, compounded daily on 36v-day basis . a Certificates of Deposit of 5100,000,n0 or Wore will be paid at a fixed rate per annum, compounded daily on a 365-day basis . SAVINGS ACCOUNTS Savings .accounts will he ofEor,d for all City ,f Y,aata Fall; Accounts and will he paid in accordance with current K"inE Mul"tions compounded daily on a 365-day basis , SERVICES TO BE PROVIDED The following services will he provided at no charge: to the City of Wichita Falls Foreign and Domestic Exchang(2 Eire Transfer Services Night Depository Services Traveler's and Cashier's Checks Safe Deposit Boxes Coin Wrappers Handling Checks and Deposits Handling NSF Items and/or Debit-Credit Items Cremation Certificates on Bonds and Bond Coupons Handling Letters of Transfers P,( t ecn Accounts Counting and Depositing OF Parking Meter Collections and Bus Fares or Others as Required Checks and Deposit Slips That Conform to The City of Wichita Falls Specifications Statements on a monthly basis, as of the last day of the month, and a list of check numbers for those checks not le�ivi_ng the Accounts Payable and Payroll bank accounts during the month Quarterly statements for savings accounts Sort all checks paid during the month into check number sequence for each account Safekeeping service for securities owned by the City of Wichita Falls Lock bank bags as needed Temporary overdraft privileges not to exceed 48 hours as defined in Exhibit "A ' Daily balances of each account on request Stop payment orders Parking facilities OTHER SERVICES - CHARGEABLE Rate of Interest to be charged and and legal loan limit rate 56„ of Cite National Prime limit $2, 500,000 Rate of Interest to be charged on certificates of obligation rate 56,'�' of City National Prime limit S2, 5004000 Rate of Interest to be charged on tax warrants rate 562 of City National Prime Charges for Providing bond and Coupon Paying Various p �� services Other services the bank can offer Thv City of Wichita Falls reserves the rilgit to reject an), and all bids. EXHIBIT Notice to Clanking Institutuionn Withitt The City of Wichita Falls, Texas Definitions and Specifications Certificate of Deposit - any deposit with reference to which there is in force a contract, that neither the whole nor any part of such deposit may be withdrawn by check or otherwise prior to the expiration of the period of notice which must be given in eariting in advance of withdrawal. Savings Accounts - any deposit which will earn interest compn"nded on a daily basis of 365-days and can be transferred to a demand account withdrawn on demand. or Letter of Transfer - written authorization by Texas to "debit" or the City of Wichita Palls, "credit" the appropriate accounts listed on a form for the transfer of monies between accounts . Demand Account or Checking Account - any deposit payable on demand without inte�st being earned on the accountP P y Checks - All checks will be a three-part form, with the exception of ?4ytoll }1�_ch will be a one-part form, in the paper weight of Pound first copy and 16-pound for each additional copy. All checks will contain the appropriate MICR coding including the check number. Temporary Overdraft - overdrafts in demand accounts not to exceed 48 hours, Provided overdrafts in the aggretate do not exceed balances in other demand accocunts . The bank will notify the City of Wichita upon overdraft status. Other Services - any additional banking services that are not included in "Services to be Provided" or "Other Services Services" must be specifically listed and designated- Chargeable". "Other chargeable. as no charge or DEPOSITORY CONT"'RACT Or' THE CITY OT ,IC:IITA FALLS, TE;tir,D "VARIABLE RATE Dt1,SIS" The variable rate that each balli; ma to the "Coupon Equivalent Rate", Y offer Will be quoted , an ad ' quoted in the Mall Street F'or e::<uIp]_e, t;he "Coupon Equivalent R Ito t llcnt t Jotirn 'I Tun s d�-,.y Jul o I a te" as . Bill is 15.15 Each bank; — Y (, ] _- lOr the 13 ,;ceks Treasury rate in exc �� nJ insti tuGlon may „ub:"lit a bid auoti_ng a variable ess of this Coupon Equivalent Rate b• + to pay a rate of so r.Ian " �� f stating that they gill offer Rate" as stated in the �allaStreeoiJou in excess of the "Coupon Eauivalent na.1_ issued each Tuesday, Please chana-e t �� ire ,,crdin� of the second sentence n "Varies ^a I''--�is �O read az fcllo, s " tsld_r "Variable Tile massmum r -t to Reserve :Earl, t es ,gill be subject tO the Federal FeS��a�iOn 1, ,;hich may 1i2it ti'e interest rate that can be paid on Certificates Of Deposits less than $100,000.00 11.Certificates of Deposit 13 , eek U.S. mr seater ti e�_sury la.n : 100,000.00 Will be based upon the Bill o Bill rate as estabi4shed at offering, adjusted to the "Coupon he frecedinC 1,,eek's Trec.rury and co.,Dounded flail on a - au_i�ralent Rate" plus the Basis Points, 365-day basis. E�TIBIT " A rr Please `...,end the definition nition of "Sai"inis Acco �nt5 t V nl-s Accounus - ar_;- d�pv � o read as fol s_t �rhich :,ill ear. o:s basis of - n interesu compounded on a 36j-d ,s and car. be transfered to a demand account daily demand, it7 til proper notice to the b2nl-ink 1nSti LUtlOn, 1r1t Or ,:1thQ'a,}n 0- Pro-per '_'lease l?::e the 3-,ace protiided on this form for submittil-jjr. the "Z'ar; Rate Basis and file "Fired Rate basis". < Jle Vuriwbl� _;ate Basis r;xe Certificate of Dcresit tin icr ,;100,000.00 " SGE ATTnCWiE' T , r =tc'r thr n 100 r,000.00 srr Attachment to the Proposal- for the Depository Contract (cjr the City of Wichita Falls, '}'u;,i L• Savings Accounts We will pay the maximum rate currently allowed by Regulation Accounts maintained by the City. Such rate is 54% and will be compounded daily Q on a.11 Savings on a 365 day basis. P ded II, Time Deposits Under $100,000 (A) . We will pay Q of 1% over the rate on certificates of deposit of 26 e(c U. S. Treasury Bill discount 182 days after the date of deposit $10,000 or more having maturity of Tuesday and as of .July 21 was 15. 56% Such rate changes weekly on Fel la prohibit compounding of interest *on thesedera certific�ateSlons currently �B) • We will pay the maximum rate currently lion Q of the Federal Reserve System on all otherdtimeldeposits having a maturity of 14 days or more after the date of de upon written notice of a like number of da s, Payable able rate is 8%. We will compound interest dailyeonposit or allow- basis. y basis. III• Time Deposits Over $100,000: At the present time them• are no maximum rates prescribed o deposit of $100,000.00 n any time which may ,`ire. Such rates are dependent on conditions y exist from ti 10 time in the money markets and are further influenced by the maturily of the time deposit. Accordingly, we are offering the City two alternatives as re such deposits. quested on Alternative No. 1 - Fixed Rate We will pay the Cityfixed a g:ed rate of 12.60% interest per annum, com- pounded daily on time deposits written during the contract having a maturity date of 14 days or more after the Period and payable upon written notice date. of deposit or compounded daily on a 365-dayfbasiskwhich numhwiller fProvide Such rat 't of 13.43 ill be per annum' effective yield The advantage of such a fired rate is that it affords a definite sum income to the City which of can be used in budgetary g ' y projections. Alternative No. 2 - r _ ariable Rate . On time deposits having a maturity of 25 basis points 14 to 179 dabs, we will pay the City in excess of the U. S. Treasury bill discount rate�asuptateon duinathetldalle Street hJournal 13 week Page 2 City of Wichita Falls, Texas Depository Rid issued each Tuesday. On time deposits having a maturity City '�� of 180 to 365 days, we will Pay y 25 basis points in excess of the "Coupon Equivalent Rate" ofythe 26 weeks U. S. Treasury bill discount rate as stated in the Wall Street Journal issued each Tuesday. In the event that the rate as calculated above falls below 10.00%, then we will pay the City of Wichita Falls 10.00% on such time deposits. NOTE: In offering these Alternatives, only one ma and the Alternative chosen will become a y be chosen by the City two-year period. . part of the contract for the CHANGE Dititribulion to: ORDER OWNER ❑ ARCIIIII AIA Dncu,%1ENT G701 CONTRACTOR '[] FIELD ❑ OPIER ❑ PROJECT: Remodel, Wichita Falls Airport CHANGE ORDER NUMBER: One (name, address) Terminal Building INITIATION DATE: TO (Contractor): INITIATION C. Do G-^aham Ccnsto Co. , Ir,c W4:"�w""4S PROJECT NO: 6-48-0227-07 5202 Jacksboro Hwy. CONTRACT FOR: Wichita Falls, Texas 76302 General L___ CON 1 RAU1 DATE: 6 May, 1981 You are directed to make the following changes in this Contract: 1 . Change Disconnected for AC Units Nos. 1 and 4 from 100 to 200 Amp-, 2. Change the 3 pole circuit breakers for AC units Nos. 1 and 4 from 100 to 175 Amps. 3. Delete the "New Service Lateral, 4 #350 NICTA adjacent to ex- lstingo o o o o o o o o 11 , as noted On Sheet E-1 Of Plans. (Also re— ferred to as "New Set 4 #f350 MCti'I Cu. Cir cult. . 0 0 0 0 o 0 o o 1r , all Sheet E-2 of plans. 4. Install temporary service from pad mounted transformer across the street to the Airport Ter:,ninal B�zild.ing, remove the exist- ing PVC conduit (broken in-place ) and re- ,, I Embcd the two new .Schedule PVC underground conduit , below street, with a millimum of 4 inches of concrete above the tops of the conduits. Backfill with crushed limestone and patch paving with 4 inches of hot asphaltic concrete. (This work requires approximately 70 feet extra of 3 inch schedule 40 PVC conduit. ) -u1 ..II., ,_nLl .,uu In ,. .;) I:.. i. ,n:. . , . i.`,r,., ((:I. __—.._...__ _.—_�._�_ —__. •---- . . . . . . . . . . . . . . . . 5 185 ,316. 00 Net cl;,ur;c I;; I)r( �iou;;y ull,(ui;c(i-C=>u1;;c Ordcrr . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . —�—. 11w (Conlr..(t Sunii-GY. �.a�u:L .u� a :61.:,Ll�ii ;r this Clr,fnl;e Orcic; w'i, _.- -. . s 185 , 31 6. 00 The ((.Oniracl Sum) I(.�u:.rat�(:.t� .J:1L:y; ;•y,(,,,-f' ` kl I)e (ln!.r(mi,('& by li)iti Clumle O; I( r . . . . . . . . — . :-. . . . . . . . . . . . . . . . . .. . : . 521270 99 The new (Contract Sun)) ineludiny this Change Order wiil he . . . $ 1 90,443o q9 The Contract Time %%ill be (increased) by ( 10 ) Days. The Date of Substantial Comhlciion as of the (late of this Chan;;e Order therefore is 160 Calendar days AUIhUrj/ed: ARU Joe B. Roberts C. D. Graham Ccnsto Co. City of Wichita Falls `��Hb� Brook j tJack.,boro Hwy. (AN1 �01 ,sixth St. Addre's Ad(Ir( Address Wichita Fall,-,, Tex. Wichita Falls Tex. Wichita Falls, Tex. Bl' AIA DOCUkIENT G701 CIIAI:GE MDER APRII- !978 EDIIIO.." AIA'" • 1V;ti TtIE A.�1ERiCAN I�snrurE�)r ARctnn( rs, �;;; unv vORn Avr, s,.�� �r-��III.AGrl)V, D<: �runr� G701 —1973