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Res 069-2004 5/18/2004RESOLUTION NO. _�Q D�) C)( J RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, ACCEPTING THE KICKAPOO DOWNTOWN AIRPARK TAXIWAY B CONSTRUCTION PROJECT (CWF 03 -25) AND AUTHORIZING FINAL PAYMENT TO JORDAN PAVING COMPANY, FINDING AND DETERMINING THAT THE MEETING AT WHICH THIS RESOLUTION WAS PASSED WAS OPEN TO THE PUBLIC AS REQUIRED BY LAW. WHEREAS, the City of Wichita Falls entered into a contract with Jordan Paving Company in the amount of $1,156,490.00; and WHEREAS, the actual work was completed for a total cost of $1,135,774.56, of which $1,078,985.84 has been previously paid to the contractor, leaving an amount due of $56,788.72; and WHEREAS, the contractor exceeded the allowable time period to complete the job by forty -four (44) days and as per the contract, liquidated damages in the amount of $500 per day, totaling $22,000.00, should be assessed making the final payment to the contractor $34,788.72, and WHEREAS, the City staff and the City's airport engineering consultant has inspected the work and found it to be acceptable. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, THAT SECTION 1. The Kickapoo Downtown Airpark Taxiway B Construction Project is hereby accepted, and the City Manager is authorized to make final payment to the contractor in the amount of $34,788.72. SECTIO 2. It is hereby officially found and determined that the meeting at which this resolution was passed was open to the public as required by law. PASSED AND APPROVED this the 18t' day of May, 2004. ATTEST � _ J City Clerk