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Ordinance No. 2,575la ORDINANCE NO. 2575 8110 AN ORDINANCE AUTHORIZING FINAL PAYMENT TO FARRELL CONSTRUCTION COMPANY FOR THE MARKET STREET BRIDGE IMPROVEMENTS. WHEREAS, the City of Baytown contracted with Farrell Construction Company for the construction of the Market Street bridge improvements; and WHEREAS, the said construction, as provided for in the plans and specifications heretofore prepared by the Consulting Engineers, and as approved and adopted by the City Council, has been substantially completed in accordance with the terms and provisions of the aforesaid contract; and WHEREAS, the Consulting Engineers, in the manner pro- vided by the terms of the said contract and the plans and specifications thereof, have conditionally approved and accepted said work and improvements and have theretofore issued their Certificate of Substantial Completion and have certified same to the City Council and recommended that it conditionally accept and receive said work and improvements as constructed and substantially completed by the said Farrell Construction Company; and WHEREAS, the sum of Nine Hundred Seventy -Five Thousand One Hundred Thirty -Eight and 08/100 ($975,138.08) Dollars has heretofore been advanced to the contractor in partial payments under the provisions of the contract; and WHEREAS, City Council has determined that the pavement surface on the bridge is not in accordance with the contract and the plans and specifications thereof; and WHEREAS, City Council has determined that Eleven Thousand Seven Hundred and No /100 (:11,700.00) Dollars would adequately protect itself from loss on account of this defective work not remedied; NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN: Section 1: That the City Council hereby approves and accepts said work and im acceptance by contractor full satisfaction of the contractor that the said completed as provided in fore. provements conditioned upon the of the payment authorized herein as City's contract obligations to improvements have been substantially the plans and specifications there- Section 2: That final payment to the said Farrell Construction Company in the amount of One Hundred Eleven Thousand Eight Hundred Ninety -Six and 36/100 ($111,896.36) Dollars is authorized and directed as full, complete, and final payment for the value of all work performed and materials furnished under the terms of the agreement for the Market Street bridge improvements. Section 3: This ordinance shall take effect from and after its passage. INTRODUCED, READ, and PASSED by the affirmative vote of the City Council of the City of Baytown this 9th day of November , 1978. EMMETT 0. HUTTO, Mayor ATTEST: EILEEN P. HALL, City Clerk APPROVED: eek4l'.�_ BOUNDS, City Attorney -2-