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Ordinance No. 4,68570409 -4 ORDINANCE NO. 4685 AN ORDINANCE AUTHORIZING FINAL PAYMENT TO FAIRMONT INSURANCE COMPANY, SURETY FOR McCALL AND SONS CONSTRUCTION COMPANY, FOR CONSTRUCTION OF FIRE STATION NO. 4; APPROVING AN AGREEMENT BETWEEN FAIRMONT INSURANCE COMPANY AND THE CITY OF BAYTOWN CONCERNING VARIOUS ® CLAIMS; AND PROVIDING FOR THE EFFECTIVE DATE HEREOF. WHEREAS, the City of Baytown contracted with McCall and Sons Construction Company for the construction of Fire Station 4; and WHEREAS, all of the said work, as provided in the plans and specifications heretofore prepared by the Consulting Architect and as approved and adopted by City Council have been substantially completed in accordance with the terms and conditions of the aforesaid contract; and WHEREAS, the Consulting Architect in the manner provided by the terms of said contract and the plans and specifications thereof, has substantially approved and accepted the work and improvements, but has indicated that certain specific items be completed prior to final payment on said contract; and WHEREAS, the contractor is unable to complete the necessary ® work, and therefore Fairmont Insurance Company as surety has agreed to a reduction of the final payment by the City of Baytown to compensate the City for the listed items of uncompleted work and other disputed claims; and � 11 WHEREAS, the City of Baytown and Fairmont Insurance Company desire to enter into an agreement specifying the manner in which the unpaid balance on the contract will be divided between said parties; and WHEREAS, pursuant to this agreement there remains due and owing to Fairmont Insurance Company the amount of FIFTY -EIGHT THOUSAND SEVEN HUNDRED TEN AND N01100 ($58,710.00) DOLLARS; NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS: Section 1: That the City Council of the City of Baytown, Texas, hereby authorizes the City Manager and City Clerk to execute and attest to an agreement with Fairmont Insurance Company for the settlement of unfinished work claims concerning Fire Station No. 4, a copy of said agreement being attached hereto as "Exhibit A" and made a part of this ordinance for all intents and purposes. El E a 70409 -4a Section 2: That subject to the provisions of the attached agreement with Fairmont Insurance Company, the City Council hereby accepts and approves the construction of Fire Station No. 4, and finds and determines that all of the improvements have been completed as provided in the plans and specifications therefore, except as may be specifically provided in the attached agreement with Fairmont Insurance Company. Section 3: That the final payment to Fairmont Insurance Company, surety for McCall and Sons Construction Company, in the amount of FIFTY -EIGHT THOUSAND SEVEN HUNDRED TEN AND N01100 ($58,710.00) DOLLARS is hereby authorized. Section 4: This ordinance shall take effect immediately from and after its passage by the City Council of the City of Baytown. INTRODUCED, READ and PASSED by the affirmative vote of the City Council of the City of Baytown, this the 9th day of April, 1987. WUM—TT 0. HUTTO, Mayor 0 ATTEST: EILEEN P. HA L, City Clerk NDALL B. STRONG, C' Attorney C:1:18:9 El 11 11 El, 70409 -4b ® LETTER AGREEMENT ® Re: Fairmont Insurance Company Principal: McCall & Sons Construction Company Obligee: City of Baytown Bond No.: 6774 Project: Fire Station No. 4, Baytown, Texas The purpose of this letter is to outline the agreement reached between Fairmont Insurance Company and the City of Baytown, Texas, in connection with the above referenced project and bond. Fairmont Insurance Company (hereinafter "Fairmont ") and the City of Baytown, Texas, (hereinafter "Baytown ") hereby agree as follows: 1. The current balance in the referenced contract is $69,210.00. 2. Baytown shall backcharge the contract balance for $3,000.00 for defective tile work and $7,500.00 for liquidated damages and /or additional architectural fees incurred by Baytown. Fairmont consents to said backcharges. 3. The funds remaining after the backcharges are assessed, $58,710.00, shall paid to Fairmont contemporaneously with the execution of this letter agreement. 4. Fairmont's Payment Bond No. 6774 shall remain in full force and effect according to the terms contained therein. 5. Baytown releases Fairmont from any and all rights, claims, demands and /or causes of action which Baytown had, has or may have against Fairmont and its above referenced performance bond save and except claims, if any, which Baytown may be entitled to assert against McCall & Sons Construction, Inc., Fairmont and Fairmont's Performance Bond No. 6774 for warranty claims. 6. This letter agreement contains the entire agreement ® between the parties and supersedes any and all prior agreements, arrangements or understandings between the parties. EXHIBIT A .7 • 70409 -4c 7. It is understood and agreed that this letter agreement shall be governed by, construed and enforced in accordance with, and subject to, the laws of the State of Texas. ® AGREED TO AND ACCEPTED: CITY OF BAYTOWN COMPANY FRITZ LANHAM, City Manager ATTEST: EILEEN P. HALL, City Clerk K :2:9:3 El 1] C FAIRMONT INSURANCE COMPANY By: HIBiT A C] E�