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BAWA Resolution No. 2013-02 RFSOLU'FION NO. 2013-02 A RESOLUTION OF HIF BOARD OF DIRECTORS OF 911E BAY'FOWN ARFA WAFER At CHORITY AUTHORIZING A PARTIAL_ RELEASE OF REPAINAGE IN 'I7-1H AMOUNT OF SIXTY-I�N'O 111OUSA.ND T,IGIII" HUNDRED f-ORTYTIIREE: AND 47/100 DOLLARS ($62,843.A7) TO F&C CONSTRUCTION, INC. FOR THE BAWA POWER DISTRIBUTION SYSPEM PRO.IEC'f: AND PROVIDING FORTHF. EFFECTIVE DATE THBI2EOF. WHEREAS, BAWA conhacted with T&.0 Construction. Inc., for the BAWA Power Distribution Systc n Project(the"Project'): and W}-IERFAS,the constriction of the project is complete,except for minor punch list items;rind WHEREAS, since the completed portion of the Project is operational and acceptable, T&C Construction, Inc., has requested that the retainape for only the completed portion of the project be reduced fromr5% to 2.5% and WIiEREAS, due to the fact that the majority ofthe work.has been completed for some time, the Board of Directors of the Ba}tomi Area Water Aulhortly believes that such request should he granted; NOWT I IEREFORF BE If RESOLVED BY THE BOARD OF DIRECTORS OF THE BAYTOWN AREA WATER AU It[OR]TYi Section 1: "l hat the Board of Directors of the Baytown Area Water Authority hereto authorizes a parfial release of refainage in [he arnonnt of SIX"CY-'I'\VO`I'I It)CISAND BIGHT Nl1NDRED FORfY-TIIRFE AND 47!100 DOLLARS ($62;343A7) to T,&C Constivction, Inc., for the BAWA. Power Distribution System Project, Section 2: This resolution shall take effect immediately from and alter its passage by the Bond of Directors of the Baytown Area Water Authority. INTRODUCED, READ and PASSED, by the rff➢nnatoc vote of the Board of Directors of the Baytown:Arco Water Authoray this the 20' day nfMarch,2013. FIReanD AD BRh.'`nn LFY sw l n, P� dem IT -SC y LI,f[Ch_ 1,yX,asistan[ SccrvtarY APPROVED AS TO FORM: _. . ,AC'10 RA�IIRI /.,SR.,lien r I Counsel it h nlf ks'DA0. 1Qt :..1, r",