HomeMy WebLinkAboutRES 86-153 R E S O L U T I O N
WHEREAS, on September 20, 1983 City Council passed a
resolution awarding a bid to C & P Equipment Corporation for
Contract 16, Separation Sewers South in the amount of
$1 ,463,914. 35 ; and,
WHEREAS, in May, 1984, C & P Equipment Corporation
abandoned the project and it was subsequently assigned to Sterling
Utility Construction, Inc . on June 26, 1984 as agreed to by the
City of Beaumont and Union Indemnity Company of New York, C & P
Equipment Corporations' s surety company; and,
WHEREAS, Union Indemnity Company required the city to pay
them all monies owed to C & P Equipment Corporation and they would
pay all outstanding debts owed by the contractor; and,
WHEREAS, Union Indemnity Co . was placed in liquidation in
1985 before all claims had been settled and the City Attorney
recommends placing the $35,983.23 in an escrow account until a
court settlement is reached in Union Indemnity' s bankruptcy case;
and,
WHEREAS, Change Order No. 1 provides for the adjustment
of bid quantities to as-built quantities, adjusts the contract
price for necessary extra work items, increases the contract time
due to bad weather, establishes the project completion date,
provides for the escrow account for the $35,983 .23 and provides
for final payment of Five Hundred Dollars ( $500) to Sterling
Utility Construction, Inc;
NOVA, THEREFORE, BE IT RESOLVED BY THE
CITY COUNCIL OF THE CITY OF BEAUMONT:
THAT the City Manager be, and he is hereby, authorized to execute
Change Order No. 1 to the contract between Sterling Utility
Construction, Inc. and the City of Beaumont for Contract 16,
Separation Sewers South decreasing the amount of the contract to
$1 , 371, 653.77 and making final payment to Sterling Utility
Construction, Inc . in the amount of $500.
PASSED BY THE CITY COUNCIL of the City of Beaumont this
the day of /� .9, 1956.
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