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HomeMy WebLinkAboutRES 74 125R 'E' "S' '0' 1 'U 'T' 'I' '0 N WHEREAS, the City of Beaumont and Gulf Coast Industrial Con- tractors, Inc. executed a certain contract for the paving of 23rd Street as a participation.project at a total contract price of One Hundred Twenty -Two Thousand and No/100 ($122,000.00) Dollars; and, WHEREAS, the City of Beaumont was to pay one-third (1/3) of the said construction cost and one-third of the engineering fee, said engineering fee not to exceed ten per cent (10a) of the construction cost; and, WHEREAS, the property owner has previously deposited with the City funds totaling Eighty -Nine Thousand Four Hundred Sixty -Six and 66/100 ($89,466.66) Dollars as its share in the participation project; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BEAUMONT: THAT the, City of Beaumont hereby accepts the completion of the afore- said contract in all particulars and further authorizes the final pay- ment by the City of Beaumont of Eighteen Thousand One Hundred One and No/100 ($18,101.00) Dollars to the contractor, Gulf Coast Industrial Contractors, Inc. and Two Thousand Eight Hundred Sixty -Two and 20/100 ($2,862.20) Dollars to Mr. Matt Racki, the Consulting Engineer, and further authorizes the refund to the property owner of the amount of Thirty -Five and 19/100 ($35.19) Dollars, which amount is equal to the excess deposited by the property owner over the sum necessary to pay the property owner's share of this participation project. PASSED BY THE CITY COUNCIL of the City of Beaumont this the day of , 1974. �, .Ppu'P'p -