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HomeMy WebLinkAbout2015-R-15 - Final Payment MSU IndustriesRESOLUTION NO. 2015- R-15 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF STEPHENVILLE, TEXAS, TO ACCEPT THE NORTH TRAIL LINK EXTENSION — CITY PARK AND AUTHORIZE FINAL PAYMENT TO MSU INDUSTRIES; FINDING AND DETERMINING THE MEETING AT WHICH THIS RESOLUTION WAS PASSED WAS OPEN TO THE PUBLIC AS REQUIRED BY LAW. WHEREAS, the City of Stephenville entered into a contract with MSU Industries with a final estimated total cost of $193,924.20; and WHEREAS, the actual work was completed at a total cost of $175,135.50 of which $153,310.95 has been previously paid to the contractor, leaving an amount due of $21,824.55; and WHEREAS, the City has received an executed Final Bills Paid Affidavit from the Contractor and a recommendation of final payment from the Engineer of Record. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF STEPHENVILLE, TEXAS, THAT; SECTION 1. The North Link Trail Extension is hereby accepted, and the City Administrator is authorized to make final payment to the contractor. SECTION 2. It is hereby officially found and determined the meeting which this resolution was passed was open to the public as required by law. PASSED AND APPROVED this the 61h day of October, 2015. Je K. eldon Il, M A Y O R ATTEST: Cindy L. St ord, City Secr##ry Patrick C. Bridges, City Administrator Reviewed Randy Thomas, City Atty Approved as to form and le ality