HomeMy WebLinkAbout3537RESOLUTION NO. 3 5 3 7
A RESOLUTION REDUCING THE RETAINED
PERCENTAGE FROM PERIODIC ESTIMATES
PAID TO THE CONTRACTOR FOR WASTE-
WATER TREATMENT PLANT IMPROVEMENTS,
CITY CONTRACT NO. 72 -38, EPA PROJECT
NO. WPC -COLO -308, CONTRACT NO. I
WHEREAS, the United States Environmental Protection Agency encourages and
now requires for new contracts that the retainage from construction contract periodic
payments be reduced from ten percent (10 %) to five percent (5 %) whenever fifty percent
(50 %) of construction work has been completed, and
WHEREAS, Robert Dougan Construction Company has completed fifty percent (50%)
of construction for Wastewater Treatment Plant Improvements, City Contract No, 72 -38,
EPA Project No. iNPC -COLO -308, Contract No. 1, and
WHEREAS, the contract for construction of said improvements dated January
11, 1974 does not make provision for reduction of retainage from ten percent (10%) to
five percent (5 %); now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, COLORADO, that:
SECTION 1.
After construction work completed equals and exceeds fifty percent (50%) of
the amount bid for work under said contract, the City shall retain a percentage of the
amount of each periodical estimate until final completion and acceptance by the City
of all work included in said contract. Percentage retained shall be five percent i5 %)
from the periods set forth herein.
"CT I ON 2
The Director of Public Works is hereby authorized and directed to comply with
the provisions of Section 1.
SECTION 3
With the exception of the provision which is changed by this resolution, all
terms and conditions of the original contract dated January 11, 1974, for said con-
struction shall remain In full force and effect.
SECTION 4
This Resolution shall become effective immediately upon passage.
INTRODUCED Ap 14 . 197
By BERT A. HEREFORD
Councilman
APPROVED (((��� ��-
• I 2 il•I. • ,
President of the Council
ATTEST:
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