02081971 Regular Meeting - Laserfiche WebLink

Home Browse Search

~ regular meeting, february 8, 1971 page four The second item for consideration concerned final payment to Action Utility, Inc., sub-contractor on the water and sewer project. George Consolidated, Inc. was the prime contractor. The Mayor explained that $34,377.70 was being held in escrow for Action Utility, Inc. since George Consolidated claimed it had back charges against Action. Attornies for Action requested payment of the $34,377,70, and had pre- sented an Indemnification Agreement in favor of the City to cover the amount. A balance sheet dated June 30,1970 accompanied the Agreement. A letter from the City Attorney recommending that Action be paid is attached. . 2/22/71 *,'11 . K:>'I,~ I,lo.ul It,at tile City lI<Cv~pt tl.e II.e1clftnificatlol, See correctionA!j' e.erne"t fl. Ol~ ,~.e.tio" Utilit" 1I1c, il. tl.e. affl6U/'lt af below'11~'_1 tl.6 cI611~'. $34,377.70. 'I, ,. nOIe.s aeeanaed the ~eti.en. ~ Mr. Ya, bl augk eM~1 esse~ Derne deubt ab6ut the ~iDdern of ", .."gwpti"g th8 ^srQQIIlQnt. ..1618 tQ the i'lreearie"'6 finsneial cenelitien ef maR) ee/'lstruetiBA fir~s ~t t~is time. On roll call, the following vote was recorded: I AYE: Flores, King, Smith, Zavesky NAY; Yarbrough The Mayor declared the motion carried, The Council recessed at 8:45 p.m., to reconvene at the call of the Mayor.. . / :;J/&~/~ // Hollis W. Sm1:fih'r;kl ~ ~~/i~ ~f4 Councilman Council an i?!% l;(zl:-? Councilman Councilman I .l ATTEST: ~O~~,n,~ City Secretary .. Mr', King moved that the City pay Action Utility, !nc. its I claim of $34,377.70, and accept the Indemnification Agree- ment in that amount. Mr. Flores seconded the motion. Mr. Yarbrough expressed some doubt about the wisdom of paying the claim, due to the precarious financial condit- ion of many construction firms at this time,