Title
A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to execute Change Order No. One (1) to the Agreement with Pace Contracting, LLC, for the Fourth Street Corridor Enhancement and Legacy Trail Phase 3 Projects, increasing the Contract Price by the sum of $12,570 from $3,900,727 to $3,913,297. [Div. of Engineering, Burton]
Summary
Authorization to execute Change Order No. 1 with Pace Contracting for the Fourth Street Corridor Enhancement and Legacy Trail Phase 3 Projects increasing the amount by $12,570 from $3,900,727 to a new total of $3,913,297. Funds are Budgeted. (L0977-20) (Burton/Albright)
Budgetary Implications: Yes
Advance Document Review:
Law: Yes; Brittany Smith, 10/2/2020
Risk Management: NA
Fully Budgeted: Yes
Account Number: 2604-162101-1601-91714
This Fiscal Year Impact: $12,570
Annual Impact: $0
Project: FOURTH_ST_2017
Activity: SIDEWALK
Budget Reference: 2017
Current Balance: $19,451.53
Body
BE IT RESOLVED BY THE COUNCIL OF THE LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT:
Section 1 - That the Mayor, on behalf of the Lexington-Fayette Urban County Government, be and hereby is authorized and directed to execute Change Order No. One (1), which is attached hereto and incorporated herein by reference, to the Agreement with Pace Contracting, LLC, for the Fourth Street Corridor Enhancement and Legacy Trail Phase 3 Projects, increasing the Contract Price by the sum of $12,570.00 from $3,900,727.00 to $3,913,297.00.
Section 2 - That an amount not to exceed the sum of $12,570.00 be and hereby is approved for payment to Pace Contracting, LLC, from account #2604-162101-91714 pursuant to the terms of Change Order No. One (1).
Section 3 - That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
______________________________
MAYOR