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 Town Branch Commons Corridor Construction Project, Zone 2, increasing the Contract price by the sum of $161,290.82, changing the total Contract price from $20,193,934.98 to $20,355,225.80. [Mayor's Office, Peacher]
Summary
Authorization to execute Change Order No.1 with Pace Contracting for the Town Branch Commons Corridor Construction Project for work in Zone 2, increasing the Contract price by the sum of $161,290.82 from $20,193,934.98 to $20,355,225.80. Funds are Budgeted. (L0034-21) (Peacher/Scott)
Budgetary Implications: Yes
Advance Document Review:
Law: Yes, Completed by Brittany Smith, 12/15/2020
Risk Management: N/A
Fully Budgeted: Yes
Account Number: 3160-303202-3225-91715
This Fiscal Year Impact: $161,290.82
Annual Impact: $0
Project: TOWN_LEX_2016
Activity: CONSTRUCT
Budget Reference: 2016
Current Balance: $531,811.86
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 Town Branch Commons Corridor Construction Project, Zone 2, increasing the contract price by the sum of $161,290.82, and changing the total contract price from $20,193,934.98 to $20,355,225.80.
Section 2 - That an amount, not to exceed the sum of $161,290.82, be and hereby is approved for payment to Pace Contracting, LLC, from account #3160-303202-91715, pursuant to the terms of the Change Order No. One (1).
Section 3 --That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL: