Title
A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to execute Change Order No. Three (3) to the Agreement with Pace Contracting, LLC, for the Town Branch Commons Corridor Construction Project Zones 1-4, increasing the contract price by $1,042,942.57 and raising the total contract price from $20,877,417.00 to $21,920,359.57, pending approval from the Ky. Transportation Cabinet. [Mayor's Office, Peacher]
Summary
Authorization to execute Change Order No.3 with Pace Contracting for the Town Branch Commons Corridor Construction Project for work in Zones 1, 2, 3 and 4. Increasing the Contract price by the sum of $1,042,942.57 from $20,877,417 to $21,920,359.57 (a 4.76% increase from original Contract amount) pending KYTC approval. Funds are Budgeted. (L1073-21) (Peacher/Scott)
Budgetary Implications: Yes
Advance Document Review:
Law: Yes, Completed by Brittany Smith, 10/13/2021
Risk Management: N/A
Fully Budgeted: Yes
Account Number: 3160-303202-3225-90313 TOWN_COM_2016 $403,231.23
3160-303202-3225-91715 TOWN_LEX_2016 $176,154.42
3160-303202-3225-90313 TOWN_TGER_2017 $463,556.92
This Fiscal Year Impact: $1,042,942.57
Annual Impact: $0
Project: TOWN_COM_2016; TOWN_LEX_2016; TOWN_TGER_2017
Activity: CONSTRUCT
Budget Reference: 2016 and 2017
Current Balance: Fully Budgeted
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. Three (3), which is attached hereto and incorporated herein by reference, to the Agreement with Pace Contracting, LLC, for the Town Branch Commons Corridor Construction Project Zones 1-4, increasing the contract price by $1,042,942.57, and raising the total contract price from $20,877,417.00 to $21,920,359.57, pending approval from the Kentucky Transportation Cabinet.
Section 2 - That an amount, not to exceed the sum of $1,042,942.57, is hereby authorized for payment to Pace Contracting, LLC, from account # 3160-303202-3225-90313-2016-TOWN_COM_2016-CONSTRUCT ($403,231.23), account #3160-303202-3225-91715-2016-TOWN_LEX_2016-CONSTRUCT ($176,154.42), and #3160-303202-3225-90313-2017-TOWN-TGER_2017-CONSTRUCT ($463,556.92), pursuant to the terms of Change Order Three (3).
Section 3 - That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
______________________________
MAYOR
ATTEST:
________________________________
CLERK OF URBAN COUNTY COUNCIL
1073-21:BGS:X:\CASES\COMDEV\21-LE0001\LEG\00742125.DOCX