Title
A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to execute Change Order No. Five (5) to the Agreement with Pace Contracting for the Town Branch Commons Corridor Construction Project, increasing the Contract price by $160,969.18 and raising the total Contract price from $22,097,518.78 to $22,258,487.96, pending approval from the Ky. Transportation Cabinet. [Office of the Mayor, Peacher]
Summary
Authorization to execute Change Order No.5, with Pace Contracting, for the Town Branch Commons Corridor Construction Project for work in Zone 1, increasing the Contract price by the sum of $160,969.18 from $22,097,518.78 to $22,258,487.96 pending KYTC approval. Funds are Budgeted. (L0033-23) (Peacher/Scott)
Budgetary Implication: Yes
Advance Document Review:
Law: Yes, Completed by Evan Thompson, 1/6/2023
Risk Management: N/A
Fully Budgeted: Yes
Account Number: 3160-303202-3225-90313
This Fiscal Year Impact: $160,969.18
Annual Impact: $0
Project: TOWN_COM_2016
Activity: CONSTRUCT
Budget Reference: 2016
Current Balance: $194,595.81
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.
Five (5), which is attached hereto and incorporated herein by reference, to the Agreement with Pace Contracting, for the Town Branch Commons Corridor Construction Project, increasing the Contract price by $160,969.18 and raising the total Contract price from $22,097,518.78 to $22,258,487.96, pending approval from the Kentucky Transportation Cabinet.
Section 2 - That an amount, not to exceed the sum of $160,969.18, is hereby authorized for payment to Pace Contracting, from account # 3160-303202-3225-90313, pursuant to the terms of Change Order Five (5).
Section 3 - That this Resolution shall become effective on the date of its passage.
PASSED URB...
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