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HomeMy WebLinkAboutOrdinance - 6795-1974 - Issuance $3,500,000, "City Of Lbk, TX, Certificates Of Obligation, Series 1974 - 01/21/1974ORDINANCE NO. 6795 AN ORDI~~NCE by the City Council of the City of Lubbock, Texas, authorizing the execution of co(ts t:ruction contrDcts f or the purpose of furnishing all plant, l abor, materials and equipment and the pe rforming of all t'l7ork re- quired for cons truc ting and equipping a civic ~ent e r to be kno\.·m a s Mem0 ria 1 Ci vic Cent er ; making provision for the payment of contrac- tual obligation bei ng incurred by the autho- rization of (a) cash payment and (b) t he issuance of $3 ,500,000 "CITY OF LUBBOCK, TEXAS , CERTIFICATES OF OBI.IGATION, SER IES 197L~11 dated January 15, 1974; appropriating current f unds of the City to pay the ba l a nc e of suc h contrac- tual obligations; providing for t he levy of a tax· for the pa ymen t of t he principa l and in- teres t on the certificates herein authocized as the same become due; providing the terms and conditions of such certificate s and t he procedures to be followed in the delivery of such certificates; enacting provisions incident and relating to the subject and purpose of tnis ordinance; and declaring an emergency. WHEREFORE, notice has heretofore been given of the City 1 s i.n - tent ion to let a contract for the furnishing .of all plant, l abor, ma terials and equipment and the performing of all work requirt2d in constructing a nd equipping a ci,Tic center to be known as Nen,lo :::-ial Civlc Ce nter and to is s ue up to $3,500,000 in pr.inci.pa 1 amount of certif i cates of obligation (payable from tax~tion) in pa yme nt of all cr a portion cf the contract price and the contractual ob l i gc tion to be incurred; and WHEREAS, said n~tice was duly ·published in a newspaper of general circula~ion int he City of Lubbock, Texas , on the 17th day of December, 1973, and the 24th day of De cember, 1973, the date of the first publication being fourteen (14) full days prior to· the date set for the receipt of bids and the date set for the passage of the ordinance authorizing the issu.ance of said certificates of obligation; and WHEREAS, the notice as issued and published provided bids for the contracts would be received until 12:00 o'clock noon on the 18th day of J a nuary, 1974, with the final a tvarding of sa id contracts pro- posed to be made on the 21st day of January, 1974; a nd WHEREAS, all bids submitted in response to said advertisements have been checked, examined and tabulated by The Architect's Group , the City's Architect for the project for which contracts a r e to be let, and said architect has reported to this Council that the best bid submitted is as follmvs: and WHEREAS, th~ said architect has recommended that the aforesaid proposal be accepted and tha t the following contract be executed by and bettveen this City and the lQwest and best bidder, to wit: AND, WHEREAS, it is hereby found and determined that the pro- posal submitted by said contractor tvas the lowest and best bid re- ceived for the construction of the improvements mentioned; tha~ sai bid was submitted in accordance with the plans and specifications prepared by the City1 s Architect for the project and in· compliance with the terms and conditions set forth in the notice to bidders a nd this Council hereby atvards the contract for the construction of said improvements to said c ontractor; and WHEREAS, it is further found and determined that no petition o any kind protesting the issuance of certificates of obligation in payment of all or a portion of said contractual obligations has been filed with the City Secretary, any member of this Council or any other official of the City; and WliEREAS, this Council is now authorized and empowered to pro- ceed with the awarding of said contract and providing for the pay - ment thereof; and WHEREAS, the awarding of the contract and making prov1s1on for i.ts payment tvithin the time specified in the bid documents constitu e this ordinance a measure for the immediate preservation of thE pub- lic peace, property, health and safety requiring this ordinance be adopted as an emergency measure; therefore BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK, TE..'I{AS: SECTION 1: That all of the findings or recitals contained in the preamble of this ordinance are hereby adopted as a part of' this ordinance and as a part of the judgment of this City Council and are now incorporated herein as though set forth at length as a part of this section. SECTION 2: That the contract set forth in the preamble hereo for the furnishing of all plant, labor, materials and equipment and the performing of all work required for constructing and equipping a civic center to be known as Memorial Civic Center is hereby appro - ed and the Mayor and City Secretary are hereby authorized and direc - ed to execute the same for and on behalf of the City and as the act and deed of said City and this Council. It is further found and determined that the payment and performance bonds submitted by said contractor, each in the full amount of said respective contract price, and each '<-Jritten by a responsible surety company authorized to do business in the State of Texas, are in proper form, have ·been duly executed and the same are hereby approved. SECTION 3: That for the purpose of p~ying a portion of the contractual obligations hereby incurred by the City for the furnish- ing of ~11 plant, labor, materials and equipment and the performing of all work required for constructing and equipping a civic center to be known as Memorial Civic Center, there shall be and there is hereby ordered to be i s sued under and by virtue of the Constitutio and laws of the State of Texas, particularly The Ce rtificate of Obli· gation Act of 1971, as amended, a series of certificates of obliga- tion of said City to be known as "CITY OF LUBBOCK, TEXAS, CERTIFICA OF OBLIGATION, SERIES 197411 , in the total principal amount of THRE MILLION, FIVE HUNDRED THOUSAND DOLLARS ($3,500,000). SECTION 4: That said certificates shall be dated January 15, 1974, shall be -numbered consecutively from One (1) through Three Thousand Five Hundred (3,500), shall each be in the denomination of One Thousand Dollars ($1,000); and shall become due and payable serially on January 15 in each of the years in accordance. with the following schedule: CERTIFICATE NUMBERS .. (All Inclus ive } YEAJi AMOUNr -- - 1 -175 1975 $ 175,000.00 176 -350 1976 175,000.00 351 -525 1977 175,000.00 526 -700 1978 175,000.00 701 -875 1979 175,000.00 876 -1050 1980 175,000.00 1051 -1225 1981 175,000.00 1226 -1400 1982 175,000.00 1401 -1575 1983 175,000.00 1576 -1750 1984 175,000.00 1751 -1925 1985 175,000.00 1926 -2100 1986 175,000.00 2101 -2275 1987 175,000.00 2276 -2450 1988 175,000.00 2451 -2625 1989 175,000.00 . 2626 -2800 1990 175,000.00 2801 -2975 1991 175,000.00 2976 -3150 1992 175,000.00 3151 -3325 1993 175,000.00 3326 -3500 1994 175,000.00 PROVIDED, HOWEVER, that the City reserves the right to redeem the certificates of said series, in whole or any part thereof, at any time after they become outstanding, at · the price of par and accrued interest to the date fixed for redemption; and PROVIDED FUR THER, that at least thirty (30) days prior to a date of any of said certificates are to be redeemed.,. a notice of redemption, signed by the City Secretary (specifying the serial numbers and amount of cer tificates to be redeemed) shall have been mailed, first class mail, to the Texas Commerce Bank, National Association, Lubbock, Texas; and should any certificate or certificates not be presented for redemption pursuant to such notice, the same shall cease to bear interest from and after the date so fixed for redemption. SECTION 5: as follo~vs: The certificates shall bear interest · from date Certificates maturing in each of the years 1975 through 1979 bear interest from their date to maturity at the rate of 5 5/8% per annum; Certificates maturing in each of the years 1980 through 1994 bear interest from their date to January 15, 1979 at the rate of 5 5/8% and thereafter (from January 15, 1979) to maturity at the rate of 6% per annum; such interest to be evidenced by attached coupons which shall repre sent the interest to become due on July 15, 1974, and semi annually thereafter on January 15 ~nd July 15 in each year. SECTION 6: Place of Pa~ent. Both principal of and interest on this issue of certificates shall be payable in lawful money of the United States of America, without exchange or collection charges to the owner or holder, at the TEXAS COMMERCE BANK, National Association, Lubbock, Texas, upon presentation and surrender of the certificates or proper coupons. SECTION 7: Execution of Cert~ficates and Coupo~s. The seal of said City may be impressed on each of said certificates, or, in the alternative, a facsimile of such seal may be printed on the said certific~tes. The certificates may be executed by the imprint- ed facsimile signatures of the Mayor and the manual signature of the City Secretary of the City. Interest coupons appurtenant to the certificates may be executed by the facsimile signature of the Mayor and City Secretary. Execution in such manner shall have the same effect as if such certificates and coupons had been signed by the Mayor and City Secretary in person by their manual signatures. SECTION 8: The certificates shall be in substantially the following form: I . $1,000 UNITED STATES OF AMERICA STATE OF TEXAS COUNTY OF LUBBOCK CITY OF LUBBOCK, TEXAS, CERTIFICATE OF OBLIGATION, SERIES 1974 THIS IS TO CERTIFY that, FOR VALUE RECEIVED, the City of Lubbock, a municipal corporation of the State of Texas, is ' justly indebted to and hereby obligates itself to pay to bearer on the FIFTEENTH DAY OF JANUARY, , the sum of ONE THOUSAND DOLLARS ($1,000) in lawful money of the United States of America, with !interest thereon from the date hereof to * -------- BOTH PRINCIPAL OF AND INTEREST ON this certificate are ereby made payable at the TEXAS COMMERCE BANK, National Associa- tion, Lubbock, Texas, without exchange or collection charges to the owner or holder. certificates "NOTE TO PRINTER: on I , rna turing in the years 197 5 through 1979 ·nsert: maturity at thec5AificRteJive and five eighths per centum (5-5/8%) per annum. On/ · · maturing in the year 1980 and subse- uent insert: January 15, 1979 at the rate of five and five-eighths er centum (5-5/8%) per annum, and thereafter to maturity at the ate of six per centum (6%) per annum. THIS CERTIFICATE IS one of a series of Three Thousand Five Hundred (3,500) certificates, numbered consecutively from One (1) through Three Thousand Five Hundred (3,500) each in denomination of One Thousand Dollars ($1,000), aggregating the princ i pal s um of THREE MILLION FIVE HUNDRED THOUSA~U DOLLARS ($3,500,000) issued for the purpose of paying a contractual obligation of the City in- curred for the construction of public works, to wit: the furnish- ing of all plant, labor, materials, and equip~nt, and the perform- ing of all work required for constructing and equipping a civic center to be known as Memorial Civic Center, under and by virtue o.t the Constitution and laws of the State of Texas, including The Certificate of Obligation Act of 1971, as amended, and in accord- ance with an ordinance duly passed and adopted by the City Council of the City of Lubbock, and of record in the Minutes of said City Council. AS SPECIFIED in the ordinance hereinabove mentioned, the City reserves the right to redee~all certificates of this series, in whole or any part thereof, at any time after they become outstand- ing, at the price of par and accrued interest to the date fixed for redemption; PROVIDED, HmoJEVER, that at least thirty {30) days prior to a date any of said certificates are to be redeemed, a notice of redemption, signed by the City Secretary (specifying the serial numbers and amount of certificates to be redeemed) shall have been mailed, first class mail, to the TEXAS COMMERCE BANK, NATIONAL ASSOCIATION, Lubbock, Texas; and should any certificate or c erti- ficates not be presented for redemption pursuant to such notices the same shall cease to bear interest from and after the date so fixed for redemption. IT IS HEREBY CERTIFIED, RECITED AND REPRESENTED that all acts, conditions and things required to be done precedent to and in the issuance of this certificate, and the series of which it is a part, have been properly done, have happened and have been performed in regular and due time, form and manner as required by law; that the contractual obligation to be paid with this certificate and the series of which it is a part was incurred in accordance with law. that the City has received full value and consideration for t-7ork performed pursuant to said contractual obligations prior to the issuance and delivery of this certificate; and that the total indebtedness of the City, including this certificate and the series of which it is a part, does not exceed any constitutional or statu tory limitation, and that a sufficient tax to pay the principal of and interest on this certificate and of the series of which it is a part at their respective maturities has been levied and tvill con tinue to be levied and collected and applied in payment thereof. IN TESTIMONY WHEREOF, the City of Lubbock, Texas, by its City Council has caused the seal of said City to be impressed or a facsimile thereof to be printed hereon, and this certificate to be executed with the imprinted facsimile signatures of the Mayor and the manual signature o£.the City Secretary and the h I certif1cates d . h h . coupons appurtena nt to sue ~o oe execute w1t t e 1m- printed facsimile signature of the Mayor and City Secretary of said City, as of the 15th day of January, 1974. COUNTERSIGNED: ~~YOR, City of Lubbock, Texas City Secretary,·City of Lubbock, Texas SECTION 9: Coupon form. The form of said interest coupons shall be substantially as follows: NO. ON THE FIFTEENTH DAY OF $ ____ -+- unless the certificate to which this coupon pertains has been p erly called for redemption in accordance with its terms, the CiTY OF LUBBOCK, a municipal corporation of the State of Texas, hereby promises to pay to bearer in la\vful money of the United States of America, without exchange or collection charges to the owner or holder, at the TEXAS COMMERCE BANK, NATIONAL ASSOCIATION, Lubbock, Texas, the sum of DOLLARS ------------------- ($ ), said sum being months' interest due that day on "CITY OF LUBBOCK, TEXAS, CERTIFICATES OF OBLIGATION, SERIES 197411 , dated January 15, 1974. City Secretary Mayor SECTION 10: That to provide for the payment of the debt service requirements on the certificates, being (i) the interest on said certificates and (ii) a sinking fund for their redemption t maturity or a sinking fund of 2% (whichever amount shall be gre.ate ) there shall be and there is hereby levied for the current year and each succeeding year thereafter while said certificates or interes thereon shall remain outstanding and unpaid, a sufficient tax on each one hundred dollars' valuation of taxable property in said Ci} adequate to pay such debt service requirements and full allmvance being made for delinquencies and costs of collection; ~aid tax sha 1 be assessed and collected each year and applied to the payment of said debt service requirements and same shall n~t be diverted to any other purpose. The taxes so levied shall be paid into a fund known as 11SPECIAL CITY OF LUBBOCK, TEXAS CERTIFICATES OF OBLIGAT FUND, SERIES 197411 , which is hereby established for the payment of the obligations herein authorized. The Council hereby declares its purpose and intent to provide and levy a tax legally and fully sufficient for such certificates, it having been determined that t existing and available taxing authority of the City for such purp is adequate to permit a legally sufficient tax ·in consideration of all other outstanding obligations. SECTION 11: The Mayor and City Secretary of the City shall , have joint custody and control over the certificates herein auth-' orized pending their delivery to the contractor. No certificates shall be delivered until: (a) the Architect {in writing) has approved the estimate of the contractor; (b) this governing body has approved the estimate and orde same paid; and (c) any coupons scheduled to mature before or on the date of the delivery of the certificates have been detached. Further orders are reserved until e.stimates are approved and sub- mitted to this Council. • SECTION 12: Nothing herein shall be construed as requiring the City to deliver certificates of obligation herein authorized should the City hereafter determine that it is to the bes t in- terest of the City to pay such contractual obligation out o f funds that may be then legally available for the purpose. SECTION 13: The public importance of this measure a_nd the fact that it is to the be st interest of the City to construct the improvements contemplated at the earliest possible date constitute and create an emergency and an urgent public_ necessity, requiring that the rule providing for ordinances to be read more than one . time or at more than one meeting of the City Council be suspended, and requiring that this ordinance be pa ssed and take effect as an emergency measure, and such rule is accordingly suspended and this ordinance is passed as an emergency rtreaStrre, and shall take effect and be in full force from and after its passage. PASSED AND APPROVED this the 21st day of January, 1974. Mayor, City of Lubbock, Texas ATTEST: Lubbock, Texas (CITY SEAL) . -- • STATUTORY PAYMENT BOND PURSUANT TO ARTICLE 5160 OF THE REVISED CIVIL STATUTES OF TEXAS AS AMENDED BY ACTS OF THE 56TH LEGISLATURE • 1959 ·(Penalty of this bond must be 100% of Contract amount) KNOW ALL MEN BY THESE PRESENTS, THAT, PAGE & WIRTZ CONSTRUCTION COMPANY . (he rei nafte r ca 11 ed the Pri nci pa 1 } , as P ri n ci pa 1 , andsAF ECO 1 NS URAN CE COMPANY OF .a~eRICA , a corporation organized and existing under the laws Of the State of wAsH r NGTON , with its pri nci pa 1 office in the City of SEATD e {hereinafter called the Surety), as Surety, are held and firmly bound unto CITY OF LUBBOCK {~he~rwe~i~na~f~t-e~r~c~a~1~1e~d~t-he--®~l,~'g_e_e~)-,~;-n-t~h-e-- -am_o_u_n7t-o~f~E-I_G_H_T_M--IL_L_I_O_N __ N_l_NE HUNDRED NINTY FOUR THOUSAND EIGHT HUNDRED Dollars,($ 8,994,852.00 }. for the payment whereof, the sa;a FIFTY TWO Principal and Surety bind themselves, and their heirs, administrators, executors, successors and assigns, jointly and severally, firmly by these presents. WHEREAS, the Principal has entered into a certain written con-tract with the Obligee, dated the 8 day of FEBRUARY , 191.'!• to CONSTRUCT I ON PART I-LUBBOCK MEMORIAL CENTER which contract is hereby referred to and made a part hereof as fully and to the same extent as if copied at length herein. NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCii, that if the said Principal shall pay all claimants supplying labor and material to him or a sub-contractor in the prosecution of the work provided for in said contract, then, this obligation shall be void; otherwise to remain in full force and effect. PROVIDED, HOWEVER, that this bond is executed pursuant to the provisions of Article 5160 of the Revised Civil Statutes of Texas as amen- ded by Acts of the 56th Legislature, 1959, and all liabilities on this bond to all such claimants shall be determined in accordance with the provisions of said Article to the same extent as if it were copied at length herein. IN WITNESS WHEREOF, the said Principal and Surety have signed and sealed this instrument this 8 day of FEBRUARY , 1974. ~oved as to form: PAGE & WIRTZ CONSTRUCTION COMPANY ~~&h. l0~ .\J·S? (Seal) 6 ~ SAFECO lflSUPJiNC CCiJPAHY Of ri.;~J~~ '*BY: Page 1 (Attorney in Fact) RICHARD T. LAUER Payment Bond 8-8 The undersigned Surety company represents that it is duly qual- ified to do business in Texas, and hereby designates JIM FINLEY & ASSOCIATES INSURAN<ae agent resident in Lubbock County to whom any requisite notices m~ be delivered and on whom service of process may be h~d in matters arising out of such Suretyship. SAFECD JtlSURAtlCE C361PACY Of AMIRJC.~ *Bv :_ ..... ~~p:::;;:l==re;r.::t=y=-__...Z'"'-l.p~L~=..;·;...;._ (Attorney in fact) Rl CHARD T . LAUER *Note: If signed by an officer of the Surety Company there must be on file with the city of lubbock~ Texas a certified extract from the by-laws showing that this person has authority to sign such obligation. If signed by an Attorney in Fact, the City of lubbock, Texas must have a copy of power of attorney. Page 2 Pa.vm;~~ Bon~ ,. ... -1. .. STATUTORY PERFORMANCE BOND PERSUANT TO ARTICLE 5160 OF THE REVISED CIVIL STATUTES OF TEXAS AS AMENDED BY ACTS OF THE 56TH LEGISLATURE, ~59 (Penalty of this bond must be lOO% of contract amount) KNOW All MEN BY THESE PRESENTS, THAT, PAGE & WIRTZ CONSTRUCTION COMPANY (hereinafter called the Principal), as Principal, and SAFE;CO INSURANCE c~PAMY f* AMER rCA a corporati on organized and existing un er the aws of the State of WASHINGTON • with its princi- pal office in the City of SEAITI E (hereinafter called the Surety), as Surety, are he1d and firmly bound unto CITY OF LUBBOCK {her~inafter called the Obligee), in the amount of EIGHT MILLION NINE HUNDRED NINTY FOUR THOUSAND EIGHT HUNDfcER ~I FTY TWO ~NO N0/0011 ars, 8 4 8 2. 0 0 , or t e payment w ereof, the said Principa an Surety _ in t emse ves, ·and their heirs, administrators , executors, successors And assigns, joint- ly and severally, finm1y by these presents . WHEREAS, the Pri nci pa 1 has entered in to a certain written con- tract with the Obligee, dated the s day of FEBRUARY 19z.!t., to CONSTRUCTION PART 1 -LUBBOCK MEMORIAL CENTER which contract is hereby referred to and made a part hereof as fully and to the s arne extent as if copied at length herein . NOW, THEREFORE, THE CONDITION OF THIS· OBLIGATigN IS SUCH, that ff the said Principal shall faithfully perfonm the wort in accordance with the plans, specifications and contract documents, ~hen this obliga- tion shall be void, otherwise to remain in full force aad effect, PROVIDED, HOWEVER, that this bond is executed 1persuant to the provisions of Article 5160 of the Revised Civil Statutes of Texas as amended by Acts of the 56th legisl ature, 1959, and all l~abilities on this bond shall be determined in accordanc~ with the p~Nisions of said Arti c 1 e to the s arne extent .as i f it were copied at 1 englih herein IN WITNESS WHEREOF, the said Principal and s·amety have signed and sealed this instrument this a day of !FEBRUARY , l9n . • PAGE & WIRTZ CONSTRUCVION COMPANY ~ ~ • ~ \ ~-\~ \t.R {Seal) SAFE CO COMPAJNY OF A A *BV: ?..~ (Attorney in Fmct) RICHARD T . LAUER Page 1 ·Per~mrmance Bond B-6 . The undersigned Surety company represents that it is duly qual- ified to do business in Texas, and h.ereby designates .1 TM FINLEY & A~SOCIATES INS. an agent resident in Lubbock County to whom any requ site notices may be delivered and on whom service of process m~ be had in matters arising out of such Suretyship. *BY: ~:u:t~ ~ ~7~-=- (Attorney in Fact) Rl CHARD T. LAUER *Note: If signed by an officer of the Surety Company there must be on file with the city of Lubbock, Texas a certified extract from the by-laws showing that this person has authority to sign such obligation. If signed by an Attorney in Fact, the City of Lubbock, Texas must have a copy of power of attorney. Page 2 Performance Bond 8-7 ·~ SAFECO INSURANCE COMPANY OF AMERICA GENERAL INSURANCE COMPANY OF AMERICA HOME OFFICE: 4347 BROOKLYN AVE. N.E .• SEATTLE. WASHINGTON 98105 • POWER OF A ITORNEY 3502 No. __________ _ KNOW ALL MEN BY THESE PRESENTS: That General Insurance Company of America and Safeco Insurance Company of America, each a Washington corporation, does each hereby appoint -------------------------RICHARD T. LAUER, Labbock, Texas--------------------------- its true and lawful attomey(s)-in-fact, with full authority to execute on its behalf fidelity and surety bonds or undertakings and other documents of a similar character issued in the course of its business, and to bind the respective company thereby. IN WITNESS WHEREOF, General Insurance Company of America and Safeco Insurance Company of America have each executed and attested these presents this ____ 6_t _h ___ day of ___ .J_a_n_u_a_ry...;__ _____ , 1 Cl'--_7_2_ ·cERTIFICATE Extract from Article VI, Section 12, of the By-Laws of General Insurance Company of America and of SAFECO Insurance Company of America: "Article VI, Section 12,-FIOEUTY AND SURETY BONDS ... the President, any Vice President, and the Secretary shall each have authority to appoint individuals as attorneys-in-fact or under other appropriate titles with authority to execute on behalf of the company fidelity and surety bonds and other documents of similar character issued by the company in the course of its business ... On any instrument making or evidencing such appointment, the signatures may be affixed by facsimile. On any instrument conferring such authority or on any bond or undertaking of the company, the seal, or a facsimile thereof, may be impressed or affixed or in any other manner reproduced; provided, however, that the seal shaU not be necessary to the validity of any such instrument or undertaking." Extract from a Resolution of the Board of Directors of General Insurance Company of America and of SAFECO Insurance Company of America adopted July 28, 1970: "On any certificate executed by the Secretary or an assistant secretary of the Company setting out, (i) The provisions of Article Vl, Section 12 of the By-Laws, and (ii) A copy of the power-of-attorney appointment, executed pursuant thereto, and (iii) Certifying that said power-of-attorney appointment is in full force and effect, the signature of the certifying officer may be by facsimile, and the seal of the Company may be a facsimile thereof." I, Wm. Hammersla, Vice President and ·secretary of General Insurance Company of America and of SAFECO Insurance Company of America, do hereby certify that the foregoing extracts of the By-Laws and of a Resolution of the Board of Directors of these corporations, and of a Power-of-Attorney issued pursuant thereto, are true and correct, and that both the By-Laws, the :Resolution and the Power-of-Attorney are still in full force and effect. IN WITNESS WHEREOF, I have hereunto set my hand and afftxed the facsimile seal of each corporation this __ _,8..._ ___ day of FEBRUARY '19 ..1..!!_. ~~a_/ W.O HI\ .. MEASLA. UCAETARY UFE&CASUALTY · To ~ The A:tna Casualty and Surety Company ~ The Standard Fire Insurance Company Hartford, Connecticut CITY OF LUBBOCK LUBBOCK, TEXAS • Date 2/8/7'+ Gentlemen: This is to certify that insurance policies, subject to their terms, conditions and exclusions, are at present In force in the Company indicated above by ~ , as follows: Name of Insured C<Nering KIND OF INSURANCE Workmen's Compensation PAGE & WIRTZ CONSTRUCTION COMPANY BOX 2570, AMARILLO, TEXAS 79105 LUBBOCK MEMORIAL CENTER LIMITS OF LIABILITY Each Person Each Occurrence Aggregate .., .. POLICY NO. EFFECTIVE 60C950287 -~ CPS 1/1/74 Manufacturers' & Contractors' ·' -~~ .... ..,. ' .. Bodily Injury Liability Property Damage Liability Owners' or Contractors· Protective Bodily Injury Liability Property Damage liability Comprehensive Automobile Bodily Injury Liability Property Damage Liability Comprehensive General Bodily Injury Liability Property Damage Liability Bodily Injury Liability Property Damage Liability EXCESS LIABILITY ' ·~ • ~'i _i .~. :_,_ ., $ ,000 • $ .000 $ ,000 .. L ,000 . <· .000 $ ,000 .. ,· r·, , ""'"'7'#'~~ ' '.C,.. ~ '!' $ 1 0 0 ,000 $ 3 0 0 ,000 60 AL193 841 CNN $ 50 .000 .. .. I------·I-S-~3:....0:....0~.ooo--1~S--3:....0.;_0:.....:..,000--f6 0 AL 19 3 841 CNN so .000 $ 1&0 ,000 s ,000 $ ,000 $ ,000 $ .000 $ ,000 1/1/74 1/1/74 ~,000,000 2,000,000 60XS515WCA 1/1/74 EXPIRATION 1/1/75 1/1/75 1/1/75 1/1/75 AT. 273562 PRINTED IN U.S.A. • Attachment To Addendum No.4, Item No.5 I GENERAL CONSTRUCTION -.PART I 1 December 14, 1973 TOTAL COMBINED PARTS I, II AND III BID PROPOSAL SUMMARY GENERAL CONSTRUCTION In accordance with the requirements of the INSTRUCTIONS TO BIDDERS, PART I - LUPqOCK MEMORIAL CENTER, the following is an accurate tabulation of the BASE PROPOSALS for the construction and completion of PART I -LUBBOCK MEMORIAL CENTER and Project Improvements, PARTS II and III, ~~morial Center Complex, Urban Rene~al Project Tex. R-138(c), including Mechanical Work, Electrical Work, and Elevator Work, as described in the Contract Documents. (Amounts shall be shown in figures only. In case of discrepancy between the amounts shown on this Bid Proposal Summary and the amounts shown on the re- spective Bid Proposal forms, the amount shown in words on the respective Bid Proposal form will govern.) PART I -LUBBOCK MEMORIAL CENTER BASE PROPOSAL: PART II-Project Improvements, Tex. R-138{c) BASE PROPOSAL: PART III-Project Improvements, Tex. R-138(c) BASE PROPOSAL: PART I and PARTS II AND III TOTAL COftBINEO BASE PROPOSAL: (Refer to 5-e, Instruction to Bidders PART I -Lubbock Mem- orial Center) Date January 18, 1974 $ ~ Q \ ~ """L ~)... ..::s: I I 0<-. $ __ 'L.::::·:....-I:...~~G~.::~,___'?>~' -~:>3>....ot---- (.•f' $ __ ~\~~~~~··~~~~~,~C-·~(-~·\~~-- PAGE & WIRTZ CONSTRUCTION CO. Name of Bidder . ,,,. ...... .' NON-COLLUSION AFFIDAVIT OF PRIME BIDDER I • State of __ ......;;;T-e.,.x_a_s _______ ) County of ___ L_u_b_b_o_c_k _____ ) Jack Wirtz , being first duly sworn, deposes and says that: -----------~---------------- (1) He is officer of ---------(owner, partner. officer, representative, or agent) Page & Wirtz Constr. Co, the Bidder that has submitted the atta<''ned Bid: (~) He is fully informed respecting the preparatl.on and contents of the attached B\d and of all pertinent circumstances respecting such Bid: (3) Such Bid is genuine and is not a collusive or sham Bid; (4) Neither the said Bidder nor any of its officers, partners, owners, agents, representatives, employees or parties in interest, including this affiant, has in any way colluded, conspired, connived or agreed, directly or indirectly with any other Bidder, firm or person to submit a collusive or sham Bid in connection with the Contract for which the attached Bid has been submitted or to refrain from bidding in connection with such Contract, or has in any manner, directly or indirectly, sought by agreement or collusion or communication or conference wi.th any other Bidder, firm or person to fix the price or priC"es in the attached Bid or to secure through any collusion. conspiracy, connivance or unlawful agreement any advan- tage against the Lubbock Urban Renewal Agency or any person interested in the proposed Contract; and (5) The price or prices quoted in the attached Bid are fair and proper and are not tainted by any collusion. conspiracy. connivance or unlawful agreement on the -part of the Bidder or any of its agents, representatives. owners, employees. or parties in interest~ including this affiant. Subscribed and sworn to before me this 18th day of January 1974 • 4~~ Notary Puhljc Title My Commission Expires 6-1-75 (Signed) _ __:~~~S.:a..::~o~~~\,::::~~~')-..£~~~~-- (Title) v2ce President --~---------------------------- B-7A ~ '. l Attachment To Addendum No.4, Item No.3 GENERAL CONSTRUCTION-PART I December 14, 1973 BID FOR PART I -LUBBOCK MEMORIAL CENTER GENERAL CONSTRUCTION To the City of Lubbock, Texas, Box 2000, lubbock, Texas 79401 Gentlemen: 1. ·The undersigned, having familiarized. ____ i_t_s_e_l_f _____ _ (himself)(themselves)(itself) with the existing conditions of the Project Area affecting the cost of the work, and with the Contract Documents (which includes Invitation for Bids, Instruc- tion to Bidders, Addenda {if any) General Conditions, Special Conditions, Tech- nical Specifications, Drawings, (as listed in the Schedule of Drawings) and form of Surety Bonds: as prepared by the Architects Group, Architects and Engineers, and on file in the office of 11The Architects Group" and the City of Lubbock, Texas~ hereby proposed to furnish all supervision, technical person- nel, labor, materials, machinery, tools appurtenances , equipment, and services including utility and transportation services and all Mechanical Work, Electri- cal Work and Elevator Work required to construct and complete PART I -LUBBOCK MEMORIAL CENTER all in accordance with the above listed documents. The undersigned further agrees to commence work under this contract on a date to be specified in a written "Notice to Proceed" by the City of Lubbock and to fully complete PART I -LUBBOCK MEMORIAL CENTER within 1100 consecutive calen- dar days. The undersigned acknowledges receipt of the following addenda: 1 1 2 f 3 I and 4 1 5 1 6 8G-l I. . . BASE PROPOSAL: The undersigned agrees to furnish all supervision, technical personnel, labor, materials, machinery, tools appurtenances, equipment and services including utility and transportation services, Mechanical·work, Electrical Work and Elevator Work, as described in the Contract Documents, required to construct and complete PART I -LUBBOCK MEMORIAL CENTER for the sum of: (Amount shall be shown in both ~rords and figures. In case of discrepancy, the amount shown in words will govern). ATIENTION: THIS BASE PROPOSAL IS TO BE ENTERED ON THE '~TOTAL COMBINED PARTS I, II AND I! I BI 0 PROPOSAl SUMMARY FORM -GENERAL CONSTRUCTION" PROVI OED WITH PART I -lubbock Memorial Center BIDDING DOCUMENTS. THE HBIO PROPOSAL SUMMARY FORM" lHll BE THE BASIS FOR THE DETERMINATION OF LOW BID AND AWARD OF CONTRACT. (Refer to Instruction to Bidders). DEDUCTIVE ALTERNATE PROPOSALS: If the Alternates, as described in The GENERAL CONSTRUCTION SPECIFICATIONS FOR PART I -LUBBOCK MHilRIAl CENTER SECTION 10 ALTERNATES, are accepted, the following amounts shall be deducted from the BASE PROPOSAL: (An~unt shall be shown in both words and figures. In case of d;screpancy, the amount shown in words will govern). AlTERNATE No. 1 A~.: ... Add the sum of <f>ct.~e"'~'-~\~ -;'~o':!>~~ J ~ .. ..,. ~~ ~t-ca.6 Dollars ($ r(\ ,<coo oc ) AI.. TERNATE No. 2 Deduct the sum of £ 0'->~ \: "-'.o\:> ~~~ ~".. ~ ~ ~~~~~ .. Dollars($ 4,Ci>OO ~ J ALTERNATE No. 3 Deduct the sum of \"'-.:, s--"'s ....._ S: \ \lc:. '~'-1s,Q,~ J 0 -"=&., u.~~~ :E,;_R"'-\_...._. a~ Dollars ($ ~$ \$\ O~ ) i \ • . 8G-2 I. I AI.. TERNATE No. 4 ' Deduct the sum of ~'."e. \"'ousg.~ ~· .. ..,.._ \.\~""~ C'~~ ~\.s.f'~"-'5) .. , Dollars {$ S • '\\G. 0~ ) ' AL TERI4ATE No. 5 Deduct the sum of __ s..::..l.:!~ .. w:l>>--3'~'=>~'b~'-lt-S;o;Ls...~~~-___.S ... '..JI,o.JI,..._ ___ _ ~ ~-+-¢.;:-m:¢e Dollars ($ c. <.aaa 0~ ) ~~~~~~~------------~ , ALTERNATE No. 6 Deduct the sum of ~ ', ...... e~e.e-... \~ oo=,o......,_~. ALTERNATE No. 7 Deduct the sum of s~ -._-\'=',). ~\"s:., \b.o~-,s:;, .......... ~ 0~ S7:"-a-""-~ ~~~eb Dollars C$ G:.S, sao-) ' ALTERNATE No. 8 Deduct the sum of -~~~~u~e,'"""---.JL'....;;.'-:::::...::is>i!:i'WIIIL..-iO~a:::'=::~¢~__::~:_::_~ ~-.)...;::e..~--- -~~~"'~b~~:=...:~!oiii6-.. ______ ~Do11ars ($ ALTERNATE No. 9 Deduct the sum of 0 ~ \,.\"'>:Dw~S ~6 '\..... 5:>~5C\."">~ ()(:';) ____________ __,;;Dollars ( $ \C>C> .o~ t:::>-} ALTERNATE No. 10 • Deduct the sum of ------------------ -----------~Dollars($ \)~\e.~~ ) BG-3 I . I . • ALTERHATE No. 11 Deduct the sum of ------------------------------------- ----~-------..;;..;Do;;..;..l-....la~rs ($ ~ \e~ } ~US CONTRACTORS: The fo11owing subcontractors will be used for: Name of Subcontractor Amount MECHANICAL WORK 0. W. CHISUM COMPANY s \. ~(o "l..' soo ELECTRICAL WORK WATCO ELECTRIC COMPANY $ 1b",4'1S6 ELEVATOR WORK DOVER ELEVATOR, INC. $ ~IS'<\~+ UNIT PRICES: For changing quantities of work items from those indicated by the Contract Drawings, upon written instructions from the Architect, the following Unit Prices shall prevail: Kind of Work Un1 t of Measure Add Deduct - 1. Earth Excavation cu. yd. $20. $ 1. 75 2. Earth Fill cu. yd. $10. $ 1.50 3. Reinforcing Steel in Place Ton $600. $ 300. 4. Concrete in Place (Structural Concrete) a. 3000 psi cu. yd. $35. $ 20. b. 3500 psi cu. yd. $38. $ 20. c. 4000 psi cu. yd. $40. $ 20. d. 5000 psi cu . yd. $45. $ 20. e. Exposed Aggregate (Finish Type IV) cu. yd. $50. $ 30 BG-4 • I • Kind of Work Unit of Measure Add Deduct 5. Drilled Piers (Including Concrete, Reinf. and Casings) a. 18" shaft L.F. $2.20 $1.00 b. 24" shaft L.F. $3.30 $1.. so c. 30" shaft L.F. $5 .so $2.50 6. Structural Steel a. ASTM A-36 Ton $660. $200. b. ASTM A-36 Ton $715 .. $250. ~. Concrete Fonns for: a. Structural Concrete Sq. Ft. $3.00 $ .50 The above unit prices include all labor, materials, bailing, shoring removel, overhead, profit, insurance etc., to cover the finished work of the several kinds called for. Changes shall be processed in accordance with Article 12 of the General Conditions. In submitting this Bid, the Bidder agrees that his Bid may be held by the City of Lubbock, Texas for a period not to exceed ten (10) calendar days from the date of the opening of the Bids for the purpose of reviewing the Bids and in- vestigating the qualifications of Bidders prior to awarding the Contract . In submitting this Bid, the Bidder understands that the right is reserved by the City of Lubbock, Texas to reject any and all bids. If written notice of the acceptance of this Bid is mailed, telegraphed or delivered to the under- signed within three (3) days after the opening thereof, or at any time there- after before this Bid is withdrawin, the undersigned agrees to execute and de- liver an agreement in the prescribed form and furnish the required bond within ten (10) days after the Agreement is presented to him for signature. Security in the sum of 5% of bid amount Dollars ($ ) in the fonn of Bid Bond , 1s submitted herewith in accordance with the INSTRUCTIONS TO BIDDERS. BG-5 • I I I • If the bidder is awarded the contract. it is requested that intet~st-bearing certificates of obligation be delivered to him in payment of any an~unt your governing body detenmines is to be paid thereby, and the bidder now elects: not to (strike one) assi:n such certificates of obligation to the financial institution upon the receipt of the price of par flat (no accrued interest, only the principal amount of such certificates to be received). It is understood that such assign- ment is to be made without recourse within 30 days after the receipt of suth certificates by the Contractor. In the event no election is clearly shown, the City of Lubbock, Texas may assume this bidder elects to assign any certificates of obligation upon receipt of par flat (no accrued interest) or the bid may be rejected. - The Bidder is prepared to submit a financial statement upon request. Date _____ J_a_n_. __ 1_8_, ________ 197~ Official Address: PAGE & WIRTZ CONSTRUCTION CO. Name of Bidder By_~~~a..~~~'-·-.-.~_::. .. y,""'"""'k~~ -n:ck Wirtz O Title Vice-President ---------------------------- P .O. Box 10402, Lubbock, Texas 79408 1946 Avenue Q, Suite 209 BG-6 ·I BID BOND KNCII ALL MEN BY lliESE PRESENTS • that we the undersigned, PRINCIPAL, and ~,iFi.:,u J,;S Jf<Atiej:.: cu;,PAriY QF t,f;;k,rcA · · · · · , as SURETY are held and f1nnly bound unto The City of lubbock, Texas in the penal sum of F v r · 1 i ,, · ) Dollars, ($ <-aw u money of t e Un ted States. or the p~- ment o w 1 sum we and truly to be made, we bind ourse 1 ves , our heirs, executors, administrators, successors, and assigns jointly and severally. finmly by these presents. lHE CONDITION OF THIS OBLIGATION IS SUCH, that whereas the Principal has submitted the Accompanying Bid, dated J,.:.. .• Jt'~R r l v • 19_L.!L, for t>,.._~~T I Lu ~;l!O U·: i·IL.;,,;I-:.lJ-\L ~l..!!Tt-:1-· NOW, THEREFORE, if the Principal shall not withdraw said Bid within the period specified therein after the opening of the same, or, if no period be specified, within thirty (30) days after the said opening. and shall within the period specified therefor, or if no period be specified, with- in ten (10) days after the prescribed fonns are presented to him for sig- nature, enter into a written Contract with the City of Lubbock, Texas in accordance with the Bid as accepted, and give bond with good and suffi- cient surety or sureties, as may be required. for the faithful performance and proper fulfillment of such Contract; or in the event of the withdrawl of said Bid within the perio'd specified, or the failure to enter into such Contract and give such bond within the time specified, if the Principal shall pay the City of Lubbock, Texas the difference between the amount specified in said Bid and the amount for which the City of .lubbock, Texas may procure the required work or supplies or both, if the latter be in excess of the former, then the above obligation shall be void and of no effect, otherwise to remain in full force and virtue. IN WITNESS WHEREOF, the above-bounded parties have executed this instru- ment under their several seals this 1 ~. day of J.-. .•.• J ,r.l , 19 7~, , the same and corporate seal of each corporate party being hereto affixed and these presents signed by its undersigned representative, pur- suant to authority of its governing body. In presence of: -------=---r:--ro,._,.--:--~-.--........ --------{SEAL) (Individual Principal) Page 1 {Business Address) Bid Bond B-1 ! . ' I I I Attest: ___________ (SEAL) (Partnership) (Business Address) By: ____________ _ ~.J-r..,.~;;;,:t~~ahy'-~--=;•. -..R.;:~--..f< .... Y-~__,~iQ-· --p;,cr:. <;· ·"r(Q;z~~~~~r,P~l:c\~tf u .. 2:~ .. r 3803 39th Street ?.o. L~X l J 4 J ~ Lubbock, Texas 79413 Lui.>G(J.~l~, T ..:M:.~ (Business Address) k Affix By: C\. c...cln,; \.~~ Corporate J A ~~~r;: oseal Attest: -;;? :416.-'_ {lu~ I.J o... t<. T r • .,...,L ~~~{JL."'-r~ <,<+:;:;5 2"~ ::J f•·,..:...:.r L"'u..,vL. .. , TL ~,h;, Countersigned By:. ______________________ ___ _J COrporate Surety) Attorney-in-Fact, State of · · (Power-of-Attomey for person sfgntng for surety company must be attached to Bond.) Page 2 Bid Bond 8-2 CERTIFICATE AS TO CORPORATE PRINCIPAL I, :;L._,.,,11, T Joa;,U.; ·. , certify that I am the----- ---..;;.~'-J·_·rl_,_Jr..._·M_r ..... -._: ----·• Secretary of the Corporation named as Principal in the within bond; that __ J_H_c l_~·-·._fl_i,_T_'-= _______ • who signed the said bond on behalf of the Principal was then ;r '--·-Pr • .::.,-r ·..,r:;-.,· I of said corporation; that I know his signature , and his signature thereto is genuine ; and that said bond was duly signed, sealed. and attested to for and in behalf of said corporation by authority of this governing body. GL:...: ... T .iJi :~u .• Page 3 Bfd Bond 8-3 SAFECO INSURANCE COMPANY OF AMERICA GENERAL INSURANCE COMPANY OF AMERICA . IIOMI· f>ll ILl l\'l47 IJI100Kl 'II' I AVF.. N.f.., SEA TTU:, WASHINGTON 9810~ POWER OF ATTORNEY ')50 .. Nu. ____________________ __ KNOW ALL MEN 8Y THESE PRESENTS: Titat General Insurance Company of America and Safeco Insurance Company of America. e:u.:h a WashingtOn corpo~ation, does each hereby appoint its true and lawful attomey(s)·in-fact, with full authority to execute on its behalf fidelity and surety bonds or undenakings and other documents of a similar character issued in the course of its business, and to bind the respective company thereby. IN WITNESS WHEREOF, General Insurance Company of America and Safeco Insurance Company of America have each executed and attested these presents · 6th January 72 this ___________ day of _________________ , 19.<----- • 0.HMMlR$&.A, SECit&1'Aft'f' ------------------------------------------------------------------------------- ·cERTIFICATE Extract from Article Vl, Section 12, of the By·Laws of General Insurance Company of America and of SAFECO Insurance Company of America: "Article VI, Section 12, -FIDELITY AND SURETY BONDS ... the President, any Vice President, and the Secretary shdll each have authority to appoint individuals as attorneys·in-fact or under other appropriat~ titles with authority to el'ecute 011 behalf of the company fidelity and surety bonds and other documents of similar ~haracter issued by the company in the course of its business . -. On any instrument making or evidencing such appointment, the signatures may be affixed by facsimile. On any instrument conferring such authority or on any bond or und..:rtaking of the company, the seal, or a facsimile thereof, may be impressed or affixed or in any other manner reproduced: provided, however, that the seal shall not be necessary to the validity of any such instrument or undertaking." Extract from a Resolution of the Board of Directors of General Insurance Company of America and ofSAFECO Insurance Company of America adopted July 28. 1970: ''On any certificnte executed by the s~·cretary or an assistant secretary of the Company setting oul, (i) The provisions of Article VI. Section 12 of the By-laws, and (ii) A cupy of thl.' pnwer-of·atlorncy appointment, executed pursuant th~reto, and (iii) Certifying th;1t s:liu power-o f-attorney appointment is in full fore..: and effect, the signalurc uf the certifying olTiccr may be by facsimile, and the seal .,f the Company may be a facsimile thereof." I, Wm. lfammcrsla, Vice President and Secretary of General Insurance Company of America and or SAFECO Insurance Company of America, do hereby certify that the foregoing extracts of the By-Laws aud of a Resolution of the Board or Directors of these corpor.ttions, and of a Power-of-Attorney issued pursuant thereto, are true and corn:ct, and that both the 8y·Laws, the Resolution and the Power-of-Attorney are still in full force and effect. IN WITNESS WHEREOF, I have hereunto set my hand and afftxed the facsimile seal of each corporation th. 18 d f Ji~; .JAP.Y 19 7 4 1s ----'<...:..-----ay o __ ::...:...;::..:....::::..:....::....:.....:.-------, _. AGREEMENT BETWEEN THE OWNERS AND THE CONTRACTOR FOR PART I -LUBBOCK MEMORIAL CENTER AND PARTS II AND III -MEMORIAL CENTER COMPLEX, URBAN RENEWAL PROJECT TEX. R-138(C) This AGREEMENT made this 8th day of _FE~B..;...;RU.;;..;.AR...;;;:..;..Y _____ , 197 ...£._, by and beoveen PAGE AND WIRTZ CONSTRUCTION C<lv1PANY (a corporation organized and existing under the laws of the State of TEXAS ), {a-pal'tRet-ship-ee:rtSisting-ef ----------------------J (M-iadividttal-tFadiRg-as -----------------------r, (Strike out the two tenns not applicable) hereinafter called the "Contractor", and The City of Lubbock and the Urban Renewal Agency of the City of Lubbock, Texas, hereinafter called the "Owner" and the "Local Public Agency", respectively. WITNESSETH, that the Contractor and the Owner and the Local Public Agency for the consideration stated herein mutually agree as follows: ARTICLE I THE CONTRACT DOCUMENTS The executed contract documents for PART I -LUBBOCK NEMORIAL CENTER and PARTS I I and I I I -MEMORIAL CENTER COMPLEX, URBAN RENEWAL PROJECT TEX. R-138 (C) hereinafter called "PART I" and "PART I I" and "PART I I I" respectively, shall consist of the following: 1. This Agreement 2. Addenda for Part I, Part II and Part III 3. Invitation for Bids Part I, Part II and Part III 4. Instructions to Bidders Part I, Part II and Part III 5. Signed Copy of the Bid Part I, Part II and Part III 6. Conditions of the Contract (including but not limited to General Conditions, Parts I and II, General Conditions -AIA Document A201, and other Conditions) 7. Special Conditions Part I, Part II and Part III 8. Tedmical Specifications Part I, Part II and Part III 9. Drawings (as listed in the Schedule of Drawings) Part I, Part II This Agreement, together with other documents enumerated in this ARTICLE I, which said other documents are as fully a part of the Contract as if hereto attached or repeated herein. ARTICLE 2 THE WORK The Contractor shall perform all the work required by the Contract Dociunents for: PART I ITEMS I. Convention Complex Consisting of Banquet Hall -Kitchen, Exhibit Hall, Meeting Rooms, Theater, and other special purpose area, and including stairways, elevators, air conditioning, plumbing, landscaping, lighting and site development. II. Central Plant A seperate po1ver plant to serve the entire Memo rial Center Complex, including an existing Central Library facility on the site. PART I I ITEt<!S I. Two Level Enclosed Pedestrian Jvtall Including stairways, elevators, aluminum entrances, aluminum window walls, air conditioning, plumbing, decorative fountains and pools, planters, landscaping and lighting. II. Pedestrian Bridge and Misc.ellaneous Site Improvements Including walhvays, planters, sprinkler systems, landscaping and lighting. III. Entrance Plaza Including wal~vays, planters, decorative fountains and pools , sprinkler system, landscaping and lighting. PART III ITEMS I. Project Improvements Site clearance and grading, street paving, storm drainage system, sprinkler irrigation systems, plant material, water and se\-Ier lines, drinking fountains, side\~lks, planters, pools and fotmtains, and walkway lighting. ARTICLE 3 ARCHITECT AND ENGINEER The Architect for Part I of this project is The Architects Group . The 2 Engineer for Part II and Part III is Clifford Cason and Associates, Inc. ARTICLE 4 TIME OF COl-iMENCEMENT AND COMPLETION The work to be performed under this Contract shall be commenced on the 19th day of FEBRUARY , 197 4 and shall be completed on the 20th day of FEBRUARY , 197_7_, except for the following items: PART III Early completion on those "~ter lines, sewer lines, storm sewers, inlets, ~1oles, and paving as noted on the drawings and all other work requiring completion as required for proper and timely construction of the project. Liquidated damages have been established in the Contract Documents Part I~ Part II and Part III. Those damages for Part I are due and payable to the owner and Part II and Part III are due and payable to the Local Public Agency. ARTICLE S CONTRACT SU?vt 1. The Owner shall pay the Contractor for the perfonnance of lvork in Part I through (i) the issuance and delivery of Certificates of Obligation, ·in the manner set forth in Section 1, ~.39 of Part I, Special Conditions and (ii) in cash out of funds legally available for the purpose, either or both (as the governing body of the City may determine), subject to additions and deductions by Change Order as provided in the Conditions of the Contract, the Contract sum of: Eight Million Nine Hundred Ninet1 Four Thousand Part I Eight Hundred Fifty Two Dollars($8,994,852.00) The Owner has elected to accept Alternate No. 1: AUT~·fATION and Alternate No. 9; PROGRESS PAY?v!ENTS as set forth in Section lD - ALTERNATES -PART I of the technical specifications. 2. The Contractor has elected to assign any Certificates of Obligation issued and delivered to it in payment of part of the ~urk to be done and performed under this contract to the Texas Commerce Bank~ without recourse. PART I ITE~1S ARTICLE 6 PROGRESS PAYMENTS Based upon Applications for Payment submitted to the Architect by the Contractor and Certificates for Payment issued by the Architect the Owner shall make progress p~yments on account of the Contract Sum Part I to the Contractor as provided in .the Conditions of the Contract as follO\vs: . ~ --. . . . . On or about the 1st day of each month ninety percent (90%) of the proportion of the Contract Sum properly allocable to labor, materials, and equipment incorporated in the l~ork and ninety percent {90%) of the portion of the Contract Sum properly allocable to materials and equipment suitably stored at the site or at some other location agreed upon in writing by the ·parties, up to the 20th day of that month, less the aggregate of previous payments in each case; ana upon Substantial Completion of the entire Work, a sum sufficient to increase the total payments to one hundred percent (100%) of the Contract Sum, less such retainages as the Architect shall determine for all incomplete Work and unsettled claims. For protection of the 0,-m.er, ten percent (10%) of amount of each estimate lvill be retained by o~er until fifty percent (SO%) of value of work has been completed. No additional retainer, except as othenrise provided in Contract Documents will 'be 'vithheld after completion of fifty percent (SO%) of value of work. Retained percentage will be held until final completion and acceptance of Work. -----·· . ----· . .. . ·-----·-· Retained percentages herein provided for are to be retained and held for sole protection and benefit of Owner, and no other person, firm or corporation shall have or assert any lien, claims, right or priority herein, thereon, ~r thereto, or be entitled to receive any part thereof, except as herein ·I expressly provided. PART I I AND PART I I I ITE~lS Payments. to the Contractor shall be made by the Local Public Agency as set forth in the General Conditions Part I of the Contract Documents. PART I ITEMS ARTICLE 7 FINAL PAY~1ENT Final payment, constituting the entire lmpaid balance of the Contract Sum, shall be paid by the Owner to the Contractor thirty (30) days after Substantial Completion of the Work unless othenvise stipulated in the Certificate of Substantial Completion, provided the Work has been completed, the Contract fully performed, and a final Certificate for Payment has been issued by the Architect. PART I I AND PART I I I ITE?-1$ Final pa)~ent to the Contractor shall be made by the Local Public Agency as set forth in the Conditions of the Contract. 4 J IN WITNESS WHEREOF, the parties have caused this AGREE~1ENT to be executed in ten (10) original copies on the day and year first written above. (Seal) ATTEST: -~~~ (Seal) PAGE & WIRTZ CONSTRUCfiOi'.J CCMPANY Street 1946 Avenue Q, Suite 209 City Lubbock, Texas 79408 City of Lubbock, Owner Mayor Morris W. APPROVED AS TO LEGAL SUFFICIENCY ~-Urban Rene\<al Agency o Lubbock, Loca Pub i the City of . ency (Seal) APPROVED AS TO LEGAL SUFFICIENCY Local Public Agency Attorney 5