HomeMy Public PortalAboutr 02:076No. 02-76 Date of Adoption February 7~ 2002
RESOLUTION APPROVING FINAL PAYMENT TO
MARVEC CONSTUCTION CORP./
TOWN CENTER REVITALIZATION PROJECT
WHEREAS, the Borough of Carteret and Marvec Construction Corp.
entered into a construction contract for the Carteret Town Center
Revitalization Project; and
WHEREAS, a dispute has arisen between the parties with reference to
the completion of certain construction items related to the project; and
WHEREAS, the Borough's Consulting Engineer for the project, Killam
Associates, has advised the Borough that there are two remaining items to
be addressed, namely certain accent lighting and various signage; and
WHEREAS, representatives of the Borough and Marvac Construction
have met to review the status of the project and have reached a proposed
resolution with regard to the outstanding project items which results in a
credit of $1,750.00 being given to the Borough against the contract price;
and
WHEREAS, the Borough Attorney has advised the Governing Body that a
settlement of this matter is reasonable in light of the nature of the items
in dispute and with costs associated with the potential litigation of this
matter; and
WHEREAS, in accordance with the parties agreement, Plarvac
Construction has submitted its final payment request for the project, and
NO. 02-~6 ~__ PAGE_ 2
the Borough Attorney has recommended the processing of the same for
payment.
NOW~ THEREFORE, BE IT RESOLVED by the Mayor and Council of the
Borough of Carteret as follows:
1. That the final payment request submitted by Marvac
Construction Corp. for the Carteret Town Center Revitalization
Project, a copy of which is attached hereto and made a part hereof,
reflecting an amended contract price of $451,492.82 and providing
for a final payment of $3,250.00, in accordance with the agreement
reached between the parties, is hereby approved for payment.
2. That the appropriate Borough officials are hereby authorized
and directed to process for payment the attached final payment
request submitted by Marvac Construction Corp.
3. That a copy of this resolution be forwarded to John Riggio,
UEZ Coordinator, and the Purchasing Department.
Adopted this 7th day of February, 2002
and certified as a true copy of the
original on February 8, 2002.
KATHLEEN M. BARNEY
Hunicipal Clerk
COUNCILMAN
p&I~T.~T
X * Indicate Vole
RECORD OF COUNCIL VOTE
AB- Absent NV - Not Voling
XOR - Indicates Vole to Overrule Veto
Adopted at a meeting of the Municipal Council
.THLEEN M.
,.fllNICI.I~AL CLERK_. -'.
DaEe: FEBRUARY ?, 2002
TO:
Patrick DeBlasio,
Treasurer
Borough of Carteret
KEQUEST FOR CERTIFICATION OF AVAILABLE FUNDS:
For: FINAL PAYMENT OF $3,250.00 MARVEC CONSTRUCTION CORP.
RE: TOWN CENTER REVITALIZATION PROJECT
Name of Account: RESOLUTION #02-76
AMOUNT TO BE ENCUMBERED~ $3,250.00
KATHLEEN M. BARNEY,
Municipal Clerk
CERTIFICATION OF. AVAILABILITY OF FUNDS
I, Treasurer of the Borough of Carteret, do hereby certify that
there are sufficient funds available in the current budget to
enable the Municipal Council to authorize the entering into a
Contract between the Borough of Carteret and:
The funds available-for this contract are in the Budget, in the
account of:
in the amount of: ff~'~5'~,:,~
By this eer'~ification, I have hereby encumbered the above named
account for the amount of the contract pending Council action.
Patri~ DeBlasio,
Treasurer