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RESOLUTION 88-19299 RESOLUTION NO. 88-19299 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, AUTHORIZING CHANGE ORDER NO. 80 INCREASING THE SCOPE OF THE CONTRACT WITH GEORGE HYMAN CONSTRUCTION COMPANY IN THE AMOUNT OF $325,000 AND APPROPRIATING THE FUNDS FROM CONVENTION CENTER BOND FUND 358; AND FURTHER AUTHORIZING A CHANGE IN THE CONTRACT COMPLETION DATE FROM SEPTEMBER 1, 1988, TO DECEMBER 1, 1988; AND FURTHER REDUCING THE RETAINAGE FOR PHASE 1 FROM 10 PERCENT TO 5 PERCENT, SUBJECT TO A WAIVER FROM GEORGE HYMAN CONSTRUCTION COMPANY FOR ANY AND ALL CLAIMS RELATING TO WORK ON THE PROJECT THROUGH JULY 13, 1988, EXCEPT FOR CERTAIN SPECIFIED CLAIMS FOR WHICH DIRECT COSTS ONLY ARE RESERVED. WHEREAS, on or about February 2 , 1987 , the City of Miami Beach entered into a contract with George Hyman Construction Company for the expansion of the Stephen Muss Convention Center; and, WHEREAS, the City of Miami Beach and George Hyman Construction Company have agreed to a settlement for all claims by George Hyman Construction Company for damages in the amount of $325 , 000 ; and, WHEREAS, as part of this settlement the City has agreed to change the contract time from September 1 , 1988 , to December 1 , 1988 ; and, WHEREAS, the Contractor has agreed to waive any and all claims against the City for work on the project up to July 13 , 1988 , except for certain specified claims for which direct costs only are reserved; and, WHEREAS, the City has agreed to reduce the retainage of Phase 1 from 10 percent to 5 percent. NOW, THEREFORE, BE IT DULY RESOLVED BY THE CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that Change Order No. 80 with George Hyman Construction Company is hereby approved increasing the scope of the contract by $325 , 000 and further including the changes listed above, further, and that the additional funds of $325 , 000 are hereby appropriated from the Convention Center Bond Fund No. 358 . PASSED and ADOPTED this 13th day o ;,j:1 y 198: 0 / ` AYOR .- Attest: 1_,,e,-(,--h(i 2,7 -2/:::; — CITY CLERK Form approved by Legal Department: ORIGINAL RESOLUTION NO. 88-19299 (Authorizing Change Order No. 80 in- creasing the scope of the contract with George Hyman Construction Company in the amount of $325,000 and appropriating the funds from Convention Center Bond Fund 358; and further authorizing a change in the contract completion date from Septem- ber 1, 1988, to December 1, 1988; and further reducing the retainage for Phase 1 from 10 percent to 5 percent, subject to a waiver from George Hyman Construct- ion Company for any and all claims re- lating to work on the project through July 13, 1988, except for certain speci- fied claims for which direct costs only are reserved)