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RES NO 01-05-2008 0 CITY OF VAN BUREN, ARKANSAS RESOLUTION NO. 1 -5 -2008 BE IT ENACTED BY THE CITY COUNCIL, FOR THE CITY OF VAN BUREN, ARKANSAS, A RESOLUTION TO BE ENTITLED: A RESOLUTION OF THE CITY OF VAN BUREN, ARKANSAS APPROVING FINAL PAYMENT FOR THE STREET IMPROVEMENT- PHASE X PROJECT. WHEREAS, the City of Van Buren approved a contract with Wilson Bros. Construction, in accordance with Arkansas law, for the Street Improvement Phase X project by Resolution #5 -3 -2007; and WHEREAS, the City is desirous to change the project as set forth in the final payment as attached hereto, by increasing the contract amount by $177,611.75; and WHEREAS, the increase of $177,611.75 or one hundred percent of the funds will come from the 2008 Street Improvement budget, previously approved by the City Council. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF VAN BUREN, ARKANSAS, THAT: Section I. That the City of Van Buren, Arkansas accepts and approves a final payment of $177,611.75, as set forth in "Exhibit 1" attached hereto for the Street Improvement Phase X Project; and Section 2. The Mayor and City Clerk are hereby authorized by the City Council for the City of Van Buren to pay the expenses relating to final payment for the Street Improvement Phase X Project and to execute all documents necessary to effectuate said change order. IN TESTIMONY WHEREOF, the City of Van Buren, Arkansas, by its City Council, did pass, approve, and adopt, by a vote of (P for and y against, the foregoing Resolution at its Meeting held on the 28th day of January 2008. :J.Psta Robert D. a� �o, ATTESTED: APPROVED AS TO ORM: o Barbie Curtis, City Clerk/Treasurer N. E nald OP, City A arney