HomeMy WebLinkAboutResolution No. 86-01 THE CITY OF THE COLONY
RESOLUTION NO. ~ {~-0]
A RESOLUTION APPROVING AND AUTHORIZING THE
FUNDING OF A CONSTRUCTION CONTRACT ~/ITH
TELAMON CONSTRUCTION COMPANY FOR THE
CONSTRUCTION OF A PUBLIC S~/IMMING POOL
FACILITY AND ALL ATTENDANT AND NECESSARY
COST THERETO.
IitHEREAS, the citizens of The City of The Colony voted in favor of
$850,000 in Public Swimming Pool Facility Bonds at the City's most recent bond
election; and
II/HEREAS, the Telamon Construction Company submitted the lowest
responsible bid for the construction of the Public Swimming Pool Facility, which
bid was modified by Change Orders; and
IItHEREAS, the City awarded a contract to Telamon Construction Company
to construct the Public Swimming Pool Facility in accordance with approved plans
and specifications; and
· tHEREAS, the total cost of construction, including architectual tees and
other professional fees is approximately $925,#97; and
· /HEREAS, the City sold the Public Swimming Pool Facility Bonds, along
with other City bonds, and is drawing interest on the proceeds from said sale in
accordance with law; and the City is authorized under law and the Bond Ordinance that
sold said Bonds, to use the earned interest for payment of the approved construction
project; and,
· /HEREAS, the City Council does declare that the Public Swimming Pool
Facility contract awarded to Telamon Construction Company, and all other attendant
and necessary costs shall be funded from the net proceeds of the sale o£ $850,000 in
Public Swimming Pool Facility Bonds and on the interest heretofore and hereinafter
earned on said proceeds and from no other sources.
NOW, THEREFORE, LET IT BE RESOLVED BY THE CITY COUNCIL OF
THE CITY OF THE COLONY, TEXAS:
Section 1. That all of the matters stated in the preamble are found to be
true and correct and are incorporated herein as if copied in
their entirety.
Section 2. That the City Council does declare that the Public Swimming
Pool Facility contract awarded to Telamon Construction
Company, and all other attendant and necessary costs, shall be
funded from the net proceeds of the sale of $850,000 in
Public Swimming Pool Facility Bonds and the interest heretofore
and hereinafter earned on said proceeds, and from no other
source.
Section 3. That this Resolution shall be effective from and after the date
of its passage.
PASSED AND APPROVED by the City Council of the City of The Colony,
Texas, on this the t/~ ~'_.~ day of January, 1986.
ATTEST:
Patti 3ohes, C]'jy-S~c~e-t~ry
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