City of Jonesboro - File #: RES-13:210

• File #: RES-13:210
• Version: 1
• Name: Release agreement with DSI for Paradise Estates Phase I maintenance bond
• Type: Resolution
• Status: Passed
• File created: 12/2/2013
• In control: Public Works Council Committee
• Final action: 1/21/2014
• Title: A RESOLUTION AUTHORIZING MAYOR AND CITY CLERK TO SIGN THE SETTLEMENT AND RELEASE AGREEMENT WITH DSI REGARDING PARADISE ESTATES PHASE I MAINTENANCE BOND
• Sponsors: Engineering
• Indexes: Contract

Date	Ver.	Action By	Action	Result
1/21/2014	1	City Council	Passed	Pass
1/7/2014	1	Public Works Council Committee	Recommended to Council	Pass

Title

A RESOLUTION AUTHORIZING MAYOR AND CITY CLERK TO SIGN THE SETTLEMENT AND RELEASE AGREEMENT WITH DSI REGARDING PARADISE ESTATES PHASE I MAINTENANCE BOND

Body

WHEREAS, the City of Jonesboro has made claims against the bond held by DSI regarding Paradise Estates Phase I; and

WHEREAS, the City of Jonesboro desires to settle said disputes with bond holder in the amount of $4,500.00; and

NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL FOR THE CITY OF JONESBORO, ARKANSAS THAT:

Section 1:  The Mayor Harold Perrin and City Clerk Donna Jackson are authorized to sign the Settlement and Release authorizing the City to accept the amount of $4,500.00 for complete costs of maintenance work covered by the bond held by DSI.  The City's estimate is herein marked and incorporated at Exhibit "A".

PASSED AND APPROVED this 21st day of January, 2014.