ITEM 28
C A.. 2-
Clearwater City Commission
Agenda Cover Memorandum
Final Agenda Item #
Meeting Date: 10/ I 'is / DI
I ,
SU B JECl /RECOMMEN DA liON:
Authorize settlement of Aquamarine Swimming Pool Co. v. Oakhurst Construction Co., Inc. (and City)
Circuit Civil No. 00-5653-CI-07, for payment by City of outstanding balance of contract price of
$81,696.05, plus interest, and receipt by City of warranties on swimming pool shell.
~ and that the appropriate officials be authorized to execute same.
SUMMARY:
This case involves the construction of the swimming pool at the Clearwater Beach Recreation Center
and questions regarding the adequacy of construction. In exchange for receiving the outstanding
balance of the moneys owed to the contractor and subcontractor under the contract, the City will
receive an ten year warranty on the pool shell from the subcontractor that constructed the pool and a
performance bond providing a two year warranty on the shell. The bond is renewable.
Authorization is sought to settle this action pursuant to the above terms and to pay Oakhurst
$81,696.05, plus interest at 6% (which is the rate we earned while holding this money) and to accept
the extended warranty and performance bond as described above.
Reviewed by:
Legal ~ Info Tech NA
Budget NA Public Works NA
Purchasing NA DCMlACM
Risk Mgmt NA Other NA
Costs
Legal
User Dept.
Total
Funding Source:
Captiallmprovement
Current Fiscal Year
Attachments
Operating
Other
Appropriation Code:
o None
Rev. 2/98