24-1036
Authorize (1) settlement of the claim asserted by the City of Dallas against surety Atlantic Specialty Insurance Company, a wholly owned subsidiary of Intact Insurance Group USA Holdings, Inc., a wholly owned subsidiary of Intact Financial Corporation, for Sisters Asphalt, Inc. d/b/a SAI Construction’s failure to complete construction under Dallas Water Utilities Contract No. 20-473/474 (DWU-2021-00016990) in an amount not to exceed $4,333,680.00; (2) cancellation of Dallas Water Utilities Contract No. 20-473/474 (DWU-2021-00016990) with Sisters Asphalt, Inc. d/b/a SAI Construction; and (3) the receipt and deposit of funds in an amount not to exceed $2,221,321.60 in Water Construction Fund and $2,112,358.40 in Wastewater Construction Fund - Estimated Revenue: Water Construction Fund ($2,221,321.60) and Wastewater Construction Fund ($2,112,358.40)
What this record is
- Held by
- Sisters Asphalt, Inc
- Amount
- $4.33M
- Runs until
- no end date published in this record
- Type
- contract
- Field
- Construction
Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- City Attorney's Office
- Requested by
- City Attorney's Office (ATT)
- Introduced
- March 18, 2024
- On agenda
- April 10, 2024
- Enactment no.
- 24-0514; APPROVED