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263.98 RESOLUTION AUTHORIZING PAYMENT TO JOSEPH R. WUNDERLICH, INC. IN ACCORDANCE WITH ARBITRATION DECISION RESOLUTION NO.: 263. 98 INTRODUCED BY: Mr. Richard Merrill WHO MOVED ITS ADOPTION SECONDED BY: Mr. Theodore Turner WHEREAS, the Town Board of the Town of Queensbury entered into a contract with Joseph R. Wunderlich, Inc., to lay water pipe under the Northway at Gurney Lane/Exit 20, and WHEREAS, certain disputes arose between the Town and Wunderlich relative to the manner in which Wunderlich performed its work under the contract, and WHEREAS, these disputes were subject to arbitration pursuant to the terms of the contract, and WHEREAS, the American Arbitration Association has rendered its decision and Town Counsel has reviewed the decision with the Town Board, and WHEREAS, Henry Hess, Town Controller, has calculated the principal amount of the award and interest owed to Joseph R. Wunderlich, Inc., as well as the town’s administrative fees, and the Town Board wishes to authorize payment to Joseph R. Wunderlich, Inc., in accordance with the Arbitration Decision, NOW, THEREFORE, BE IT RESOLVED, that the Town Board of the Town of Queensbury hereby authorizes payment of principal and interest totaling $135,089.28 to Joseph R. Wunderlich, Inc., in accordance with the th Decision by the American Arbitration Association dated June 10, 1998, and BE IT FURTHER, RESOLVED, that the Town Supervisor, Town Counsel and/or Town Controller are further authorized and directed to execute any further documentation necessary to conclude the Wunderlich arbitration. th Duly adopted this 6 day of July, 1998, by the following vote: AYES : Mr. Merrill, Mr. Turner, Mr. Tucker, Mr. Champagne NOES : None ABSENT:Mr. Irish