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HomeMy WebLinkAbout1969-1094 ORDINANCE ' NO. / © 4 AN ORDINANCE relating to public improvements; providing for the retention by the City of a percentage of payments to contractors; and amending Section 1.78.010 of the City of Yakima Municipal Code. BE IT ORDAINED BY THE CITY OF YAKIMA: Section 1. Section 1.78.010 of the City of Yakima Municipal Code is hereby amended to read as follows: "1.78.010 Retained Percentage. All contracts for pub- lic improvements or work, by the City of Yakima, shall provide that there shall be reserved from the money earned by the con - tractor on estimates during the progress of the improvement or work, an amount equal to 10% of such estimate, said amount to be retained by the City as a trust fund for the protection and payment of any person or persons, mechanic, subcontractor or material man who shall perform any labor upon such contract or the doing of said work, and all persons who shall supply such person or persons or subcontractors with provisions and supplies for the carrying on of such work, and the State with respect to taxes imposed pursuant to Title 82 of the Revised Code of Wash- ington which may be due from such contractor. Said fund shall be retained for a period of thirty days following the final acceptance of said improvement or work as completed, and no work or improvement shall be deemed completed until the City • Council shall so declare and accepts the same by motion or resolution; provided, that the City Council, at any time after fifty percent of the original contract work has been completed, if the Council finds that satisfactory progress is being made, may make any of the subsequent partial payments in full." Section 2. This Ordinance shall be in full force and effect thirty days after its passage, approval and publication as provided by law and by the City Charter. PASSED BY THE CITY COUNCIL, signed and approved this day of January, 1969. Mayor ATTEST: City Clerk