Final Settlement-Y&K Excavation Hazardous Sidewalk Project

Notice is hereby given by the City Council of the City of Salida, Colorado, that final settlement of a contract with Y & K EXCAVATION, INC for the 2013 HAZARDOUS SIDEWALK REMOVAL PROJECT will be held at the regular meeting of the City Council of the City of Salida on the 1ST day of JULY, 2014, at City Council Chambers, 448 East 1st Street, Salida, Colorado 81201.

Any person co-partnership, association of persons, company or corporation that has furnished labor, materials, team hire, sustenance, provisions, provender or other supplies used or consumed by the Contractor, or his or her sub-contractors, in or about the performance of the work contracted to be performed who has not been paid by the Contractor or its subcontractor may file with the City of Salida a verified statement of the amount due and unpaid on account of such claim.

Upon receipt of such claim, on or before the date and time of such final settlement, the City of Salida shall withhold from all payments to the Contractor sufficient funds to insure the payment of said claim.  The City of Salida shall hold such funds until the claim has been paid as filed or withdrawn.  Such funds shall not be withheld longer than ninety (90) days following the date fixed for final settlement unless an action is commenced within that time to enforce such unpaid claims and a notice of lis pendens is filed with the City of Salida.