Title
Transportation Department recommending the following pertaining to the White Rock Road Widening Project:
(1) Accept constructed improvements as complete;
(2) Reduce Performance Bond No. SU5007993 by $5,907,901.50 to $656,433.50 to guarantee against defective work, labor done, or defective materials furnished and release one year after acceptance if no claims are made; and
(3) Hold Laborers and Materialmens Bond No. SU5007993 in the amount of $3,282,167.50 to guarantee payment to persons furnishing labor, materials or equipment and release in six months after acceptance if no claims are made.
RECOMMENDED ACTION: Approve.
Body
BUDGET SUMMARY:
Total Estimated Cost $ 0
Funding
Budgeted $ 0
New Funding $ 0
Savings $ 0
Other $ 0
Total Funding Available $ 0
Change To Net County Cost $0
FIscal Impact/Change to Net County Cost:
The initial Road Improvement Agreement (RIA) for the White Rock Road Widening STA 63+25 to STA 115+25 (Project) was approved by the Board of Supervisors (Board) on July 20, 2004. The Engineer's Estimate was $6,564,335.00, including contingency, engineering and inspection costs. The Project was advanced by the Developer. The estimated reimbursement of $4,150,000 is based on the lowest bid of $3,186,625.00, plus contingency, engineering and inspection costs. The actual project costs will be defined in the Reimbursement Agreement to be reimbursed from Traffic Impact Mitigation (TIM) fees and will be presented to the Board at a future date.
The extension and construction of a Con-Span structure under White Rock Road (Additional Work) was outlined in Amendment I to the RIA and was for a not-to-exceed amount of $350,000. Reimbursement of the actual project costs associated with the Additional Work will be paid 90 days after the road is accepted and the County receives documented invoices substantiating the reimbursement claims for the Additional Work...
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