Title
Community Development Agency, Transportation Division, recommending the Board consider the following:
1) Approve and authorize the Chair to sign the Notice of Acceptance with Vintage Paving Company, Inc., for the Class II Bikeway - Green Valley Road from Loch Way to Signalized Entrance to Pleasant Grove Middle School Project, Contract PW 15-31099, CIP 72309, P&C 039-C1699; and
2) Approve and authorize the Clerk of the Board to release the Payment and Performance Bonds to the Surety upon notification from the Community Development Agency, Transportation Division, after the one-year guarantee period.
FUNDING: Bicycle Transportation Account (71%), Regional Surface Transportation Program Exchange Funds (22%), Transportation Development Act (7%). (No Federal Funds)
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DEPARTMENT RECOMMENDATION
Community Development Agency, Transportation Division (Transportation), recommending the Board consider the following:
1) Approve and authorize the Chair to sign the Notice of Acceptance with Vintage Paving Company, Inc., for the Class II Bikeway - Green Valley Road from Loch Way to Signalized Entrance to Pleasant Grove Middle School Project (Project), Contract PW 15-31099, CIP 72309, P&C 039-C1699; and
2) Approve and authorize the Clerk of the Board to release the Payment and Performance Bonds to the Surety upon notification from Transportation after the one-year guarantee period.
DISCUSSION / BACKGROUND
The contract for the Project was approved by the Board on February 9, 2016 (Item 13). Construction was substantially completed on April 25, 2016. Recordation of the Notice of Acceptance will start legal time frames for guarantees, a lien period, and return of retention monies. Recordation of the Notice of Acceptance will also start the one-year time frame for releasing the Payment and Performance Bonds to the Surety.
Direct Construction Cost Summary:
Original Bid Price $ 214,309.15
Contract Item Cost $ 217,383.23
Contract Change Order Cost $ 0.00
Total Dire...
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