05 - Laserfiche WebLink

THE CITY OF 05 CITY COUNCIL AGENDA REPORT pL£ASANTON- October 4, 2011 Community Development Engineering Division TITLE: ACCEPT PUBLIC IMPROVEMENTS PERFORMED BY AMERICAN ASPHALT REPAIR & RESURFACING CO., INC. FOR THE ANNUAL SLURRY SEAL OF VARIOUS CITY STREETS PROJECT, CIP NO. 095004 SUMMARY This annual preventative maintenance project consisted of improving the roadway surface on various City streets by applying Type II black volcanic aggregate slurry seal coating. The project also included replacing all existing traffic striping and markers. City Council awarded this construction contract to American Asphalt Repair and Resurfacing Company on July 20, 2010. Construction of the project is now complete and ready for City Council acceptance. RECOMMENDATION 1. Accept the project as complete. 2. Authorize the City Clerk to file a Notice of Completion for the project. 3. Authorize payment of the retention in the amount of $22,685.89 to American Asphalt Repair & Resurfacing Co. Inc. thirty days after recordation of the Notice of Completion. 4. Authorize the transfer of $366,784 in remaining budgeted funds to the Annual Slurry Seal of Various Streets Project, CIP No 115004. FINANCIAL STATEMENT This project is part of the City's preventative maintenance efforts and is expected to extend the life of the streets, thereby reducing long-term operation and maintenance costs. $593,819 was budgeted for this project in the Capital Improvement Program (CIP). The project budget includes funds from fiscal years 2007-08, 2008-09, and 2009- 10. The project was completed for a total cost of $227,035. Staff recommends the remaining balance of$366,784 be transferred into the FY 2010-2011 Annual Slurry Seal project, CIP No. 115004.