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8 THE CITY OF {, ._„, e.r. PL£ASANTONe CITY COUNCIL AGENDA REPORT June 19, 2012 Community Development Engineering Division TITLE: ACCEPT PUBLIC IMPROVEMENTS PERFORMED BY UTILITY SERVICE CO., INC. FOR THE WATER STORAGE TANK CORROSION REPAIR 2011 PROJECT, CIP NO. 071023 SUMMARY The project consisted of recoating portions of the interior coating system on three water tanks to eliminate corrosion, improve water quality, and increase the service life of the reservoirs. Work included a third party coating inspection contract with Bay Area Coating Consultants, Inc. to perform specialty coating inspections. Construction of the project is complete and ready for acceptance. RECOMMENDATION 1. Accept the improvements for the project. 2. Authorize the City Clerk to file a Notice of Completion for the project. 3. Authorize payment of the retention in the amount of $27,460.67 to Utility Service Co., Inc. thirty days after recordation of the Notice of Completion. 4. Authorize the transfer of the remaining funds in the amount of $12,240.24 to the Water Replacement and Improvement Fund balance for future CIP projects, and close out the Water Tank Corrosion Repairs Project, CIP No. 071023. FINANCIAL STATEMENT This project is part of the City's on-going preventative maintenance efforts to improve water quality and prolong the service life of existing water storage tanks. These projects are expected to help control long-term maintenance costs. Funding for this project was provided by the Water Tank Corrosion Repairs Project, CIP No. 071023, which was authorized by the City Council as part of the 2007/2008 Capital Improvement Program. Additional funding was appropriated from the Water Replacement and Improvement Fund balance to ensure sufficient funding to the complete the project at the time of award. Staff recommends the return of the balance of project funds, in the amount of $12,240.24, to the Water Replacement and Improvement Fund balance.