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THE CITY OF <br /> 6 <br /> CITY COUNCIL AGENDA REPORT <br /> pL£ASANTONa <br /> September 1, 2015 <br /> Community Development <br /> Engineering Division <br /> TITLE: ACCEPT PUBLIC IMPROVEMENTS PERFORMED BY SUAREZ & MUNOZ <br /> CONSTRUCTION INC. FOR THE ROTARY PARK IMPROVEMENTS, CIP <br /> NO. 147033 <br /> SUMMARY <br /> The Rotary Park Improvements Phase I consisted of improvements to the plaza area <br /> comprised of a clock tower, trellis, game tables and associated brick and concrete paving <br /> to commemorate the Rotary Club's 50th anniversary. Construction of the project is <br /> complete and ready for acceptance. <br /> RECOMMENDATION <br /> 1. Accept the improvements for the project. <br /> 2. Authorize the City Clerk to file a Notice of Completion. <br /> 3. Authorize payment of the retention in the amount of$10,142.14 to Suarez & Munoz <br /> Construction, Inc., thirty days after recordation of the Notice of Completion. <br /> 4. Authorize the transfer of the project estimated balance of$53,088 to the Community <br /> Parks Improvements and Acquisitions Reserve (CIP No. 037028) after <br /> reimbursements have been received. <br /> FINANCIAL STATEMENT <br /> Funding for this project totaled $337,214 as outlined in Attachment 1. Expenditures total <br /> $302,887, and expected reimbursements total $18,760, leaving an estimated balance of <br /> $53,088. Staff recommends the transfer of this balance to the Community Parks <br /> Improvements and Acquisitions Reserve (CIP No. 037028) after reimbursements have <br /> been received. <br />