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THE CITY OF CITY COUNCIL AGENDA REPORT I PL£f1S�NTONa April 19, 2016 Engineering TITLE: ACCEPT PUBLIC IMPROVEMENTS PERFORMED BY VSS INTERNATIONAL, INC. FOR THE ANNUAL SLURRY SEALING OF VARIOUS STREETS PROJECT, CIP NO. 145004 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 traffic striping, pavement markings and pavement markers. City Council awarded this construction contract to VSS International, Inc. on June 2, 2015. 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 $11,793.14 to VSS International, Inc. thirty days after the recordation of the Notice of Completion. 4. Authorize the return of the project balance of $33,785 to the Gas Tax Fund balance. FINANCIAL STATEMENT Funding for this project initially totaled $350,000 as outlined in Attachment 1. In June of 2015, Council approved the transfer of $80,000 to the Annual Resurfacing and Preventative Maintenance project, CIP No. 145003. Expenditures for the Annual Slurry Sealing project totaled $236,215, leaving a balance of $33,785. Staff is recommending the return of this balance to the Gas Tax Fund balance.