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9 <br /> THE CITY OF <br /> CITY COUNCIL AGENDA REPORT <br /> pLEASANTON. <br /> May 17, 2016 <br /> Engineering <br /> TITLE: ACCEPT PUBLIC IMPROVEMENTS PERFORMED BY O'GRADY PAVING, <br /> INC. FOR THE ANNUAL STREETS RESURFACING AND PREVENTATIVE <br /> MAINTENANCE PROJECT, CIP NO. 145003 <br /> SUMMARY <br /> The project consisted of resurfacing approximately 1,121,000 square feet of pavement <br /> surface and preparatory work for slurry-sealing approximately 1,206,000 square feet of <br /> pavement surface along various city streets. City Council awarded this construction <br /> contract to O'Grady Paving, Inc. on June 2, 2015. Construction of the project is complete <br /> and ready for City Council acceptance. <br /> RECOMMENDATION <br /> 1. Accept the project as complete. <br /> 2. Authorize the City Clerk to file a Notice of Completion for the project. <br /> 3. Authorize payment of the retention in the amount of$132,176.55 to O'Grady Paving, <br /> Inc. thirty days after the recordation of the Notice of Completion. <br /> 4. Authorize the return of the project balance of $69,375 to the Streets CIP fund <br /> balance. <br /> 5. Authorize the transfer and reallocation of funding types to allow the timely use of <br /> Measure B funds and Vehicle Registration Fee (VRF) funds. Measure B ($471,510) <br /> and VRF ($130,000) from the Annual Resurfacing project, CIP No. 155003 will be <br /> swapped with $601,510 in Gas Tax and Streets CIP fund dollars in CIP No. 145003. <br /> In this way we will spend Measure B and VRF funds allocated for the upcoming <br /> street resurfacing project on this project which is already complete, and the <br /> upcoming project will remain fully funded. <br /> FINANCIAL STATEMENT <br /> Funding for this project totaled $2,750,000 as outlined in Attachment 1. Expenditures <br /> totaled $2,680,625 leaving a balance of$69,375. <br />