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4 <br /> THE CITY OF <br /> —•• °°° •• •', CITY COUNCIL AGENDA REPORT <br /> pLEASANTON® <br /> April 21, 2020 <br /> Engineering <br /> TITLE: ACCEPT PUBLIC IMPROVEMENTS PERFORMED BY GRANITE <br /> CONSTRUCTION COMPANY, INC. FOR THE ANNUAL STREET <br /> RESURFACING AND RECONSTRUCTION OF VARIOUS STREETS, <br /> CIP NO. 18503 <br /> SUMMARY <br /> This project consisted of full-width pavement overlay on approximately 1.2 million <br /> square feet of existing asphalt pavement, and isolated full-depth pavement repairs in <br /> preparation for approximately 1.7 million square feet of existing asphalt pavement to be <br /> slurry sealed. This project included various streets within Pleasanton that were <br /> prioritized for treatment through the City's Pavement Management Program. City <br /> Council awarded this construction contract to Granite Construction Company, Inc., on <br /> June 4, 2019. Construction of the project is now complete and ready for City Council <br /> acceptance. <br /> RECOMMENDATION <br /> 1. Accept the improvements and authorize the City Clerk to file a Notice of Completion. <br /> 2. Authorize the payment of the retention in the amount of$194,772 to Granite <br /> Construction Company, Inc., 30 days after the recordation of the Notice of <br /> Completion. <br /> 3. Allocate the $50,000 received from Pacific Gas and Electric (PG&E) that it <br /> contributed toward the repair of St. Mary Street and Peters Avenue due to its gas <br /> distribution pipe replacement project to the Annual Street Resurfacing and <br /> Reconstruction of Various Streets Project, CIP No. 18503. <br /> 4. Authorize the return of$85,637 remaining in the project account back the Streets <br /> CIP Fund. <br /> FINANCIAL STATEMENT <br /> Funding for this project totaled $4,072,436, including $2.75 million from the 2018-19 <br /> Capital Improvement Program budget, $115,952 from the City Parking Lots Resurfacing <br /> Project, CIP No. 17424, $1,156,484 in fund transfers from various funding sources (as <br /> outlined in Attachment 1), and $50,000 from PG&E for the repair of St. Mary Street and <br /> Peters Avenue. Expenditures totaled $3,986,799, leaving a balance of $85,637 in the <br /> project fund. Staff recommends transferring the remaining balance back to the Streets <br /> CIP Fund for future appropriation. <br />