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immediate attention. PG&E backfilled its excavations, repaved the trench line, and <br /> contributed $50,000 toward the pavement overlay work. <br /> 4. A decrease of$10,695 in accordance with the contract specified payment <br /> adjustment formula due to an overall reduction in the Oil Price Index. <br /> 5. An increase of $43,365 for a balancing change order as the result of contract <br /> quantities constructed (such as tons of asphalt placed) as compared to the <br /> Engineer's Estimate of quantities within the bid documents. <br /> The work has been completed to the Director of Engineering's satisfaction and it is <br /> recommended that the project be accepted as complete. <br /> Submitted by: Fiscal Review: Approved y: <br /> Stephen Ki p r k Tina Olson Nelson Fialho <br /> Director of En ineering Director of Finance City Manager <br /> Attachment: <br /> 1. Funding and Expenditure Summary <br /> Page 5 of 5 <br />