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9 <br /> THE CITY OF <br /> _{ -°gig, -1W CITY COUNCIL AGENDA REPORT <br /> pL£ASANTONo <br /> June 6, 2023 <br /> Engineering <br /> TITLE: ACCEPT PUBLIC IMPROVEMENTS PERFORMED BY O'GRADY PAVING, <br /> INC. FOR THE ANNUAL STREET RESURFACING AND PREVENTATIVE <br /> MAINTENANCE PROJECT, CIP NO. 22503 <br /> SUMMARY <br /> This project consisted of a full-width pavement overlay on 1 million square feet of <br /> existing asphalt pavement and isolated full-depth pavement repairs in preparation for <br /> 0.92 million square feet of existing asphalt pavement that was slurry sealed. This project <br /> included various streets within Pleasanton that were prioritized for treatment through the <br /> City's Pavement Management Program. City Council awarded this construction contract <br /> to O'Grady Paving, Inc. on June 7, 2022. Construction of the project is now complete <br /> and ready for City Council acceptance. <br /> RECOMMENDATION <br /> 1. Accept the project as complete and authorize the City Clerk to file a Notice of <br /> Completion. <br /> 2. Authorize the release of the retention in the amount of$175,594.44 to O'Grady <br /> Paving, Inc. 30 days after the recordation of the Notice of Completion. <br /> 3. Authorize the transfer of $564,409 of remaining project funding to the Annual Street <br /> Resurfacing and Preventative Maintenance Project, CIP No. 23503. <br /> 4. Authorize the transfer of $3,839 from the Design Phase 1 Bernal Community Farm <br /> Project, CIP No. 20772, to the Annual Street Resurfacing and Preventative <br /> Maintenance Project, CIP No. 22503. <br /> 5. Authorize the transfer of $41,208 of the remaining project funds under Contract <br /> Change Order No. 5 to the West Las Positas Boulevard Reconstruction Project, CIP <br /> No. 11514. <br /> FINANCIAL STATEMENT <br /> Funding for this project totaled $4,155,994 including $3,839 from CIP No. 20772 and <br /> $300,000 from CIP No. 11514. Expenditures totaled $3,550,376 leaving a balance of <br /> $605,617 of which $41,208 is associated with funding from CIP No. 11514. Staff <br /> recommends the fund balance of$564,409 be transferred to the Annual Street <br /> Resurfacing and Preventative Maintenance Project, CIP No. 23503, and the remaining <br /> fund balance of$41,208 be returned to the West Las Positas Boulevard Reconstruction <br /> Project, CIP No. 11514. <br />