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<br />There have been numerous stop notices filed on this project. Stop notices are typically filed by <br />subcontractors W"ho W"ere not paid for their ~ork or materials. The City is obligated to hold back <br />funds to pay the amount of the stop notices. At this time, the City is unable to release the final <br />payment to Ferma until the stop notices are removed by the subcontractors, or Ferma posts a <br />bond to guarantee the amount of the stop noticeso Staff is recommending that the City Council <br />proceed ~ith accepting the project as complete, in order to begin the expected process of the <br />claims resolution. <br /> <br />Respectfully Submitted, <br /> <br />/~L 7:f~~ <br /> <br />~~ <br /> <br />;J~" <br /> <br />f\:>1" Rob Wilson <br />Director of Public Works <br /> <br />Susan Rossi <br />Director of Finance <br /> <br />Nelson Fialho <br />City Manager <br /> <br />SR 06:003 <br />Page 3 of3 <br />