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THE CITY OF 7 CITY COUNCIL AGENDA REPORT PL£ASANTONo October 1, 2013 Community Development Traffic Engineering Division TITLE: ACCEPT PUBLIC IMPROVEMENTS PERFORMED BY TIM PAXIN'S PACIFIC EXCAVATION, INC. FOR TRAFFIC SIGNAL INSTALLATIONS ON STONERIDGE DRIVE AT NEWTON WAY, GUZMAN PARKWAY, AND TREVOR PARKWAY, CIP NO. 115036 SUMMARY The project consisted of furnishing and installing three traffic signals on Stoneridge Drive at the Newton Way, Guzman Parkway, and Trevor Parkway intersections. The project includes traffic signal equipment, traffic signal interconnect equipment, and miscellaneous concrete work including modification of existing curb ramps to comply with ADA requirements. Construction of the project is complete and ready for acceptance. RECOMMENDATION 1. Accept improvements for the subject project. 2. Authorize the City Clerk to file a Notice of Completion for the subject project. 3. Authorize payment of the retention in the amount of $35,523.05 to Tim Paxin's Pacific Excavation, Inc. thirty days after recordation of the Notice of Completion. 4. Authorize the transfer of $5,726 from the Staples Ranch: Irrigation and Landscaping Improvements at El Charro Road and 1-580 project (CIP NO. 115023) to CIP No. 115036 to fund the overage amount of this project. FINANCIAL STATEMENT The project was funded through the Capital Improvement Program (CIP #115036). Available funding totaled $800,000, however, expenses for the project totaled $805,726. Staff is recommending a transfer of $5,726 in unused funds from the Staples Ranch: Irrigation and Landscaping Improvements at El Charro Road and 1-580 project, CIP No. 115023. A budget summary is attached (Attachment 1).