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THE CITY OF 5 <br /> "u CITY COUNCIL AGENDA REPORT <br /> pL£ASANTONo <br /> December 21 , 2021 <br /> Engineering <br /> TITLE: ACCEPT PUBLIC IMPROVEMENTS PERFORMED BY VSS <br /> INTERNATIONAL, INC. FOR THE ANNUAL SLURRY SEAL OF VARIOUS <br /> STREETS, CIP NO. 21504 <br /> SUMMARY <br /> The 2021 Annual Slurry Seal project consisted of applying slurry seal to approximately <br /> 1 .5 million square feet of pavement on 58 sections of city streets. Slurry seal is an <br /> application of a thin coat of asphalt/aggregate slurry mixture that seals the road surface. <br /> Slurry seal prolongs the useful life of the road while providing a safe and smooth riding <br /> surface. City Council awarded the $446,000 contract to VSS International, Inc. on July <br /> 20, 2021. Construction of the project is now complete, and staff recommends City <br /> Council acceptance of the work. <br /> RECOMMENDATION <br /> 1 . Accept the project as complete and authorize the City Clerk to file a Notice of <br /> Completion. <br /> 2. Authorize release of the retention in the amount of $23,191 to VSS International, Inc. <br /> 30 days after recordation of the Notice of Completion. <br /> 3. Authorize the return of the project's unused balance of $154,645 to Gas Tax — Fund <br /> 160. <br /> FINANCIAL STATEMENT <br /> Funding for this project totaled $625,000 as outlined in Attachment 1. The expenditures <br /> total $470,355, leaving an unused balance of $154,645. Staff recommends the transfer <br /> of the remaining balance to the Gas Tax — Fund 160. <br />