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THE CITY OF V <br />~'L£~S~4NTON~ CITY COUNCIL AGENDA REPORT <br />February 20, 2007 <br />Public Works Department <br />TITLE: ACCEPT PUBLIC IMPROVEMENTS PERFORMED BY O'GRADY <br />PAVING, INC. FOR RESURFACING OF VARIOUS CITY STREETS, <br />PROJECT NO. 055003 <br />SUMMARY <br />This project consisted of the resurfacing of approximately 1,500,000 square feet of <br />various City streets. Construction of the subject project is complete and ready for <br />acceptance by the City Council. <br />RECOMMENDATION <br />Staff recommends that the City Council take the following action at the meeting of <br />February 20, 2007: <br />1. Accept the improvements for the subject project. <br />2. Authorize the City Clerk to file a Notice of Completion for the subject project <br />3. Authorize final payment to O'Grady Paving, Inc. in the amount of $760. <br />4. Authorize payment of the project retention in the amount of $117,431.99 to O'Grady <br />Paving, Inc. thirty days after recordation of the Notice of Completion. <br />FINANCIAL STATEMENT <br />This project is part of our ongoing maintenance efforts to replace deteriorated pavement <br />surfaces of City streets. It is anticipated that ongoing maintenance and resurfacing will <br />extend the useful life of the roadway system and reduce overall long-term replacement <br />costs. <br />