Title
Underground Utility Assessment District No. 111, Underground Utilities District No. 22 Phase 2 & 3, & Utility Undergrounding for McFadden Alleys and Court Street - Notice of Completion for Contract No. 7833-1 (21A11)
Recommendation
a) Accept the completed work and authorize the City Clerk to file a Notice of Completion for the project;
b) Authorize the City Clerk to release the Labor and Materials Bond 65 days after the Notice of Completion has been recorded in accordance with applicable portions of Civil Code;
c) Release Faithful Performance Bond one year after acceptance by the City Council;
d) Authorize staff to proceed with the final Verizon additional work and increase project contingency from $3,500,000 to $3,595,003 (approximately 51.6 percent of the contract award) to cover the additional cost of the requested additional work; and
e) Approve Budget Amendment No. 24-058 recognizing $31,872.75 in contribution revenue from Crown Castle to Account No. 13501-561007-21A11 and $159,250.85 in increased expenditures in Account No. 13501-980000-21A11 (UUD22-1 CIP Expenditures for GL) from multiple utility companies.