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HomeMy WebLinkAbout1981-10-06; City Council; 6370-2; Storm Darins at Ocean Street and Cedar Ave.CITI )F CARLSBAD - AGENDA BILL 9B# 6370-#2 MTG. 10/6/81 DEPT. ENG veb & TITLE: STORM DRAINS AT OCEAN STREET AND CEDAR AVENUE - CONTRACT NO. 1086 CITY MGR Accept the construction of storm drains at Ocean Street and Cedar Avenue as complete; direct the City Clerk to have the "Notice of Completion" recorded; and release the bonds 35 days after recordation. ITEM EXPLANATION: This project was the construction of storm drains on Ocean Street at Cedar Avenue. -inalizingof the project was delayed pending completion of the adjacent development by Tony Howard-Jones. The construction work under this project has now been satis- factorily completed, and the final contract amount of $12,607 does not exceed the bid price. FISCAL IMPACT: Sufficient budgeted funds are available to pay final contract costs. Ten percent of the final contract will be withheld until 35 days after the "Notice of Completion'' records . EXH I B I T : Notice of Completion I