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HomeMy WebLinkAbout2001-11-03; City Council; 6537-4; Paseo Del Norte subdrainsA 53 veb VL CI . OF CARLSBAD - AGENDA BILL 4B# 6537-#4 MTG,~'/~/G~ 0 w W Q U 8i TITLE: PASEO DEL NORTE SUBDRAINS CONTRACT NO. 1090 CITY ArrY I CITY MGR~ . ZW- DEPT. ENG 1- RECOMMENDED ACTION: Accept the construction of the Paseo Del Norte Subdrains, Contract No. 1090, as complete; direct the City Clerk to have the "Notice of Completion" recorded and to release the bonds 35 days after recordation. ITEM EXPLANATION: The Paseo Del Norte Subdrain contract has been satisfactorily completed. The final contract amount of $92,996 exceeds the bid price of $81,477 by $11,519. The additional charges are for change orders authorized by the City Council at khe Septeinber 15, 1981 meeting. FISCAL IMPACT: At the September 15, 1981 meeting, Council authorized a transfer of funds to cover the additional charges; thus, sufficient budgeted funds are available to cover final contract payments. Ten percent of the final amount will be withheld until 35 days after the "Notice of Completion'' is recorded. EXH I B I T : Notice of Completion