HomeMy WebLinkAbout2001-11-03; City Council; 6537-4; Paseo Del Norte subdrainsA 53
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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