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6.B. - Page 2 of 3 <br />FISCAL IMPACT <br />A final payment to IPS Group Inc. in the amount of $109,318.76 is due upon final acceptance of the project. <br />Funding for the construction of this project was previously approved and appropriated in the Parking <br />District Fund. The relevant accounts (Multi -Space Parking Meters and Single -Space Parking Meters) have <br />an available balance of $99,326 as of December, 31 2018. The remaining $9,992.76 will be paid from the <br />Parking District Fund -Replacement of Parking Control Systems (balance is $200,416.10) account. <br />ENVIRONMENTAL REVIEW <br />Final acceptance of a project is not a project under California Environmental Quality Act (CEQA) as defined <br />in CEQA Guidelines, section 15378, because it has no potential for resulting in either a direct or reasonably <br />foreseeable indirect physical change in the environment. <br />PUBLIC NOTICE <br />Public Notification was achieved by posting the agenda, with the agenda items being listed, at least 72 <br />hours prior to the meeting. <br />ALTERNATIVES <br />The City Council may choose not to accept the project or authorize the release of bonds and retention <br />however this would be contrary to the terms of the contract and public contracting code. <br />ATTACHMENTS <br />Attachment A: Project Location Map <br />REPORT PREPARED BY: <br />Christian Hammack, Parking and Transportation Demand Manager <br />chammack@redwoodcity.org <br />780-7378 <br />APPROVED BY: <br />Steven Turner, Acting Community Development Director <br />Melissa Stevenson Diaz, City Manager <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.ore <br />35 <br />