AgdaPkt 2007-05-21 - Laserfiche WebLink

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6.2A Page 1 R�PORT To fihe Honorable N1.ayor and Ci#y C+oun�it � FrQm the �ity' Mana�pr� May 21, 2007 SUBJECT Final Acceptance — 468 Grand Street Improvements (Redeemer �utheran Church) RECOMMENDATION Accept, by motion, the consfiruction improvements for 46$ Grand Street and release the security deposit fol{owing the City's receipt of a mainfienance bond in the amount of $31,510.00 in accardance with the Agreement for construction improvements. BACKGROUPID On July 7, 20�4, the City Council approved the Agreement for construction improvements for the Redeemer Lutheran Church building project at 468 Grand Street. The Church has completed the construction in accordance with the plans and specifications, and to the satisfaction of Engineering & Construction Services. The City approved permits for construction at 468 Grand Street and required the Church to instal! new fire services, ADA curb ramps, curb and gutter, sidewalks, sewer laterals, street lighting, and pave portions of Grand and Hudson streets. The Church provided a securi#y deposit in the amaunt of $315,000.00, performed the work, and is required to submit a maintenance bond to cover work performed in the amount af$31,51�.00. The City is obligated to release the securifiy bond when the maintenance bond is received. ALTERNATEVES Council may elect no#to accept the construction improvements which would be cantrary to the provisions in ihe existing �greement for tne construciion impravements. FISCAL IMPACT There is no fiscal impact as a result of th�s action. The maintenance bond will be held for one year, after which time, the maintenance of the required improvements wi11 become the City's responsibility. o Lync , P. Chu Chang, P.E. ity Engineer Manager ineerin &Constr ion i' � .� 1 Peter ingram ` Ed Ev rett �- Director, Cornmuni#y evelopment Services City Manager ATTACHMENTS None RELATED DOCUMENTS IN CITY CLERK'S UFFfCE None