AgdaPkt 2019-06-24 Joint SA PFA - Laserfiche WebLink

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6.H. - Page 1 of 6 /<�ik Redwood CitylCallifornia Faunded 1867 A,&/ DATE: June 24, 2019 SUBJECT STAFF REPORT To the Honorable Mayor and City Council From the City Manager Final Acceptance - Hudson Street Bicycle and Pedestrian Improvements Project RECOMMENDATION By motion, accept the Hudson Street Bicycle and Pedestrian Improvements Project, and authorize the release of bonds and the retention according to City procedures. STRATEGIC INITIATIVE Transportation BACKGROUND On January 23rd, 2017, the City Council approved the Award of Contract for the Hudson Street Bicycle and Pedestrian Improvements Project to construct improvements that increase the safety of pedestrians and bicyclists along Hudson Street, between Harrison Avenue and Woodside Road. The improvements included accessible sidewalk, curb ramps, high visibility crosswalks, signage, traffic signal modifications, and bulb -outs. The initial contract amount was $1,388,693.45 and the final cost of the completed project was $1,520,749.33, 9.5% above the initial contract amount. ANALYSIS The contractor, JJR Construction, Inc. has completed the construction of improvements in accordance with the agreement, the project plans, the project specifications, and to the satisfaction of the City's Engineering and Transportation Divisions. The contractor provided a faithful performance bond and a labor and material bond, each in the amount of $1,388,693.45 that can be released at this time. These bonds will be replaced by a Guaranty that guarantees all construction performed, and all material and equipment incorporated therein, which will be held for a period of one year. The Guaranty is a warranty in the event that any of the improvements fail within a one-year period. Other guarantees have been City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.ore 88