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6.2A <br /> Page 1 <br /> r��POr�T <br /> To the Honvrable Mayor and City Council <br /> From the City l�Ifanager <br /> March 22, 2010 <br /> SUBJECT <br /> Final Acceptance—2300 Middlefield Raad Construction[mprovements <br /> RECOMMENDATION <br /> Accept, by motion, the construction improvements for 2300 Middlsfield Road (Costco} <br /> and release the bands accarding ta city procedures in accordance with the <br /> Improvement Agreement. <br /> BACKGROUND <br /> Qn March 10,zao8, Council approved the Agreement for constructian improvements for <br /> Costco Wholesale Carparation at 2300 Middlefield Road. The city-appro�ed permits <br /> required the developer to make street and other related improvements including paving, <br /> drainage, water, sewer, landscaping, landscape irrigation, traffic signals, street lighting, <br /> and signing and striping. <br /> The developer, Costco Wholesale Corporation, have completed the construction of <br /> improvements in accordance with the Agreement,the plans and specifications designed <br /> by Kier and Wright Engineers, and to the satisfaction of the city's Building, <br /> Infrastruc#ure,and Trar�sporta#ion Department. <br /> The developer provided a faithful performance bond and a labor and mate�ial bond, <br /> each in the amount of $818,250.40 which can be released upan receipt of a <br /> maintenance bond in the amount of$81,825.00. This bond wiil be retained by the city <br /> for a period of one year. <br /> ALTERNA7IVES <br /> Council may choose not to accept the construction improvements which would be <br /> contrary to the provisions in the existing Agreement. <br /> FISCAL IMPACT <br /> There is no fiscal impact as a resu[t of this action. ,..--�-� � " <br /> �..~=y-� ��i ;�__..... <br /> �.,....���� -��`""' �°'�.""'s <br /> _�,� , <br /> Paul Willis,P.E. Peter Vorametsanti,P.E.,PTOE,CFM <br /> Seniar Civ' En eer City ngineer <br /> Chu Chang,P.E.,LEED A Peter Ingram <br /> Director,Building,Infrastructure&Transportation City Manager <br /> ATTACHMENTS <br /> None <br /> RELATED DOCUMENTS IN CITY CLERK'S OFF'ICE <br /> Agreement for Improvement of 2300 Middlefeld Road <br />