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City of Hermosa Beach --- 03-28-00
CIP PROJECT NO. 98-143
Recommendation : It is recommended that the City Council:
Account Amount
Background: On September 14, 1999, City Council approved entering into an agreement with Sully-Miller Contracting Company to perform a complete street resurfacing with minor public right-of-way improvements on Monterey Boulevard, from 19th Street to Hermosa Avenue. The following work has been completed:
The contractor has completed the work to the satisfaction of the Director of Public Works/City Engineer.
Analysis: Acceptance of the work and final payment is in order. The original contract amount plus 10% contingency was $202,999.00. Sully-Miller Contracting Company completed the work for $162,358.52, saving the City $40,640.48.
Fiscal Impact: The project was completed under budget, therefore, $40,640.48 can be returned to Fund 301. However, staff is recommending that these funds be transferred to Project No. CIP 95-150 to cover the cost to resurface and make minor drainage corrections on 19th Street from Monterey Blvd. to Hermosa Ave.
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