CIP PROJECT NO . 98-141

STREET REHABILITATION – SLURRY SEAL

ACCEPTANCE

 

Recommendation :

It is recommended that the City Council accept the work by Pavement Coating Company of Cypress, on CIP Project No. 98-141, Street Rehabilitation, and authorize final payment to the contractor (10% retained for 35 days following filing of Certificate of Completion).

 

Background :

On June 22, 1999, City Council approved entering into an agreement with Pavement Coating Company of Cypress to perform a complete street rehabilitation of various streets within the City. The work included:

• Crack Sealing
• Street Resurfacing
• Street Striping

The project location map is attached. 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 was $79,674.78 plus $11,950.00 as a project contingency. The total project budget is $91,624.78 with $78,507.00 from the County Gas Tax Fund 120 and $12,524.00 from the CIP Fund 301. Pavement Coating Company completed the work for $82,847.04, 3.98% above the contract price because of quantity adjustments.

 

Fiscal Impact :

The project was completed under budget, therefore, $8,183.96 can be returned to the CIP Fund 301.

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