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Item 1.6 - Acceptance of Directional Sign Replacement on Scripps Poway Pkwy; RFB 14-012OF Pp W �y City of Poway COUNCIL AGENDA REPORT THE °OJ DATE: TO: FROM: INITIATED BY: SUBJECT: Summary: September 16, 2014 APPROVED APPROVED AS AMENDED ❑ (SEE MINUTES) DENIED ❑ REMOVED ❑ CONTINUED Resolution No. Honorable Mayor and Members of the City Council Daniel Singer, City Manager Leah Browder, Director of Public Works Pat Ryan, Public Works Operations Ma lager Acceptance of Directional Sign Replacement on Scripps Poway Parkway, RFB 14 -012 This project consisted of replacement of one of the City of Poway's medium -sized directional signs on Scripps Poway Parkway, which was destroyed in a traffic accident. Recommended Action: It is recommended that the City Council: 1. Accept the Directional Sign Replacement on Scripps Poway Parkway, RFB 14- 012, as complete; 2. Authorize the City Clerk to file and record the Notice of Completion; 3. Authorize the release of the retention in the amount of $519.90, 45 days after City Council acceptance; 4. Release The Ohio Casualty Insurance Company Bond for Material and Labor in the amount of $10,398.00; and 5. Retain The Ohio Casualty Insurance Company Bond for Faithful Performance for a period of one year. Background: On April 1, 2014, the City Council awarded the contract for the Directional Sign Replacement on Scripps Poway Parkway Project to AToM Engineering Construction, Inc., in the amount of $10,398.00. The project start date was June 13, 2014, with the final date of completion on or before July 30, 2014. Findings: Additional time was granted due to the need to adjust the specifications. The project was completed on August 19, 2014. The final contract amount is $10,398.00. Staff finds the project to be complete in accordance with the standards and specifications of the contract. 1 of 2 September 16, 2014 Item # 1.6 Acceptance of Directional Sign Replacement on SPP, RFB 14 7012 September 16, 2014 Page 2 Fiscal Impact: Sufficient funds are available in the Streets Division budget (0411 -4514) for the release of retention. The City will pursue full reimbursement from the party involved in the accident (and /or the party's insurer). Environmental Review: This item is not subject to CEQA review. Public Notification: A copy of this report was sent to AToM Engineering Construction, Inc. 2 of 2 September 16, 2014 Item # /,&