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Item 4 - Acceptance of the Valle Verde Park Playground Reno Proj; Bid 20-006 with Tri-Group Construction and Development, Inc., as CompleteJuly 7, 2020, Item #4AGENDA RE PO RT City of Poway DATE: TO: FROM: CONTACT: July 7, 2020 Honorable Mayor and Members of the City Council Robert Manis, Director of Development Services~ Andrea Thomas, Associate Civil Engineer (858) 668-4605 or athomas@poway.org CITY COUNCIL SUBJECT: Acceptance of the Valle Verde Park Playground Renovation Project; Bid No. 20-006 with Tri-Group Construction and Development, Inc., as Complete Summary: On November 5, 2019, the City Council awarded the contract for the Valle Verde Park Playground Renovation Project; Bid No. 20-006, to Tri-Group Construction and Development, Inc. in the amount of $258,000.00. This action will accept the project as complete. Recommended Action: It is recommended that the City Council: (1) Accept the Valle Verde Park Playground Renovation Project 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 $13,266.03, if unencumbered, 45 days after City Council acceptance; (4) Release the North American Specialty Insurance Company Bond for Material and Labor in the amount of $258,000.00 after the release of retention; and (5) Retain the North American Specialty Insurance Company Bond for Faithful Performance for a period of one year. Discussion: The Valle Verde Park Playground Renovation Project consisted of constructing a new playground with a new play surface. The new play equipment replaced the existing equipment that was original to the park, and the surrounding mulched play area was replaced with play mat tiles. There was one change order for this project which increased the contract amount by $7,320.66, for the purpose of reconstructing concrete curbing and sidewalk to meet the new play surface. The final contract amount is $265,320.66. Environmental Review: The matter of acceptance of public improvements that have been completed, which were the subject of a prior environmental determination, is not subject to the California Environmental Quality Act. 1 of 2 July 7, 2020, Item #4Fiscal Impact: Sufficient funds are available in the Valle Verde Park Playground Renovation Project account (PRK0004) for the release of retention. After the retention payment of $13,266.03, there will be an available balance of $14,482.72. Funds remaining in the project at year end will be returned to the General Fund. Public Notification: None. Attachments: None. Reviewed/ Approved By: Assistant City Manager 2 of2 Reviewed By: Alan Fenstermacher City Attorney Approved By: City Manager