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CC - Item 4A - Acceptance of Work for Street Resurfacing, Lighting Improvements, and Handicap Ramp Program 4111' " F staff eport TO: HONORABLE MAYOR AND MEMBERS ROSEMEAD CITY COUNCIL FROM: FRANK TRIPEPI, CITY MANAGER DATE: SEPTEMBER 7, 1999 RE: ACCEPTANCE OF WORK FOR STREET RESURFACING, STREET LIGHTING IMPROVEMENTS, AND HANDICAP RAMP PROGRAM ON VARIOUS STREETS - FISCAL YEAR 1998/99 The referenced project has been constructed in conformance with the approved plans and specifications. Attached is the final report of project cost. The original contract amount was$586,613.50. The total amount to be paid to the contractor including quantity adjustments and the 10 percent retention is $583,576.00. RECOMMENDATION 1. Accept the above referenced project. 2. Authorize the recordation of the Notice of Completion by the City Clerk. 3. Authorize the release of the 10 percent retention payment 35 days after the recorded date of the Notice of Completion. 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