City Council

12. Acceptance of Construction Improvements and Authorization for Filing of\nNotice of Completion for CIP 22-044 - Susan Rubio Zocalo Park and Civic\nCenter Plaza Project. Request for Appropriation of Additional Construction\nContingency Funds to Support Project Closeout.\nIt is recommended that the City Council\n1. Accept the construction improvements by PCN3, inc. of Los\nAlamitos, CA and authorize the recordation of a Notice of\nCompletion for City Project No. CIP 22-044 – Susan Rubio Zocalo\nPark and Civic Plaza;\n2. Authorize the releasee of retention funds in the amount of up to\n$550,000 to PCN3, Inc upon the expiration of the 35-day notice\nperiod; and\n3. Authorize the Director of Finance to appropriate $250,000 from\nSB1Fund #256 to Account #256-50-520-58100-55022 and $350,000\nfrom Measure W Fund #258 to Account #258-50-520-58100-55022\nand to make the necessary budget adjustments.\n4. Authorize the Director of Finance to reappropriate the original\napproved allocations by increasing funding in the amount of\n$1,000,000 from Measure W Fund #258 to Account #258-50-520-\n58100-55022, and decreasing funding in the amount of $1,000,000\nfrom Future Development Fund #200 to Account #200-50-520-\n58100-55022, in order to free up funds in the Future Development\nFund; and to reclassify charges related to these two funds and make\nthe necessary budget adjustments.