City Council

B.6. NOTICE OF COMPLETION FOR CIP 2403, WELCOME SIGNS\nIMPROVEMENT PHASE 2 [H. COLLINS, J. GILMOUR, P. TICUN]:\nSUBJECT: The City Council will consider approving the Notice of\nCompletion for CIP 2403, Welcome Signs Improvement Phase 2 by\nFusion Development.\nRECOMMENDATIONS: Accept the work and authorize the following: a.\nFile the Notice of Completion by the City Clerk with the Los Angeles\nRecorder’s Office, b. Issue the final payment to the contractor at the end\nof the 35-day lien period, c. Release of the Performance Bond on the date\nof recordation of the Notice of Completion, d. Release of the Payment\nBond 35 days after the date of recordation of the Notice of Completion,\npending no receipt of Stop Notices from material suppliers or\nsubcontractors.