Rancho Palos Verdes
City Council
Agenda Item I
I. Consider a Notice of Completion for the Sidewalk Management Program
Construction Contract. (Ascencio)
Recommendation: 1) Accept the construction contract with FS Contractors,
Inc. for the Sidewalk Management Program as complete; 2) Authorize the City
Clerk to file a Notice of Completion for the project with the Los Angeles County
Registrar-Recorder’s Office; and if no claims are filed within 35 days after
recordation, send a notice to the surety company to exonerate the
Performance Bond; and, 3) Authorize the Director of Public Works to release
the 5% construction retention payment to FS Contractors, Inc., 35 days after
recordation of the Notice of Completion by the Los Angeles County Registrar-
Recorder’s Office, contingent upon no claims being filed on the project, and
the contractor posting an acceptable warranty bond with the City.
Agenda Report