Rancho Palos Verdes
City Council
J. Consideration and possible action to authorize the City Clerk to file a Notice of
Completion for the Retaining Wall Repairs at 3001 Crest Road Project. (Copp)
Recommendation: 1) Accept the Retaining Wall Repairs at 3001 Crest Road
Project 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 Ace
Capital Engineering, 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