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