Newport Beach
City Council
Agenda Item 5
5. Water Transmission Main Valve Replacement Phase 2 (Project No. 18W12) -\nNotice of Completion for Contract No. 7539-3\na) Accept the completed work and authorize the City Clerk to file a Notice of\nCompletion for the project;\nb) Authorize the City Clerk to release the Labor and Materials Bond 65 days after\nthe Notice of Completion has been recorded in accordance with applicable\nportions of Civil Code; and\nc) Release Faithful Performance Bond one year after acceptance by the City\nCouncil.\nStaff Report\nAttachment A - Location Map\nMay 28, 2024