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HomeMy WebLinkAboutAgenda Statement 1987/08/25 Item5COUNCIL AGENDA STATEMENT • 5 Item Meeting Date 8/25/87 ITEM TITLE: Resolution ~3°~ G ~ Accepting contract work, traffic signal installation at Bonita Road and Allen School Road in the City of Chul a Vista i,/ SUBMITTED BY: Director of Public Works/City Engineer REVIEWED BY: City Manager (4/5ths Vote: Yes No X ) On April 7, 1987, the City Council by Resolution No. 12962, awarded the contract for the installation of a traffic signal at Bonita Road and Allen School Road to TCB Electric Inc. The work is now completed. RECOMMENDATION: That Council approve a resolution accepting the contract. BOARDS/COMMISSIONS RECOMMENDATION: Not applicable. DISCUSSION: TCB Electric Inc. completed the installation of the traffic signal at Bonita Road and Allen School Road on August 5, 1987. All work was completed in • accordance with the contract plans and specifications and to the satisfaction of the City Engineer. FINAPJCIAL STATEMENT: Authorized Expenditure TCB Electric Inc. ($34,000 original contract + contingencies) $ 37,500.00 Final Expenditure TCB Electric Inc. $ 34,000.00 Balance of Authorized Expenditure $ 3,500.00 Staff time from point of inception to July 2, 1987 $2,765.85 x 1.73 (full cost recovery factor) _ $ 4,784.92 FISCAL IMPACT: In addition to construction cost summarized above, the City will maintain the traffic signal. RS:nr/BR023 WPC 3109E • ~.~-~ ~_ ~ __ y the City Council of ~ ', Chula Vista, California Dated