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• <br /> EVERETT CITY COUNCIL AGENDA ITEM COVER SHEET 2 <br /> v <br /> PROJECT TITLE: <br /> Final Acceptance & X Consent COUNCIL BILL# <br /> Certification of Completion Action Originating Department Public Works <br /> with Signal Electric, Inc. for First Reading Contact Person Tom Fuchs <br /> 2005 Signal Improvement Second Reading Phone Number 425-257-8931 <br /> Project, releasing retainage in Third Reading FOR AGENDA OF 01/17/07 <br /> the amount of$17,889.71. Public Hearing <br /> Initialed by: <br /> Department Head <br /> CAA t, <br /> Council President ►� <br /> Location Preceding Action Attachments Department(s) Approval <br /> Intersection of Broadway Bid: 1/10/06 Final Contract Voucher Public Works <br /> & Pacific Avenues. Award: 02/1/06 Certification, Certificate <br /> of Completion, Final <br /> Estimate <br /> Amount Budgeted $359,547.30 <br /> Expenditure Required $17,889.71 Account Number(s): PW3226 <br /> Budget Remaining $1,753.30 <br /> Additional Required -0- <br /> DETAILED SUMMARY STATEMENT: <br /> The general contractor, Signal Electric, Inc. completed the 2005 Signal Improvement project in accordance <br /> with the plans and specifications and to the satisfaction of the Public Works Department. <br /> The amounts paid the contractor under this contract are as follows: <br /> Amount Paid to Date: $ 339,904.29 <br /> Retainage Withheld: $ 17,889.71 <br /> Amount Due to Contractor: $ 17,889.71 <br /> By Council approving this action, the 2005 Signal Improvement project will be accepted as complete and the <br /> retainage in the amount of$17,889.71 will be released. <br /> RECOMMENDATION (Exact action requested of Council): <br /> Accept the 2005 Signal Improvement project as complete and authorize the Mayor to sign the Certificate of <br /> Completion with Signal Electric, Inc. releasing the retainage of$17,889.71. <br /> 3 <br />