AR 022106 Notice of Completion for Agua Mansa Rd

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CITY OF COLTON AGENDA REPORT FOR THE CITY COUNCIL MEETING OF FEBRUARY 21, 2006 TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS FROM: AMER JAKHER, P.E., CITY ENGINEER SUBJECT: NOTICE OF COMPLETION/ACCEPTANCE FOR AGUA MANSA ROAD -MOUNT VERNON AVENUE STREET IMPROVEEMNT PROJECT (WITH CDBG PROJECT NO. 104-30205). DATE: FEBRUARY 13, 2006 BACKGROUND: On August 2, 2005, the City Council authorized the award of contract for Mount Vernon Avenue- Agua Mansa Road Street Improvement Project to International Pavement Solutions, Inc. in the amount of $290,884.72. The scope of work of the project included asphalt grinding and 2" thick asphalt overlay with pavement fabric, remove and replace 4" thick asphalt, striping, and traffic signal loop detector installation. Agua Mansa Road limit of work was from County Limits to 200 ft. west of Rialto Channel and Mt. Vernon Avenue limit of work was from Valley Blvd. to Olive Ave. RDA Funds In September 1999, the Colton Public Financing Authority (the "CPFA") issued $5.29 million in Tax Allocation Bonds secured by tax increment revenues in the Mt. Vernon Corridor Redevelopment Project Area. Approximately $2.0 million was used to refund existing debt from outstanding 1996 Notes, $500,000 was set aside for reserves and to pay for the cost of issuance, and the remaining $2.7 million was identified and reserved for various Redevelopment projects. On January 18, 2000, the Redevelopment Agency Board approved a list of public improvement projects which were recommended by the Mt. Vernon Citizens Advisory Committee (CAC). On June 4, 2002, the Agency and the City entered into a Construction Management Agreement (CMA) to construct the public improvements. Amendment No. 1 of the CMA was approved on April 6, 2004, approving a term extension of the CMA, extension of the dates to complete projects and reallocating funding between the projects. Pursuant to the CMA, the City is responsible for the management and supervision of all aspects of the design and installation of these public improvements, including the securing of right- of -way and easements to complete these projects.