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PAGE 2 OF 3 <br />SUBJECT: AUTHORIZE THE TOWN MANAGER TO EXECUTE A CERTIFICATE OF <br />ACCEPTANCE AND NOTICE OF COMPLETION ACCEPTING THE WORK OF <br />FBD VANGUARD CONSTRUCTION AND AUTHORIZE RECORDING BY THE <br />CLERK ADMINISTRATOR FOR PPW JOB NO. 16 -813 -9921 ANNUAL CURB, <br />GUTTER, AND SIDEWALK MAIN TENANCE PROJECT <br />JUNE 5 , 2018 <br /> <br />S:\COUNCIL REPORTS \2018 \06 -19 -18 \11 FBD Vanguard Construction \Staff Report Final.docx 6/13/2018 5:12 PM <br /> <br />B CKGROUNDA(cont’d): <br /> <br />On March 21, 2017, the Town Council appr oved a contract award and authorized the Town <br />Manager to execute a construction agreement with FBD Vanguard Construction Inc. in an <br />amount not to exceed $562,335 . <br /> <br />DISCUSSION : <br />FBD Vanguard Construction has satisfactorily completed all of the work for th is project and staff <br />recommends project acceptance. <br /> <br />Five percent of the faithful performance bond will remain in effect for a period of two years as <br />guarantee for any needed repair or replacement caused by defective materials and <br />workmanship. The execu tion and recordation of the Certificate of Acceptance is now required <br />to finalize the Town's acceptance of the project. <br /> <br />CONCLUSION : <br />Staff recommends that the Town Council authorize the Town Manager to execute a Certificate <br />of Acceptance and Notice of Completion accepting the work of FBD Vanguard Construction and <br />authorize recording by the Clerk Administrator for PPW Job No. 16 -813 -9921 Annual Curb, <br />Gutter, and Sidewalk Maintenance Project. <br /> <br />FISCAL IMPACT : <br />The final project cost was $615,234 , of which $557,357.80 was direct construction costs paid to <br />FBD Vanguard Construction , all within the project budget of $615,806 as demonstrated in the <br />fiscal table below: <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />