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2006-119 - Accepting Work Of Joseph J. Albanese, Inc. For Ppw Job No. 04 -63 Main Street Resurfacing And Streetscape Andlos Gatos Almaden Road Resurfacing And Authorizing The Town Manager /Executive Director To Execute Certificate Of Acceptance And NoticeRESOLUTION 2006 -119 RESOLUTION OF THE TOWN COUNCIL /REDEVELOPMENT AGENCY OF THE TOWN OF LOS GATOS ACCEPTING WORK OF JOSEPH J. ALBANESE, INC. FOR PPW JOB NO. 04 -63 MAIN STREET RESURFACING AND STREETSCAPE AND LOS GATOS ALMADEN ROAD RESURFACING AND AUTHORIZING THE TOWN MANAGER /EXECUTIVE DIRECTOR TO EXECUTE CERTIFICATE OF ACCEPTANCE AND NOTICE OF COMPLETION FOR RECORDING BY THE CLERK ADMINISTRATOR/SECRETARY OF THE REDEVELOPMENT AGENCY WHEREAS, June 5, 2006, the Town Council/Redevelopment Agency awarded a contract for the Main Street Resurfacing and Streetscape and Los Gatos Almaden Road Resurfacing Project to Joseph J. Albanese, Inc., as the lowest responsible bidder; and WHEREAS, Joseph J. Albanese, Inc. substantially completed the project in conformance with the Town's bid process and pursuant to Council /RDA approval; and WHEREAS, ten percent of the performance bond provided by Joseph J. Albanese, Inc. shall remain in place for two years until November 20, 2008 to guarantee the work; and WHEREAS, the work on PPW Job No. 04 -63 — Main Street Resurfacing and Streetscape and Los Gatos Almaden Road Resurfacing Project is hereby accepted as complete pursuant to the plans and specifications for the project. NOW THEREFORE BE IT RESOLVED, that the Town Manager/Executive Director is authorized and directed to execute the Certificate of Acceptance and Notice of Completion attached as (Exhibit A) hereto. BE IT FURTHER RESOLVED, that the Clerk Administrator /Secretary of the Redevelopment Agency is directed to transmit this Certificate of Acceptance and Notice of Completion to the Recorder of Santa Clara County for recording. PASSED AND ADOPTED at a regular meeting of the Town Council /Redevelopment Agency of the Town of Los Gatos, California, held on the 20th day of November, 2006 by the following vote. COUNCIL /RDA MEMBERS: AYES: Steve Glickman, Joe Pirzynski, Barbara Spector, Mike Wasserman, Mayor Diane McNutt NAYS: None ABSENT: ABSTAIN: SIGNED: � 140e' - AG4 MAYOR OF THE TOWN COUNCIL/ CHAIR OF THE REDEVELOPMENT AGENCY ATTEST: CLERK A ISTRATOR OF THE TOWN OF LOS GATOS LOS GATOS, CALIFORNIA