Resolution 11108CITY OF ALAMEDA RESOLUTION NO. 11108
AUTHORIZING REDUCTION OF RETENTION ON HARBOR
BAY PARKWAY, PHASE III, P.W. NO. 1-85-2
WHEREAS, the City entered into a contract with Gallagher
& Burk, Inc. on April 17, 1985 for the Construction of Harbor Bay
Parkway Extension, Phase 3, funded by Assessment District 84-4
and an Economic Development Administration grant; and
WHEREAS, due to the long construction time of this
project Gallagher & Burk, Inc. has requested a reduction in the
0 „;
+-I :-.. retention from ten percent to five percent; and
WHEREAS, Caltran's Standard Specifications allow for a
retention reduction to five percent after completion of twenty
percent of a contact; and
WHEREAS, this project is ninety-five percent complete;
NOW, THEREFORE, BE IT RESOLVED by the Council of the City
of Alameda that the contract retention on Harbor Bay Parkway
Extension, Phase 3, P.W. No. 1-85-2, is hereby reduced to five
percent for the remainder of the contract.
I, the undersigned, hereby certify that the foregoing
Resolution was duly and regularly adopted and passed by
the Council of the City of Alameda in regular meeting
assembled on the 17th of February, 1987,
by the following vote to wit:
AYES: Councilmembers Corica, Hanna, Lucas, Monsef and
President Diament - 5.
NOES: None.
ABSENT: None.
IN WITNESS WHEREOF, I have hereunto set my hand and
affixed the official seal of said City this 18th day of
FOruary, 1987.
2 47
City erk of the City of Alameda