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Accept Bancroft Playfields 4 November 5, 2007 <br />• $1,776,912.40 was appropriated from the City's General Fund to cover additional SLUSD <br />funding for this project. Such funds will be reimbursed by the SLUSD as a condition of the <br />MOU and revised SLUSD agreement based on final project costs. This additional SLUSD <br />funding is from the following sources: <br />o $22,568.00 from a Tire Derived Product grant from the California Integrated Waste <br />Management Board <br />o $800,000.00 from SLUSD Measure B bond funds <br />o $954,344.40 from SLUSD funds <br />Attachments <br />Not Applicable <br />CONCLUSION <br />Staff recommends acceptance of the work, filing of the Notice of Completion, and upon <br />completion to the satisfaction of the City Engineer of the one-year maintenance period, hereby <br />authorizes the City Manager to release the Maintenance Bond for the subject property. <br />UU:KJ:MGar <br />K:AAA-C\COUNCIL~2007W OV S~ACCEPT BANCROFT PLAYFIELDS M~M.docx <br />