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22-0118_RIVER STREET AQUISITION COMPANY, LLC_Staff MemoMEMORANDUM January 19, 2022 TO: Maria Morris, City Clerk FROM: Thomas Toman, Public Works Directf-IF. SUBJECT: Surety Agreement for Street and Storm Drain Improvement Plans SIP20-003 River Street. This memorandum is authorization to accept the Surety Agreement for Street and Storm Drain Improvement Plans SIP20-003, for the River Street project. The performance bond is in the amount of $558,970.00. The acceptance of the performance bond has been approved by the City Engineer. Attachment — Copy of Surety Agreement cc: PW; file