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Execute Agreement with Arch Insurance Company <br />November 16, 2021 <br />Page 2 <br />FISCAL IMPACT <br />There is no fiscal impact associated with this action. The originally approved project cost <br />analysis will not change and the surety will be responsible for expenses related to the <br />transition and cost escalation of labor and materials. <br />EXHIBIT(S) <br />1. Takeover Agreement <br />2. Rockforce Staff Report - https://www.santa- <br />ana.org/sites/default/files/pw/documents/San Lorenzo_ Lift_ Station_ Project_ Staff <br />_Report%2011 _16_21. pdf <br />Submitted By: Nabil Saba, P.E., Executive Director — Public Works Agency <br />Approved By: Kristine Ridge, City Manager <br />