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NEIL A. NELSON - County Administrator <br />Lawyers Title Building <br />2345 14th Avenue, Vero Beach, Florida 32960 <br />Telephone: (305) 562-4186 <br />MEMORANDUM <br />Secretary to Board <br />Telephone: (305) 569-1940 <br />February 4, 1981 <br />TO: Board of County Commissioners <br />FROM: County Administrator <br />SUBJECT: Wabasso Beach Project Bond, Return of <br />On 8 October 1980, Compass Building Systems submitted <br />a check in the amount of $50,000 as a performance bond <br />required by an agreement between Compass and Indian River <br />County. <br />This bond was posted to insure completion of the <br />Wabasso Beach Improvements - Proposal"A; Engineers Job <br />#6383-B <br />On January 21, 1981, Randy Mosby, Project Engineer <br />of Sverdrup & Parcel and Associates, Inc - , made the final <br />inspection of the project and found the work to be acceptable <br />and well done. Based on their inspection and recommendation, <br />the retainage fee has been paid. All other bills owed to <br />Compass concerning this project have also been paid. <br />It is recommended that the $50,000 placed as a per- <br />formance bond by Compass be returned to Compass Building <br />Systems, Inc. <br />Neil A. Nelson <br />County Administrator <br />NAN/ep <br />ON MOTION MADE BY COMMISSIONER SCURLOCK, SECONDED BY <br />COMMISSIONER BIRD, THE BOARD UNANIMOUSLY AUTHORIZED THE RETURN <br />OF THE $50,000 PERFORMANCE BOND TO COMPASS BUILDING SYSTEMS, INC. <br />10 <br />r <br />