Laserfiche WebLink
Glenn Mike's <br />TELEPHONE (305) 567.7155 <br />Landscaping, Inc. <br />k <br />0 E C 6 1983 <br />-A,* <br />December 6, 1983 <br />Board of County Commissioners <br />_...!an River County, Florida <br />County Administration Building <br />Vero Beach,.Florida 32960 <br />Dear Commissioners: <br />In reference to the landscaping contract for the Indian River <br />County Tracking Station Recreation area in the amount of <br />$29,293.25, I request the bond for said contract be waived. <br />At this time I have available a line of credit at the Florida <br />National Bank, Vera Beach, in the amount of W0,000. A -sure <br />of $80,234.30.of this line of credit is committed to the City <br />of Vero Beach, representing 125% of the amount of a contract <br />held by my company for landscaping of the Conn Beach - Dune <br />Protection Project. This 125% of contract amount reflects a <br />new policy the City of Vero Beach requires on all contracts. <br />Had the City required 100%, rather than 1251 of their contract, <br />my Company would have had ample funds to cover bonds for both <br />the Tracking Station and Conn Beach projects. <br />In order to expedite work at the Tracking Station for a <br />Christmas completion date, I respectfully request the County <br />Commission of Indian River County, Florida, waive the required <br />bond. Should such bond be waived, your contract with my <br />Company would be reduced in the amount of $701.00 which repre- <br />sents Bid Items 25, page FA 6, Performance Bond. <br />Your immediate attention concerning this matter would be greatly <br />appreciated. <br />Since r ly, <br />Edward C. Smith <br />President <br />Attorney Brandenburg commented that the bond <br />requirement really is there for protection of the <br />subcontractors, and the Board does have the authority to <br />waive it if the contract is under $100,000. He noted that <br />if the Board does waive this requirement, there will be a <br />99 <br />DEC 7 1983 FOOK �Y) FAUU <br />