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DEC 15 1112 <br />BOOK 88 P.{ l -JA I <br />SLUDGE/SEPTAGE FACILITY RETAINAGE <br />The Board reviewed memo from Utility Services Director Terry <br />Pinto dated December 2, 1992: <br />DATE: DECEMBER 2, 1992 <br />TO: JAMES E. CHANDLER <br />COUNTY ADMINISTRATOR <br />FROM: TERRANCE G. PINT <br />DIRECTOR UTIL SERVICES <br />STAFFED AND <br />PREPARED BY: H. D. S ER, P.E. <br />ENVIRONMENTAL ENGINEER. <br />DEPARTMENT OF UTILITY SERVICES <br />SUBJECT: SLUDGE/SEPTAGE FACILITY <br />RETAINAGE <br />BACKGROUND: <br />The agreement with the contractor for the Sludge/Septage Facility <br />states that ten (10) percent of all monies earned by the Contractor <br />shall be retained by the County until the project is totally <br />completed as specified, and accepted by the County except that after <br />75 percent of the work has been satisfactorily completed, the <br />Contractor Administrator may reduce -the retainage to 3.5 percent of <br />all monies earned (see attached). Retainage was previously reduced <br />from 10 percent to 5 percent by approval of the Board of County <br />Commissioners on September 1, 1992 (see attached). <br />ANALYSIS: <br />The contractor, Poole & Kent, has completed 75% of the project and <br />requests that his retainage be reduced to 3.5% of all monies earned <br />in accordance with paragraph 5.2 of his agreement with the County <br />(letter with recommendations from Camp Dresser & McKee attached). <br />This action would reduce the retainage from $230,000.00 to <br />$161,000.00. <br />RECOMMENDATION: <br />The staff of the Department.of Utility Services recommends approval <br />of the retainage reduction from 5% to 3.5% of monies earned. <br />ON MOTION by Commissioner Bird, SECONDED by <br />Commissioner Adams, the Board unanimously approved <br />retainage reduction from 5 percent to 3.5 percent of <br />monies earned by Poole & Rent for the Sludge/Septage <br />Facility, as recommended by staff. <br />E,U] <br />