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SOUTH COUNTY REPUMP STATION AND FORCE MAIN- - <br />RETAINAGE REDUCTION - <br />The Board reviewed the following memo dated 10/4/95: <br />DATE: OCTOBER 4, 1995 <br />TO: JAMES E. CHANDLER <br />COUNTY ADMINISTRATOR <br />FROM: TERRANCE G. PINTO <br />DIRECTOR OF ILITY SERVICES <br />PREPARED WILLIAM F. CAIN <br />AND STAFFED CAPITAL E GINEER <br />BY: DEPART UTILITY SERVICES <br />SUBJECT: SOUTH CO REPUMP STATION AND FORCE MAIN <br />RETAINAGE REDUCTIOIIT <br />INDIAN RIVER COUNTY PROJECT NO. US -93 -28 -CS <br />BACKGROUND AND ANALYSIS <br />On November 15, 1994, the Indian River County Board of County <br />Commissioners approved a contract with Hall Contracting Corporation <br />for the above -referenced project. The project is now being <br />finalized, and the contractor has requested a reduction in <br />retainage to 5 percent. The engineer also recommends this action <br />accordingly. <br />RECOMMENDATION <br />The staff of the Department of Utility Services recommends approval <br />of the retainage reduction so that- Pay Request No. 8 may be <br />processed. <br />ON MOTION by Commissioner Adams, SECONDED by <br />Commissioner Tippin, the Board by a 4-0 vote <br />(Commissioner Eggert being absent) approved a <br />reduction in retainage to 5 percent for 'Hall <br />Contracting Corporation and authorized the <br />processing of Pay Request No. 8, as recommended by <br />staff. <br />58 <br />OCTOBER 17, 1995 Boos 96 ucr -373 <br />