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Director Davis advised the project is nearing completion and we are holding a 10% <br />retainage. The contractor is requesting a retainage reduction to 5% which would mean the <br />County would still retain about $330,000, sufficient to complete the project. <br />MOTION WAS MADE by Commissioner Eggert, <br />SECONDED by Commissioner Macht, that the <br />Board approve a retainage reduction on this project <br />with Wharton -Smith, Inc. to $330,507.05, as <br />recommended by staff. <br />Commissioner Adams questioned how close to finished the project was, and <br />Director Davis advised that the contractor is about 70 days behind schedule. <br />Capital Projects Engineer Bill McCain stated that the project is 85% to 90% complete <br />and the County is holding $1,000,000, plus the retainage of over $600,000. <br />Commissioner Adams felt certain that the contractor would be more inclined to finish <br />the project if the County is still holding large amounts of retainage. <br />THE CHAHMIAN CALLED THE QUESTION and <br />the Motion passed by a 3-2 vote (Commissioners <br />Adams and Ginn opposed). <br />13A ECONOMIC DEVELOPMENT COUNCIL - <br />APPOINTMENT OF BOB TENBUS <br />Commissioner Eggert noted that a vacancy had been advertised on the Economic <br />Development Council and just prior to the meeting she had received a call from Bob Tenbus <br />submitting his application. She believed Mr. Tenbus would be a plus to this committee. <br />ON MOTION by Commissioner Adams, <br />SECONDED by Commissioner Ginn, the Board <br />unanimously approved the appointment of Bob <br />Tenbus to the Economic Development Council. <br />JANUARY 27, 1998 <br />-35- b03 pn"14P <br />