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r <br />5 0 0 K .� .� F'AGE •� <br />ON MOTION by Commissioner Ginn, SECONDED <br />by Commissioner Stanbridge, the Board <br />unanimously approved release of Payment #16 to <br />Indian River Industrial Contractors, Inc. in the <br />amount of $326,311.87, including the reduction in <br />retainage; allowed for a reduction in retainage (51/6) <br />on subsequent contractor pay requests pursuant to <br />the guidelines outlined in the contract documents, <br />Section 500, Article 5, Progress Payments, with a <br />5% retainage being held for the remainder of the <br />work until such time that final completion has been <br />achieved and the County has approved all required <br />documents; and authorized the Chairman to execute <br />the necessary documents; all as recommended by <br />staff. <br />DOCUMENTS ARE ON FILE IN THE <br />OFFICE OF THE CLERK TO TBE BOARD <br />11.HA ACID TANK LEAK - SOUTH COUNTY R.O. PLANT - <br />AMERICAN COMPLIANCE TECHNOLOGIES <br />The Board reviewed a Memorandum of April 10, 2000: <br />MAY 099 2000 <br />