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lowest most responsive and responsible bidder meeting the <br />specifications as set forth in the Invitation to Bid, as <br />recommended in the memorandum. <br />7.G. CR510/512 Force Main and Reuse Main - UCP#837 - (Felix <br />Eauities. Original Contractor. Filed for Bankruptcv) - Final Pavment <br />and Release of Retainage to Surety - Liberty Mutual Insurance <br />Companv - Preparation of Record Drawings - Masteller. Moler & <br />Reed <br />Vice Chairman Ginn noted that this contractor has more than one contract with us and <br />she believed that some kind of investigation into the financial stability of a company needs <br />to be made when the County enters into a contract with a company. <br />Administrator Chandler advised that a financial check is normally made on large <br />contracts and that Felix Equities was okay at the time the contract was authorized. <br />July 8, 2003 <br />ON MOTION by Vice Chairman Ginn, SECONDED BY <br />Commissioner Adams. the Board unanimously authorized <br />payment to the Surety Company (Liberty Mutual Insurance <br />Company, Liberty Bond Services) for partial release of <br />retainage in the amount of $108,095.65: approved proposals <br />from Masteller, Moler & Reed in the not -to -exceed amount of <br />$5,900.00 for preparation of record drawings and construction <br />staking; and authorized staff to release the remaining retainage <br />amount of $5,900 to Masteller, Moler & Reed upon successful <br />7 <br />not <br />ca i� <br />CJik <br />