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Item E28 BOARD OF COUNTY COMMISSIONERS AGENDA ITEM SUMMARY Meeting Date: November 19, 2008 Division: Engineering Bulk Item: Yes -X No - Department: Facilities Development Staff Contact PersonIPhone #: Jerry Barnett X4416 AGENDA ITEM WORDING: Approval to reduce retainage from 100.10 to 5% for Pedro Falcon Electrical Contractors for the construction and completion of the Big Pine Key Park. ITEM BACKGROUND: In accordance to State Statute 218.735 (8)(b), a county having a population of 100,001 or more, must reduce to 5% the amount of retainage withheld from each subsequent progress payment after 50% completion of construction. Although Monroe County has a population of less than 100,000, construction of the Big Pine Key Park is complete and the Contractor is requesting a reduction of retainage. PREVIOUS RELEVANT BOCC ACTION: N/ A CONTRACT/AGREEMENT CHANGES: To reduce retainage from 10% to 5% STAFF RECOMMENDATIONS: Approval as stated above. TOTAL COST: N/A BUDGETED: Yes -1L No - COST TO COUNTY: No addtl cost SOURCE OF FUNDS: Retainage Payable REVENUE PRODUCING: Yes - No - AMOUNT PER MONTH_ Year - APPROVED BY: County Arty _ OMB/Purchasing _ Risk Management _ DOCUMENTATION: Included X Not Required_ DISPOSmON: AGENDA ITEM # Revised 11106 Page 1 of 1 Barnett-Jerry _"~~~,__~,~__,__.~~______,_~~~._~,_~___~_~.__._~____~_~~.~_~_~~~,,__~.~.~.^'___ .__~__._<_.__~~_~~_~~~~~_~_.__.~~___~~______~^____~_~_ ~m~~_~~___~__'~_______ From: Ken Bygler [kenbygler@bellsouth.net] Sent: Monday, November 03,20088:19 AM To: Briggs-Clark Cc: Barnett-Jerry; 'Christian Brisson' Subject: BOCC Agenda Clark, As previously discussed, we would like for you to put the reduction in retention for the Big Pine Key Park on the BOCC agenda. Thanks, Ken Bygler Project Manager Pedro Falcon Electrical Contractors Cell: 305-731-6978 Office: 305-872-2200 Ext. 115 Fax:305-872-2219 11/4/2008