Item E32
BOARD OF COUNTY COMMISSIONERS
AGENDA ITEM SUMMARY
Meeting Date: November 19. 2008 Division: Engineering
Bulk Item: Yes -X No - Department: _Facilities Development
Staff Contact PersonlPhone #: Jerrv Barnett X4416
AGENDA ITEM WORDING: Approval to reduce retainage from 100,10 to 5% for Overholt
Construction for the construction and completion of the Tavernier Fire Station.
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 500,10 completion of construction. Although Monroe County has a population of
less than 100,000, construction of the Tavernier Fire Station has reached substantial completion in
December, 2007, and is now occupied by Tavernier Fire Rescue.
PREVIOUS RELEVANT BOCC ACTION: N/ A
CONTRACT/AGREEMENT CHANGES: To reduce retainage from 100,10 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 - Not Required_ X_
DISPOSmON: AGENDA ITEM #
Revised 11/06