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Meeting Date:	10/09/2018
Self-Help Center Retainage Payment- Habitat for Humanity of Laredo
Submitted for:	Cassie Allred	Submitted By:	Cassie Allred
Department:	Self Help Center

Subject:

Discussion and possible action to authorize the release of the following 10% retainage payment to be paid from grant funds. This action will not impact the County's General Fund.

Contractor	Project Address	Retainer Amount	Account Number
Habitat for Humanity of Laredo, Inc.	7496 Kay Bailey Rd.	$5,000	2530-6360-521-443069

Issue: Ten percent (10%) of the new construction project amount is held in retainage from the contractor for 30 days from the completion date of each project to insure that any deficincies which may arise are addressed by the contractor.

Solution: Place the Agenda Item in order to release retainage to the contractor.

Result: The contractor will be paid for services rendered.

Background:

The project listed above has been inspected by a third party inspector licensed by the Texas Real Estate Commission and a report has been submitted stating that the inspected home is free from deficiencies as required by the Texas Deaprtment of Housing and Community Affairs.

Previous Court Action:

None

Fiscal Impact

Budget Account Number:	2530-6360-521-443069
Funding Source:	2530
Balance:	147,000
Financial Impact:
$5,000

Attachments
Inspection Report