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Meeting Date: 07/10/2017  
NEW FIRE STATION AND ADMINISTRATION BUILDING RETAINAGE PAYMENT
Submitted for: Martha Palacios Submitted By: Martha Palacios
Department: Engineering  

Subject:
Discussion and possible action to authorize payment and release of check, immediately, to Hydroworks, Inc., for 75% of the retainage for the Webb County Fire Station and Administration Building Project in the amount of $73,520.97, leaving a balance of $24,507.00.  [Accounts #3020-206000, #3150-206000, #3195-206000 (Retainage Payable)]

Issue: Project is 99% completed. Contractor is requesting 75% of retainage.

Solution: Approve release of retainage.

Result:  Release payment to vendor.
Background:
Purchase Order No. 16-0004722
Previous Court Action:
N/A

Fiscal Impact
Budget Account Number: 0
Funding Source: 0
Balance: 0
Financial Impact:
[Account #3020-206000, #3150-206000, #3195-206000 (Retainage Payable]
 

    

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