APPROVE CLOSEOUT, FINAL PYMT AND RELEASE OF RETAINAGE TO JJAEP-YOUTH VILLAGE PROJECT
Submitted for:
Martha Palacios
Submitted By:
Martha Palacios
Department:
Engineering
Subject:
Discussion and possible action to approve and accept closeout, final payment and release of retainage for Leyendecker Construction, Inc., in the amount of $83,245.06 which includes final payment of $46,133.00 and retainage in the amount of $37,112.06 for the completion of the Youth Village Project - JJAEP Las Blancas Subdivision. [Accounts #684-1306-8601(Construction In Progress), #605-1301-8801 (Capital Outlay), 605-3001-8801-7 (Capital Outlay Water Utilities) and Accounts #684-2311, #633-2311, #605-2311 (Retainage Payable)][Accounts #3090-2500-001-474501, 3015-2450-001-470000, 3015-7050-001-470000-075 and 3090-206000, 3035-206000, 3015-206000]
Issue: Closeout project after completion.
Solution: Approve and pay retainage.
Result: Project Completed.
Background:
N/A
Previous Court Action:
N/A
Fiscal Impact
Budget Account Number:
0
Funding Source:
0
Balance:
0
Financial Impact:
[Accounts #684-1306-8601(Construction In Progress), 605-1301-8801 (Capital Outlay) and Accounts #684-2311, #633-2311, #605-2311 (Retainage Payable)]