Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Contracts Payments topic
No spam. Unsubscribe anytime.
Council releases $16,441.55 retainage for completed harbor project
Summary
Council approved release of $16,441.55 in retainage to a contractor after staff verified subcontractor releases and completion; staff noted paperwork from subcontractors was required before the retainage could be paid.
The council voted to release $16,441.55 in retainage to a contractor after staff confirmed completion and received subcontractor releases required by city procedures.
Kim explained the retainage release was contingent on documentation from subcontractors showing they had been paid; staff had received the required proofs and recommended the release. The motion to release $16,441.55 was moved and, after a brief call for discussion, approved by voice vote.
Staff said the payment closes out the project in question and that the city would continue to monitor related prepayments and ongoing work on another catalog project mentioned in the packet.
