Committee notes four capital projects; directs separate retainage accounts
Committee members reported four upcoming projects over $500,000 and asked staff to open separate interest-bearing retainage accounts and to share bid/invoice details once available.
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During new business the committee was told there are four capital projects expected to exceed $500,000 that will require separate retainage accounts. A committee member said the county will take a 5% retainage when contractors invoice and that retainage must be held in labeled, interest‑bearing accounts until project completion.
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