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Orchard Park authorizes partial release of retainage for fuel‑facility contractor
Summary
The board authorized release of 40% of holdback (partial retainage release payment $38,483.19) to L and L Mechanical contractors after a preliminary inspection and punch list for the multi‑use maintenance fuel facility project; town engineer recommended the release.
The Town Board authorized a partial release of retainage — a 40% release amounting to $38,483.19 — to L and L Mechanical contractors for the multi‑use maintenance fuel facility. The contractor requested reducing retained funds from 5% ($96,207.98) to 3% ($57,724.79), and the town engineer recommended the partial release while the contractor completes remaining punch‑list items.
Board members voted in favor of the recommended release after a brief question period. Staff noted the remaining retention exceeds the estimated value of outstanding items, supporting the partial payment.
