7.a.
Commissioners Court Meeting
- Meeting Date:
- 07/22/2024
- Title:
- Self-Help Center Retainage Payment - Habitat for Humanity of Laredo
- Submitted for:
- Cassie Allred
- Submitted By:
- Cassie Allred
- Department:
- Community Action Agency
Subject:
Discussion and possible action to authorize the release of two (2) 10% retainer payment(s) of $10,000 each to Habitat for Humanity of Laredo to be paid from Self-Help Center grant funds for a total amount of $20,000. The project locations are 5205 Guanabana Dr. and 5207 Guanabana Dr., both projects have been completed and inspected by City of Laredo Building Inspectors and Certificates of Occupancy have been issued for each project. This action will not impact the County's General Fund. [Account #2529-206000]
Issue: Ten percent (10%) of each new construction project amount is held in retainage from the contractor for 30 days from the completion date of each project to ensure that any deficiencies which may arise are addressed by the contractor. Each Contract amount is $100,000 and 10% retainer for each contract is $10,000 for a total retainer payment of $20,000 for both projects.
Solution: Commissioners Court authorizes the release of the retainer funds to the contractor.
Result: The contractor will be paid for services rendered.
Issue: Ten percent (10%) of each new construction project amount is held in retainage from the contractor for 30 days from the completion date of each project to ensure that any deficiencies which may arise are addressed by the contractor. Each Contract amount is $100,000 and 10% retainer for each contract is $10,000 for a total retainer payment of $20,000 for both projects.
Solution: Commissioners Court authorizes the release of the retainer funds to the contractor.
Result: The contractor will be paid for services rendered.
Background:
The projects have been inspected by City of Laredo Building Inspectors and a Certificate of Occupancy has been issued for each home. Project locations are 5205 Guanabana Dr. and 5207 Guanabana Dr.
Previous Court Action:
None
Fiscal Impact
- Budget Account Number:
- 2529-206000
- Funding Source:
- 2529
- Balance:
- 20,000
Financial Impact:
No Impact Grant Funded