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AGENUA 5ECT�D+V: J;�TS A�i� P`cL't};i�lE�lDi�lIO��S nn��rirr� �/9/ 76 � i��=i��,�..-�7� �'�,✓� ��:�� .�� DA�E: ORIGINATING DEPT./DIV.: PU�LIC :f�?f;5 DEPT. HEAD APPROVA�. t.� �� fTEM Np_: ITEM DESCRIPTlO�' pay�eent �VO. 9 for �ire S�atian No. 3, M-74-3Q MGR. R�ViEWEfl/RECOMMENDS: �'_„ j j and City Hall, M-74-29 �� 11 r. The wo�k is now nearly- complete an the Fire Stati.on and �he eontr�etors have submi�ted a request for Paym�t No. 3. Included as part of this request is a reduction in the amount o�' money that �.s ret�ined fxom the 10% held previously to an amount equal to 10% af the first on.e-haLf o� the contrac� amaunt. This reducti.an i.n r�taina,ge is i.n accordance with the cont�act provisions signed be�ween,ou�selves and the cozttractor. For simpiic�.ty purposes, however, the architects have simply used a procedure of retaining 5% of the entire contract. The amoun� requested as part of Pay�nen� No. 9 is fi2I,963.2b, �his brings the ' �atal a�QUnt oi the co�ttxact earned to da�e Iess �% retainage to $251,571.05 of the �ota1 cont�act amount of $27I,494,8Q. ` A sia�ilar c4ntract provision exists orc the City HaII and, there�ore, the amount of retainage has been reduced in this pay�nent requ�st, as we, to S% a� the total con�ract amount. �tequ.es�.ed Payment l�io. 9 in.cluding the reduced retainge for �he Fire Sta�ion is $i.i.1,770.4i. Sa�d payEnent would bri:ng the total amou�xt of contract earned to date less 5% retainage to ,�777,827.53 of the total contract amount o£ $952,638.78 RECO�NDED A CTi4N: A) Approval af'partiai Payment No. �} to Shaw-Lundc�uist Assoc., Tnc. in the amount of $21,963.2G for Fire Station No. 3, Pro�ect M-74-30. B3 Appraval of paxtial Pay�nent No. 9 to Shaw�Ltzrcdquist Assoc., Inc, in the amourit of $L1I,770.41 an the �iey Hail, Pro3ect M-74-29.