Title
MOTION TO RELEASE MAINTENANCE BOND #PB12159900191 IN THE AMOUNT OF $10,511.20 FROM TWS FABRICATORS, INC. FOR THE WATER IMPROVEMENTS ONLY AT TWS FABRICATORS, INC. LOCATED AT 2001 N. US-27.
Summary Explanation and Background
SUMMARY EXPLANATION AND BACKGROUND:
1. The water improvements constructed to serve TWS Fabricators located at 2001 N. US-27 were accepted by the City of Pembroke Pines on November 19, 2018.
2. The Environmental Services Division performed a final inspection November 20, 2019 and the water improvements constructed as part of the TWS Fabricators project were found to be acceptable.
3. Recommend City Commission release Maintenace Bond #PB12159900191 in the amount of $10,511.20 from TWS Fabricators, Inc. for the water improvements.
Item has been reviewed by the Commission Auditor and approved for the Agenda.
Financial Impact
FINANCIAL IMPACT DETAIL:
a) Initial Cost: None.
b) Amount budgeted for this item in Account No: Not Applicable.
c) Source of funding for difference, if not fully budgeted: Not Applicable.
d) 5 year projection of the operational cost of the project: Annual repair and maintenance of approximately $1,000.
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Current FY |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
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Expenditures |
1,000 |
1,000 |
1,000 |
1,000 |
1,000 |
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e) Detail of additional staff requirements: Not Applicable.