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<br />Fiscal Impacts <br />There are no fiscal impacts to the City, since the retention monies are being deposited <br />in an escrow fund, with the Contractor benefiting from the interest income. <br /> <br /> <br />~ <br /> <br /> <br /> <br />~n J9.~u Chang,. ! <br />) ~!1anager En~ihee g & Construction <br /> <br />rametsanti, P.E. <br />Engineer <br /> <br />4 <br /> <br />0 Patterson <br />Community Development Services Director <br /> <br /> <br />c;ii <br /> <br />Ed Everett <br />City Manager <br /> <br />SPV:ss <br />S/1ibrary/reportsiRa/ston 101/C authority to reduce retention <br /> <br />Page 2 of 2 <br /> <br />g¿~, <br /> <br />fOf\- <br /> <br />- --.... .. <br /> <br />6.1F <br />Page 2 <br />