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<br />MINUTE ORDER <br />CITY COUNCIL MEETING <br />REDEVELOPMENT AGENCY <br /> <br />March 13. 2006 <br />MO. 06-46 <br /> <br />CITY CLERK DEPARTMENT <br />Redwood City <br /> <br />DATE: <br /> <br />March 14,2006 <br /> <br />Attention: <br /> <br />City Attorney <br />Engineering Department <br /> <br />SUBJECT: Authorization to Reduce the Retention Funds - Route <br />101/Ralston Avenue Interchange Improvement Project <br /> <br />AGENDA ITEM: 6.1 F (304) <br /> <br />Meeting of the Council of the City of Redwood City on March 13, 2006. <br /> <br />Present: Council Members Aguirre, Bain, Hartnett, Howard, Ira, Vice Mayor Foust, <br />and Mayor Pierce <br /> <br />Absent: None <br /> <br />The following motion was made, carried and entered on the Minutes <br /> <br />MIS Howard/lra to authorize the City Manager to reduce the amount of retention <br />monies for the Route 101/Ralston Avenue Interchange Improvements Project, <br />from 5% to 1.25% of the value of work completed to date (currently from <br />$695,683.07 to $173,920.77). <br /> <br />The motion passed by a unanimous roll call vote by all those present. <br />(-" . <br />~y:J'~ ~ "~.~~~~ ) <br /> <br />Patricia S. Howe <br />City Clerk <br />