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79, <br /> 110 <br /> _ _ <br /> _ <br /> SECURITY BUILDING COMPANY,INC. <br /> P.O.Box 967/Chapel Hill,NC 2751*/(Ateo919)929-03 <br /> ou October 25, 1982 <br /> Joseph L. Nassif, A|A <br /> P. O. Box 2615 <br /> Chapel x|)) ` N. C. 27514 <br /> Re: Orange County Jail Facility <br /> Hillsborough, H. C. <br /> Dear Joe, <br /> The owner has occupied the new addition for the Orange County Jail <br /> for several months and the retainage has remained at the ln% amovnt' <br /> During the contract signing stage, it was decided that the retainage <br /> would not be reduced when the project reached the 50% stage. However, <br /> there was no discussion about reducing the retainage when the owner <br /> occupied part of the building. <br /> Since the building has been occupied by the owner, we are requesting <br /> that the retainage be reduced to S% effective to the current application <br /> for payment which is attached. Assuming that this request will be granted, <br /> we are enclosing the application for payment with the 5% retainage shown. <br /> Just in case there is a problem with approval of the S% retainage, we are <br /> enclosing a second application with the 10% retainagc, However, we are <br /> hoping that you will not use the application with the lO% retainage shown. <br /> \ w il\ be happy to meet with you, the County Manager and/o, the <br /> di this matter.Commissioners regarding » . |f you should need additional <br /> information concerning the above, please feel free to contact me. <br /> Yours very truly, <br /> • <br /> IF ' 41( <br /> Ward L. Setzer <br /> Vice President <br /> Manager, Commercial Div, <br /> WLS/bjh \` <br /> cc; Mr. Bill La^61 <br /> Enclosures <br /> . _ <br />