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V. <br />PROGRESS REPORT — Continued <br />The Commissioners discussed the claim of the Interstate <br />Demolition Corporation for payment of the 10/ of the <br />contract cost withheld to date. Notice was received <br />from Interstate Demolition Corporation that their <br />acceptance of the final payment would not constitute <br />a release to the local public agency from all claims <br />or liability under this contract as specified in Section <br />106, Paragraph 2, Subparagraph (a) but that such accept- <br />ancE would be conditional and that they would reserve <br />their claims,. It was pointed out that the contract <br />specifically provides for withholding of any amount. due <br />the local public agency under the "Liquidated Damages" <br />section from the final payment. Since the City's claim <br />for liquidated damages exceeds the amount withheld, the <br />Comnission decided to continue withholding the 10/ except <br />in the event of mutual release of all further claims by <br />bot4 parties. <br />Meeting adjourned 11:55 a.m. <br />G. Lou <br />sident <br />INTERSTATE <br />DEMOLITION <br />CORPORATION <br />