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7. PRO <br />SS REPORTS (Continued) <br />Mr. Wliggins: It would cover the cost of the "complaining letter." <br />Mr. C ighton: That is something I discussed with Wayne earlier. <br />I feep if we retain the 1% on many contracts over a period of years . . . <br />Mr. B tier: Right now, we have no coverage at all after the contract. <br />(No) )ecause performance and payment bonds do not cover any guarantee. <br />Once ie sign off on the job, that is it. So I am wondering whether <br />the to is even necessary -- there is more paper work for you. <br />Mr. C ighton: It would cover something like -- one common problem <br />we have had is where, for instance, not enough straps were put up on <br />the gutter and the gutters came down because of all the ice we had this <br />winter. The 1% would have been enough to get the contractor back out <br />there and put additional straps on. The contractors we have dis- <br />cusseo this with are in agreement with it, they don't think the 1 %. . . <br />The C air: We just receive this (Mr. Crighton's letter) and place <br />it on file. Is there anything further? <br />8. NEXT COMMISSION MEETING <br />There being nothing further, the next Commission meeting will be <br />on Fr'day, April 15, 1977 at 10:00 a.m. <br />9. ADJOURNMENT <br />There being no further business before the Commission, motion was <br />made y Mr. Wiggins, for adjournment at 10:31 a.m. Motion was <br />secon ed by Mr. Cira and carried. <br />rowneii, txec. <br />(SEAL <br />-10 <br />0 <br />President <br />NEXT COMM. <br />MEET ON <br />APRIL 15, <br />1977 <br />