(A) There is hereby created a Retainage Escrow Account for Public Works Contracts.
(B) The Retainage Escrow Account for Public Works Contracts shall be used for all purposes provided by I.C. 36-1-2 et seq.
(C) The Clerk-Treasurer is hereby directed to establish and maintain a Retainage Escrow Account for Public Works Contracts as authorized by I.C. 36-1-12 et seq.
(Ord. 2006-019, passed 7-10-06)