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�� 4tvE� Board of County Commissioners <br /> Q <br /> 1840 25th Street <br /> Vero Beach, Florida 32960 <br /> * * Telephone, (772) 5674000 <br /> FAX: 772- 77&9391 <br /> I � lr7 <br /> 'J1 ' L L+I� , <br /> n ^ I <br /> February 20, 2003 <br /> Onsite Management Group <br /> 1999 Pointe West Drive <br /> Vero Beach, Florida 32966 <br /> Attention: Mr. Stephen R. Melchiori , P . S .M. <br /> Subject: Pointe West Phase H, Sidewalk Bond <br /> Dear Mr. Melchiori : <br /> I received your letter dated Februaryl7 , 2003 (attached) regarding the sidewalk bond for the <br /> above subject project. <br /> The Engineering Division is agreeable with the quantities shown on your spreadsheets as being <br /> completed at this time ( 1 , 047 LF) . However, since the Letter of Credit No . 295 -74902 was <br /> I <br /> ssued on March 7 , 2001 the cost for sidewalk has gone up . <br /> I agree with reducing the original $ 35 , 604 .00 bond amount by the $ 7,538 . 40 completed amount, <br /> ( 1 , 047 LF 4$ $ sidewalk @ $ 7. 20 per LF = $7, 538 .40) but not reduce the additional 15 % . <br /> Therefore, I recommend the new bond amount for the remaining sidewalk in Phase II be <br /> $285065 . 60 ($ 35 , 604 . 00 - $ 7, 538 . 40) . <br /> The requested reduction in the bond for Phase III will be handled separately. We will have <br /> Phase III inspected in the next couple of days and process the request for reduction appropriately. <br /> EEXH <br /> BIT <br /> A <br /> FAEngineering\land Development Pemvts\Pointe West Ph R-Ur OnSite-sidewalk bond-cjk.dot <br />