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Consent Agenda Item <br />INDIAN RIVER COUNTY, FLORIDA <br />DEPARTMENT OF UTILITY SERVICES <br />2.r <br />Date: November 5, 2015 <br />To: Joseph A. Baird, County Administrator <br />From: Vincent Burke, P.E., Director of Utility Servic <br />Prepared By: Gordon Sparks, P.E., Environmental Engineer CSS <br />Arjuna Weragoda, P.E., Capital Projects Manager A60 <br />Subject: Final Payment to Young's Communication, Inc. (Y -COM, Inc.) for Bid No. 2014- <br />008 for Utility Conflict Resolutions on US Hwy. 1 South of 11th Street SW to <br />the County line—UCP #4096 <br />DESCRIPTIONS AND CONDITIONS: <br />On November 12, 2013 the Board of County Commissioners (BCC) approved award of Bid No. 2014-008 <br />to Y -COM, Inc. to resolve conflicts between existing water and sewer facilities and proposed paving and <br />drainage improvements by the FDOT on US Hwy. 1 from 11th Street SW to the County Line. A total <br />amount of $892,365.10 was approved for construction of these facilities. <br />ANALYSIS: <br />The project is now complete and construction of the facilities is now concluded. The total cost of the <br />construction was $777,590.37. On November 3, 2015 Y -COM, Inc. submitted Final Pay Application No. 5 <br />for $38,879.52 for release of retainage. Payment of Pay Application No. 5 will release the retainage and <br />complete the County's obligation to Y -COM, Inc. The project came in $114,774.73 under budget. <br />FUNDING: <br />Funding for the project in the original amount of $892,365.10 was made available for the project account <br />in the Utilities Fund. Funds for this project are derived from the R&R fund in the operating budget. The <br />operating fund budget is derived from water and sewer sales. <br />ACCOUNT NAME <br />ACCOUNT NUMBER <br />AMOUNT <br />Retainage – Young's Communication, Inc. <br />471-206000-13502 <br />$38,879.52 <br />Page 1 of 2 <br />62 <br />