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INDIAN RIVER COUNTY, FLORIDA MEMORANDUM TO: Joseph A. Baird, County Administrator THROUGH: Christopher R. Mora, P.E., Public Works Director FROM: Richard B. Szpyrka, P.E., Assistant Public Works Director SUBJECT: Change Order No. 4, Final Payment and Release of Retainage Martin Luther King Walking Trail Bid No. 2015034 DATE: February 9, 2016 DESCRIPTION AND CONDITIONS 0 In the fall of 2014, the Florida Department of Environmental Protection — Office of Recreational Trails announced that Indian River County was the recipient of a $150,000 grant to construct a walking trail at the Historic Macedonia Church and Gifford Health Center on 28th Court, north of 45th Street, in the Gifford community. On May 19, 2015 the Board of County Commissioners approved awarding Bid No. 2015034 to Timothy Rose Contracting, Inc. for construction of the trail. Three change orders have been approved for a contract total of $318,310.17. Construction of the trail is complete and Change Order No. 4 is intended to make final adjustments to the contract line items to decrease the total contract price by $5,863.05 for a final cost of $312,447.12. Timothy Rose Contracting, Inc. has been paid $294,074.51 to date, with $15,477.61 held in retainage. Timothy Rose Contracting, Inc. has submitted Contractor's Application for Payment No. 5 FINAL in the amount of $18,372.61 for final payment and release of retainage. FUNDING Funding for final payment is budgeted and available as follows: Optional Sales Tax Account No. 31521072-066510-15014 Martin Luther King Walking Trail ($2,895.00) Optional Sales Tax, Retainage Account No. 315-206000-15014 Martin Luther King Walking Trail ($5,251.10) MPO Fund/Planning, Retainage Account No. 124-206003-15014 Martin Luther King Walking Trail ($10,226.51) 80 F -\Public Works\ENGINEERING DIVISION PROJECTS\1413-Martin Luther King Walking TraiMdmin\agenda items\Change Order 94\BCC Agenda Change Order No 4 and Release of Retainage 3-1-2016.doc