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Page 2 <br />BCC Agenda Item <br />March 1, 2016 <br />FUNDING <br />Local funding of Beach Restoration includes a portion of Local Option Tourist Tax Revenue as well <br />as allocation of the One Cent Sales Tax. Funding for the release of retainage will be provided <br />from two (2) separate accounts. <br />Task 1: 2015 Sector 3 Beach and Dune Restoration Proiect Post Construction Monitoring Survey <br />and Task 2: 2015 Sector 7 Post Construction Monitoring <br />The total amount of retainage withheld is $2,472.50. Account # 128-206002-05054 <br />Task 3: 2015 Countywide Beach Monitoring <br />The total amount of retainage withheld is $2,702.50. Account # 128-206002-01024 <br />RECOMMENDATION <br />Staff recommends the Board approve the release of all withheld retainage under Work Order <br />No. 3 in the amount of $5,175. <br />ATTACHMENT <br />Morgan and Eklund, Inc. Invoice No. 1-15-1612, dated February 2, 2016. <br />APPROVED AGENDA ITEM <br />FOR: March 1, 2016 <br />V. - A 4. cda'o <br />Indian River County <br />Appro d <br />Date <br />Administration <br />c� <br />Budget <br />IL <br />Legal <br />2 <br />Public Works <br />C�' <br />a - r 9 �� <br />Coastal Eng. Division <br />W <br />ZI bilb <br />FAPublic Works\JamesG\Sector 3\Morgan and Eklund Work Orders\Scope of Work 2015 - Work Order No. 2\agenda <br />item -- WO No 3 -- Morgan and Eklund Surveying 2015 -- Release of Retainage.docx <br />40 <br />