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PP - <br />FEB 2 1988 <br />ENGINEERS <br />• <br />GENERAL CONTRACTORS <br />P.O. BOX 249 <br />January 8, 1988 <br />C.E. Block Architect, Inc. <br />P.O. Box 1206 <br />Vero Beach, Florida 32960 <br />BOOK 70 F',,€735 <br />PWR CORPORATION <br />HIGHLAND CITY, FLORIDA33846-0249 813/646-1408 <br />Re: IRC Tax Savings <br />Sheriff's Administration Building <br />Dear Tony: <br />In accordance to addendum #4 of the specifications, the sales <br />tax savings for the owner should be calculated as follows: <br />1) Value of material purchased direct <br />by IRC $1,035,017.12 <br />2) Sales tax saved by IRC (item 1 x 5%)$51,750.86 <br />3) Tax savings exceeding $15,000 but not <br />exceeding $30,000 is credited to PWR <br />@ 100% (ref. 4.6.3.2) $15,000.00 <br />Tax savings exceeding $30,000 will be <br />credited 50% to owner & 50% to PWR <br />(ref. 4.6.3.3) $51,750.86 - $30,000.00$10,875.43 <br />2 <br />$25,875.43 <br />Total tax savings due PWR <br />Please issue change order #10 accordingly. <br />Sincerely, <br />PWR CORPORAT <br />William G. Issitt <br />President <br />C. Jail Project, Phase 1! - Substantial Completion <br />The Board reviewed memo of Owner's Representative: <br />6 <br />