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FEB 21 `989 <br />BOOK 76 f'ai,E 180 <br />GOLDEN SANDS PARK - FINAL PAYMENT TO DENNIS L. SMITH, INC. <br />The Board reviewed memo from the Capital Projects Manager: <br />TO: James E. Chandler, <br />County Administrator <br />THROUGH: James W. Davis, P.E., <br />Public Works Director <br />FROM: James D. White, P.E. <br />Capital Projects Manage <br />t2 <br />SUBJECT: Final Payment - Retainage Release <br />Dennis L. Smith, Inc. -Golden Sands Park <br />Indian River County Project #8552 <br />DATE: February 10, 1989 <br />DESCRIPTION AND CONDITIONS <br />All work is complete on subject contract for parking lot <br />construction at Golden Sands Park. The Contractor has requested <br />final payment and release of retainage. The final payment is <br />$4,932.72. The Final Contract cost has been $119,770.22. This <br />cost is $35,735.48 less than the $155,505.70 bid price resulting <br />in a savings of 23% of the contract price. This savings is <br />mostly due to final quantities of work being less than bid <br />quantity. <br />RECOMMENDATION <br />Staff recommends acceptance of the work and approval of final <br />payment. <br />ON MOTION by Commissioner Bowman, SECONDED by Com- <br />missioner Bird, the Board unanimously approved <br />final payment to Dennis L. Smith, Inc., for parking <br />lot construction at Golden Sands Park in the amount <br />of $4,932.72 as recommended by staff. <br />PAVING OF BLUE CYPRESS LAKE ROAD <br />The Board reviewed memo from Public Works Director Davis: <br />20 <br />