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INDIAN RIVER COUNTY, FLORIDA <br />MEMORANDUM <br />TO: Joseph A. Baird, County Administrator <br />THROUGH: Christopher R. Mora, P.E., Public Works Director <br />FROM: Christopher J. Kafer, Jr., P.E., County Engine <br />SUBJECT: Release of Retainage for BRIDGE DESIGN ASSOCIATES, INC. <br />Oslo Road Phase III from 58th Avenue to 43rd Avenue <br />IRC Project No. 0517 <br />DATE: February 27, 2015 <br />DESCRIPTION AND CONDITIONS <br />On September 6, 2011, the Board of County Commissioners approved an agreement with Bridge Design <br />Associates, Inc. for design and construction phase services for the widening of the existing bridge on Oslo <br />Road crossing the Indian River Farms Water Canal District Lateral B Canal as part of the Oslo Road Phase III <br />(58th Avenue from 43rd Avenue) project in the amount of $66,630.00. <br />Bridge Design Associates, Inc. has completed all tasks and has been paid $62,433.43 to date, with $1,999.82 <br />held in retainage. Bridge Design Associates, Inc. has submitted Invoice No. 11-583-R1 dated February 3, <br />klill 2015 in the amount of $1,999.82 for release of retainage. <br />FUNDING <br />71 <br />Funding is budgeted and available from the following: <br />Traffic Impact Fees/District 3 <br />Account No. 102-206001-05004 <br />Oslo Road (58th Ave - 43`d Ave) Retainage <br />($1,904.12) <br />Secondary Roads Gas Tax <br />Account No. 109-206001-05004 <br />Oslo Road (58th Ave — 43rd Ave) Retainage <br />($63.20) <br />Optional Sales Tax <br />Account No. 315-206000-05004 <br />Oslo Road (58th Ave — 43`d Ave) Retainage <br />($32.50) <br />RECOMMENDATION <br />Staff recommends release of retainage and payment of Bridge Design Associates, Inc. Invoice No. 11-583/R- <br />1, dated February 3, 2015 in the amount of $1,999.82. <br />F:\Public Works\ENGINEERING DIVISION PROJECTS\0517-OSLO ROAD -43rd Ave to 58th Ave -Phase IMAdmim\agenda items\BCC Agenda 46 <br />Memo for BDA Release of Retainage 3-10-2015.doc <br />