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Page 3 <br />Agenda Item For 03-15-2011 BCC Meeting <br />Sector 3 Beach Restoration — Change Order #4 <br />March 8, 2011 <br />Alternative 2: <br />Approve 58% of Ranger's proposed Change Order #4, corresponding to the increase in <br />fuel cost from March 23, 2010 to the present. This would. increase the total contract <br />price by $177,030, from $10,319,234 to $10,496,264. Approving 58% of Change Order <br />#4 increases the unit cost of all sand required to complete Phase 2 of the project by <br />$0.63 per cubic yard, from $15.66 to $16.29 per cubic yard. <br />Alternative 3: <br />Deny Change Order #4. <br />RECOMMENDATION <br />Staff recommends that the Board approve Alternative 3 --- denial of Change Order #4, <br />( 'for the following reasons ... <br />1. There are no provisions in the contract for fuel cost adjustments <br />2. Change Orders #1,.#2 and #3 have already been granted to Ranger for additional <br />costs /earlier payment on the project. <br />3. No credit was given to the County for reduced transportation costs associated <br />with the near -exclusive use of Ranch Road Lake Mine for supplying sand. <br />FUNDING <br />The Sebastian Inlet District has agreed through an Interlocal Agreement to contribute <br />$4,680,000 towards the local share of construction costs for the Sector 3 project. <br />Local funding of Beach Restoration includes a portion of Local Option Tourist Tax <br />Revenue as well as allocation of the One Cent Sales Tax. Funding for the project is <br />available and budgeted in the Beach Restoration Fund, Sector 3 Beach Restoration <br />Account No.12814472-066510-05054. For Design, Construction & Monitoring, <br />$13,152,750 is budgeted from all sources. Based upon the contract price of <br />$10,319,234, the total estimated cost of the project including Design, Construction, <br />Monitoring, & Mitigation equals $14,862,331, which exceeds the budgeted amount by <br />$1,709,581. Please note that the $14,862,331 total includes $1.6 Million in Mitigation <br />cost that may not be needed. Additionally, these funds would not be expended until <br />December, 2012 which would allow one additional year of tourist tax revenues and <br />other sources as budgeted, to accumulate for this purpose. <br />F:\Public Works\CRM\My Documents\Coastal\Beach Sector 3 Change Order 44 BCC 03-15-2011.docx <br />