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INDIAN RIVER COUNTY, FLORIDA MEMORANDUM TO: Joseph A. Baird, County Administrator THROUGH: Christopher R. Mora, P.E., Public Works Director FROM: Christopher J. Kafer,Jr., P.E., County EngineeC— SUBJECT: Change Order No. 2, Final Pay and Release of Retainage 27th Avenue Milling and Resurfacing (Oslo Road to S.R. 60) IRC Project No. 0391 Bid No. 2012029 DATE: April 10, 2013 DESCRIPTION AND CONDITIONS On July 3, 2012, the Indian River County Board of Commissioners awarded Bid No. 2012029 to Ranger Construction Industries, Inc. on July 3, 2012 in the amount of$1,293,157.53. The project consists of milling and resurfacing both northbound and southbound lanes of 27th Avenue from Oslo Road to S.R. 60 to include signing and marking of the resurfaced lanes. Also included with the project are intersection improvements at 27th Avenue and 5th Street S.W. On November 6, 2012,Change Order No. 1 was approved bythe Board of County Commissioners, increasing the contracttotal by$55,771.78 to provide asphalt overbuild to plateau the intersection of 27th Street and 5th Street SW to flatten the grades for north/south and east/west travel. Change Order No. 2 is to make final adjustments to bid line items to decrease the total contract price by$39,725.78 for a final contract price of$1,309,203.54. Ranger Construction Industries, Inc.has been paid$1,177,968.19 to date,with$130,885,35 held in retainage. Ranger Construction Industries, Inc. has completed the project and submitted Pay Application No. 7 in the amount of$131,235.35for final payment and release of retainage. FUNDING Funding is budgeted and available from Secondary Roads/27th Ave Resurfacing/Oslo Road to 20th Street, Acct # 10921441-053360-12006 in the amount of $350.00 and from Secondary Roads-Retainage/27th Ave Resurfacing/Oslo Road to 20th Street in the amount of$130,885.35. 62