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e <br /> INDIAN RIVER COUNTY, FLORIDA <br /> BOARD MEMORANDUM <br /> TO: Joseph A. Baird, <br /> County Administrator <br /> THROUGH: Christopher R. Mora, P.E. <br /> Public Works Director • <br /> FROM: James D. Gray,Jr. &D <br /> Coastal Engineer <br /> SUBJECT: Release of Retainage for Coastal Tech Work Order No. 13 <br /> Sector 3 Beach Restoration—2012 Post Construction Monitoring <br /> Services <br /> DATE: June 24, 2013 <br /> DESCRIPTION AND CONDITIONS <br /> On December 13, 2005, the Board approved a contract with Coastal Technology Corporation, <br /> Inc. (Coastal Tech) for professional coastal engineering services in Indian River County for a <br /> j three-year term, 2005-2008. On December 9, 2008, the Board renewed the contract until <br /> December 13, 2011. Additionally, on April 17, 2012 the Board extended the contract through <br /> completion of Coastal Tech Work Order No. 13. <br /> Work Order No. 13 to this contract provided for services related to 2012 post construction _ <br /> monitoring for the Sector 3 Beach Restoration Project. The Board approved Work Order No. 13 <br /> amount was $459,206. All the tasks under this Work Order 13 are now 100% completed. <br /> Therefore, Coastal Tech is requesting release of withheld retainage in the amount of <br /> $45,920.60. <br /> FUNDING <br /> Local funding of Beach Restoration includes a portion of Local Option Tourist Tax Revenue as <br /> well as allocation of the One Cent Sales Tax. Funding for the release of retainage is from <br /> Account# 128-206000-05054 <br /> F:\Public Works\JamesG\Sector 3\WO 9 13 -Post Construction Monitoring <br /> 2012\Retainage Release\memo agenda retainage release CTC Work Order 913--7-9- <br /> 13.docx <br /> 18 <br />