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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. 06, <br /> Coastal Engineer <br /> SUBJECT: Release of Retainage for Coastal Tech Work Order No. 12 <br /> Sector 3 Beach Restoration—Phase 2b Construction Phase 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 /> 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. 12 to this contract provided for services related to Phase 2b construction <br /> services for the Sector 3 Beach Restoration Project. The Board approved Work Order No. 12 <br /> amount was $200,354. As a result of overall task management, there was a total cost savings of <br /> $12,888.49 or approximately 6.4%; total amount expended on Work Order No. 12 was <br /> $187,465.61. All the tasks under this Work Order are now 100% completed. Therefore, Coastal <br /> Tech is requesting release of withheld retainage in the amount of$18,746.55. <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 WorksUames&Sector 3\WO # 12\Retainage Release\memo agenda retainage <br /> release CTC Work Order#12-- 7-9-13.docx <br /> 22 <br />