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INDIAN RIVER COUNTY, FLORIDA <V <br />MEMORANDUM 6e <br />TO: Joseph A. Baird, County Administrator <br />THROUGH: Richard B. Szpyrka, P.E., Public Works Director <br />FROM: Kimberly Graham, P.E. — County Traffic Engi <br />SUBJECT: Change Order No.1, Final Payment and Release of Retainage <br />County Road 512 Resurfacing from 125th Avenue to 1-95 <br />IRC Project No. 1304 <br />DATE: June 10, 2016 <br />DESCRIPTION AND CONDITIONS <br />On November 17, 2015, the Board of County Commissioners awarded Bid No. 2016003 in the <br />amount of $787,526.59 to Ranger Construction Industries, Inc., for the milling and resurfacing <br />of the existing roadway from 125th Avenue to 1-95. The work included the addition of 5 -foot <br />wide paved shoulders, a new asphalt surface and thermoplastic pavement markings. <br />This is a Florida Department of Transportation Small County Outreach Program (SCOP) funded <br />project, FM No. 433066-1-58-01. The SCOP Grant, approved by the Board of County <br />Commissioners on May 5, 2015 will provide 75% of the construction cost of the project and <br />construction engineering inspection (CEI) services up to $684,642.00. The County will fund the <br />remaining 25% construction cost. <br />The final construction cost for this project is $793,399.44. <br />Change Order No. 1 is to make final adjustments to contract bid items for an increase to the <br />total contract price of $5,872.85, for a final cost of $793,399.44. <br />Ranger Construction Industries, Inc. has been paid $660,232.30 to date, with $73,359.14 held in <br />retainage. Ranger Construction Industries, Inc. has completed the project and submitted Pay <br />Application No. 4 for final payment and release of retainage in the amount of $133,167.14. <br />FUNDING <br />Funding for release of retainage and final payment is budgeted and available as follows: <br />Secondary Roads/FDOT SCOP Grant <br />Account No. 109-206000-15814 <br />RETAINAGE — CR512 Resurfacing 125th Ave —195 <br />($73,359.14) <br />Secondary Roads/FDOT SCOP Grant <br />Account No. 10921441-053360-15814 <br />CR512 Resurfacing 125th Ave —195 <br />($59,808.00) <br />69 <br />F -\Public Works\ENGINEERING DIVISION PROJECTS\1304-CR 512 Resurf (SCOP)_125th Ave to 1-95\Admim\agenda items\BCC Agenda Change Order Nol. <br />1 FINAL.doc <br />