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• INDIAN RIVER COUNTY, FLORIDA` MEMORANDUM TO: Jason E. Brown, County Administrator THROUGH: Richard B. Szpyrka, P.E., Public Works Direct James W. Ennis, P.E., PMP, County Engineer FROM: Michael D. Nixon, P.E., Roadway Production Manager SUBJECT: Change Order No. 1, Final Payment and Release of Retainage 201h Avenue and 16th Street Intersection Improvements DATE: October 18, 2016 DESCRIPTION AND CONDITIONS On May 12, 2015, the Board County Commissioners awarded Bid Number 2015037 to Timothy Rose Contracting, Inc. in the amount of $1,112,457.78. The improvements include the re -alignment of 20th Avenue at 16th Street, the addition of left turn lanes to 201h Avenue and the extension of concrete box culverts in the Indian River Farms Water Control District Lateral "E" Canal. Change Order No. 1 is to make final adjustments to contract bid items for a decrease to the total contract price by $41,545.30, for a final cost of $1,070,912.48 and make final contract time adjustments. Timothy Rose Contracting, Inc. has completed the project and has been paid $1,007,079.88 with $53,004.20 held in retainage. Timothy Rose Contracting, Inc. has submitted Application for Payment No. 6 for final project payment and release of retainage in the amount of $63,832.60. FUNDING Funding is budgeted and available as follows: Optional Sales Tax, Retainage Account No. 315-206000-05032 201h Avenue & 16th Street Intersection ($53,004.20) Optional Sales Tax Account No. 31521441-066510-05032 201h Avenue & 16th Street Intersection ($10,828.40) RECOMMENDATION Staff recommends approval of Change Order No. 1, and payment of Application for Payment No. 6 to Timothy Rose Contracting, Inc., in the amount of $63,832.60. F.\Public Works\ENGINEERING DIVISION PROJECTS\0225 20th Ave and 16th St Intersection ImprovemeraMmim\agenda items\BCC Agenda for Release of Retainage doc 89