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INDIAN RIVER COUNTY, FLORIDA <br />MEMORANDUM <br />TO: Jason E. Brown, County Administrator <br />THROUGH: Richard B. Szpyrka, P.E., Public Works Director <br />FROM: James W. Ennis, P.E., PMP, County Engine <br />SUBJECT: Change Order No. 1, Final Payment and Release of Retainage <br />Old Dixie Highway Resurfacing (7111 Street to County Road 510) <br />DATE: June 5th, 2017 <br />DESCRIPTION AND CONDITIONS <br />On December 15th, 2015, the Board of County Commissioners awarded Bid Number 2016001 to Timothy <br />Rose Contracting, Inc. in the amount of $2,467,160.62. The refurbishing (full depth reclamation) of the <br />roadway base from 711t Street to County Road 510, with the addition of 4 -foot wide paved shoulders, <br />including new asphalt surface and structural courses, pavement markings and drainage improvements. <br />Change Order No. 1 is to make final adjustments to contract bid items for a decrease to the total contract <br />price by $327,418.92 for a final cost of $2,139,741.70 and make final contract time adjustments. <br />Timothy Rose Contracting, Inc.. has completed the project and has been paid $2,031,572.34 with <br />$106,924.86 held in retainage. Timothy Rose Contracting, Inc. has submitted Application for Payment No. <br />10 -Revised 2 for final project payment and release of retainage in the amount of $108,169.36. <br />FUNDING <br />Funding is budgeted and available as follows: <br />Secondary Roads (FDOT SCOP Grant) <br />Account No. 10921441-053360-14010 <br />Old Dixie Highway Resurfacing <br />$8,684.50 <br />Secondary Roads (FDOT SCOP Grant) <br />Account No. 109-206000-14010 <br />Old Dixie Highway Resurfacing Retainage <br />$98,278.63 <br />Utilities R & R <br />Account No. 47123536-044699-15520 <br />Old Dixie Highway Relocation <br />($7,440.00) <br />Utilities Retainage <br />Account No. 471-206000-15520 <br />Old Dixie Highway Relocation <br />$8,646.23 <br />F.\Public Works\ENGINEERING DIVISION PROJECTS\I 138 -Old Dixie Hwy Resurfacing -71st St to CR 510\Admin\agenda items\Final Change Order\I138_BCC Agenda Retainage <br />Release.doc <br />P70 <br />