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rp- -1 F -An BOOK 89 F.849 JUN 15 1993, Under discussion, Commissioner Macht asked what the County's chances are of getting paid. Utility Services Director Terry Pinto responded that our chances are very good. He explained that this contract does not take away any of our rights, because we have a lien on the property. When the FDIC sells the property, we will be able to collect from the buyer. Vice Chairman Tippin called for the question. It was voted on and carried unanimously (4-0, Commissioner Bird being / absent). CONTRACT IS ON FILE IN THE OFFICE OF THE CLERK TO THE BOARD SEBASTIAN MIDDLE AND HIGH SCHOOL WATER LINE PROJECT - CHANGE ORDER NO. 2 BOYCE COMPANY The Board reviewed the following memo dated June 7, 1993: DATE: JUNE 7F 1993 TO: JAMES E. CHANDLER COUNTY ADMINISTRATOR FROM: TERRANCE G. PINT DIRECTOR OF UTIL7I;T;Y SERVICES PREPARED WILLIAM rk- McCAIN AND STAFFED CAPITAL CTS ENGINEER BY: DEPAR 0 ILITY SERVICES SUBJECT: SEBAST DDLE AND HIGH SCHOOL WATER L331E PROJECT INDIAN COUNTY PROJECT NO. UW -91 -20 -DS CHANGE ORDER 2 r -t- on August 11, 1992, the Board of County Commissioners approved a contract with the Boyce Company for the above-mentioned project. (Agenda item attached.) The project is now nearing completion, and we are bringing Change order 2 with the Boyce Company to the Board of County Commissioners for approval of a reduction in the amount of $81,615.71. We are also recommending a reduction in retainage (per agreement) to 5 percent. ANALYSIS The original contract amount was $2,170,010.38; the change order is for a reduction in the amount of $81,615-71 making the adjusted contract amount $2,088,394.67 (see attached change order and reconciliation sheet for details). Since the contract has proceeded on schedule and satisfactorily, we Are also requesting a reduction in retainage from 10 percent to 5 percent. 50