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9.4d. <br />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 Engineer <br />SUBJECT: 27th Avenue at 211t Street SW Intersection/Signalization Improvements <br />Release of Retainage and Change Order No. 1 <br />IRC -1643 <br />DATE: September 5, 2018 <br />DESCRIPTION AND CONDITIONS <br />On October 2, 2017, the Board of County Commissioners awarded Bid No. 2017063 to Traffic Control <br />Devices, Inc. in the amount of $610,610.00 for the, construction of traffic signals and associated <br />improvements at the intersection of 27th Avenue and 211t Street SW. <br />Change Order No.1 makes final adjustments to contract bid items resulting in a decrease to the total <br />contract amount by $22,816.25, for a final cost of $587,793.75. <br />Traffic Control Devices, Inc. has completed the project and has been paid $513,033.91 with <br />$27,001.79 held in retainage to date. Traffic Control Devices, Inc. has submitted Contractor's <br />Application for Payment No. 6 for final payment in the amount of $47,758.05, and release of <br />retainage in the amount of $27,001.79, for a total of $74,759.84. Once the final releases of lien from <br />all subcontractors have been received, reviewed and approved by County staff, payment will be <br />processed. <br />FUNDING <br />Funding is budgeted and available from: <br />Traffic Impact Fees/District 3 <br />Account No. 10215341-066510-17002 <br />21St St SW & 27th Ave Intersection <br />$47,758.05 <br />Traffic Impact Fees/District 3/Retainage <br />Account No. 102-206000-17002 <br />21St St SW & 27th Ave Intersection <br />$27,001.79 <br />C:\Users\legistar\AppDataU.ocal\Temp\BCL Technologies\easyPDF 8\@BCL@2COE7ADl\ a BCL@2COE7ADl.doc <br />