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INDIAN RIVER COUNTY, FLORIDA MEMORANDUM TO: Jason E. Brown, County Administrator THROUGH: Richard B. Szpyrka, P.E., Public Works Director FROM: James W. Ennis, P.E., PMP, Assistant Public Works Director SUBJECT: Final Payment, Release of Retainage and Change Order No. 1 for 1st Street S.W. and 43rd Avenue Intersection Improvements, IRC -1232 DATE: December 28, 2018 DESCRIPTION AND CONDITIONS On December 15, 2015, the Board of County Commissioners awarded Bid No 2016002 to Blue Goose Construction, LLC in the amount of $2,190,962.55 to construct work consisting of the reconstruction of a portion of 1st Street S.W. adding left turn lanes in the east and west bound direction, mill & resurface 43rd Avenue within the intersection, enclose a portion of the Indian River Farms Water Control District Canal within the project limits, and install a traffic signal, four - foot wide paved shoulders, curbing, and a five-foot wide sidewalk along the north side of the right- of-way, signing, and pavement markings. Change Order. No. 1 makes final adjustments to contract bid items resulting in a decrease to the contract work amount by $99,017.48 and a decrease of $87,100 for contract time impacts resulting in a total contract price reduction of $186,117.48 for a final cost of $2,004,845.07. Blue Goose Construction, LLC has completed the project and has been paid $1,847,948.06 to date, with $118,227.56 held in retainage. Blue Goose Construction, LLC has submitted Contractor's Application for Payment No. 11-F for release of retainage and final payment of $156,897.01. FUNDING Funding is available from the following: Optional Sales Tax Fund Accounts Payable Account No. 315-202000 $38,669.45 Utilities Operating Fund Retainage Payable Account No. 471-206000-16504 (release retainage) $1,270.90 Traffic Impact Fees Fund Retainage Payable Account No. 102-206001-05014 (release retainage) $116,956.66 60