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INDIAN RIVER COUNTY MEMORANDUM vr CONSENT ITEM TO: Jason E. Brown County Administrator THROUGH: Stan Boling, AICP Community Development Director FROM: Roland M. DeBlois, AICP Chief, Environmental Planning DATE: May 6, 2019 RE: Approval of Release of Retainage and Final Payment under a Contract Agreement with Indian River Docks, LLC for Archie Smith Fish House Dock Restoration It is requested that the Board of County Commissioners formally consider the following information at the Board's regular meeting of May 14, 2019. DESCRIPTION AND CONDITIONS On June 19, 2018, the County entered into a construction agreement with Indian River Docks, LLC, for dock restoration at the Archie Smith Fish House at 1740 N. Indian River Drive (see Attachment 1). Under the construction agreement, the cost estimate for reconstruction/restoration of the dock and an associated deck was $186, 925.00. On December 18, 2018, the Board approved a change order increasing that contract amount by $19,178.90, for a revised total cost of $206,103.90 (see Attachment 2). For this project, the County ultimately received $21,787.04 from a Florida Inland Navigation District (FIND) cost -share grant based on completion of initial project improvements. At this time, the dock restoration has been completed. To that end, staff is requesting that the Board approve final payment to Indian River Docks, LLC, including release of approximately 10% of the project cost ($20,610.30) that has been retained pending completion of the project. ANALYSIS The project has been inspected and approved by the Sebastian Building Department and by County Environmental Planning and Parks staff. To date, the County has paid $174,422.99 to Indian River Docks, LLC for the dock restoration work. The final amount to be paid to close out the project, including release of retainage, is $31,680.91. 1 35