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Item Description <br />Estimated Construction Cost at <br />Resolution III <br />Actual Project Cost at the end of <br />Project <br />Sewer <br />$ 2,914,888.58 <br />$ 2,710,749.71 <br />Water <br />$ 63,043.00 <br />$ 62,891.00 <br />Administrative Cost <br />$2,236.80 <br />$ 2,800.00 <br />TOTAL <br />$ 2,977,931.58 <br />$ 2,776,440.71 <br />On December 20, 2016, the BCC also approved the sliding scale impact fee cost subsidy to help entice <br />property owners with existing structures within the North Sebastian Phase 1 Septic to Sewer area to <br />connect. <br />Year <br />Subsidized <br />Cost <br />Impact fee paid by IRC <br />Impact fee/Property <br />Owner Responsibility <br />1 <br />100 % <br />$2,796.00 <br />$ 0.00 <br />2 <br />80 % <br />$2,236.80 <br />$ 559.20 <br />3 <br />60 % <br />$1,677.60 <br />$1,118.40 <br />4 <br />40 % <br />$1,118.40 <br />$1,677.60 <br />5 <br />20 % <br />$ 559.20 <br />$2,236.80 <br />6 <br />0 % <br />$ 0.00 <br />$2,796.00 <br />Timothy Rose Contracting has completed the construction of the North Sebastian Phase 1 Septic to Sewer <br />project successfully and under budget, and is requesting a final payment and release of retainage. To date, <br />Timothy Rose Contracting, Inc. has been paid $2,659,743.22. Payment in the amount of $113,897.49, <br />including release of retainage, will complete the county's obligation to the contractor. Florida Department of <br />Environmental Protection (FDEP) clearance has been obtained, and upon approval of this Resolution IV, <br />benefitting parent/child parcels can connect to the centralized sewer system. <br />FUNDING <br />Funds for this project are derived from multiple funding sources. The watermain is funded from capital <br />funding. Capital fund revenues are generated from impact fees. Furthermore, new growth has created the <br />need for the expansion or construction of the facilities, and that new growth will benefit from the expansion <br />or construction of the facilities. The sewer portion is funded from the assessment fund. Assessment revenues <br />are generated from assessments paid by the benefitting property owners. <br />Description <br />Account Number <br />Amount <br />North County Water Main <br />472-169000-19518 <br />$ 2,473.00 <br />North Sebastian Septic to Sewer -Phase 1- <br />Retainage <br />473-206000-15501 <br />$108,403.59 <br />North County Water Main —Retainage <br />472-206000-19518 <br />$ 3,020.90 <br />95 <br />C:\Users\legistar\AppData\Local\Temp\BCL Technologies\easyPDF 8\@BCL@E80D12A5\@BCL@ E80D12A5.docx <br />