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INDIAN RIVER COUNTY, FLORIDA OWN <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, Assistant Public Works Director <br />SUBJECT: Atlantic Boulevard Parking Area <br />Release of Retainage and Change Order No. 1 (IRC -1719) <br />DATE: ISeptember 23, 2019 <br />DESCRIPTION AND CONDITIONS <br />On September 11, 2018 the Board of County Commissioners awarded Bid No. 2018070 to Timothy <br />Rose Contracting, Inc. in the amount of $310,259.50 to construct Atlantic Boulevard Parking Area <br />improvements in conjunction with the future State Road 60 and 43`d Avenue roadway widening <br />project. <br />Change Order No. 1 is to make final adjustments to contract bid items for a decrease to the total <br />contract price by $23,028.43 for a final cost of $287,231.07 and make final contract time adjustments. <br />Timothy Rose Contracting, Inc. has successfully completed the project and has been paid $272,869.52 <br />with $14,361.55 held in retainage to date. Timothy Rose Contracting, Inc. has submitted Contractor's <br />Application for Payment No. 4 for release of retainage in the amount of $14,361.55. <br />FUNDING <br />Funding in the amount of $14,361.55 is budgeted and available from Traffic Impact Fees Retainage <br />Tim Rose Contracting/District 2 -SR60/Atlantic Blvd -Account Number 102-206000-18034. <br />RECOMMENDATION <br />Staff recommends approval of Change Order No. 1 and payment of Application for Payment No. 4 to <br />Timothy Rose Contracting, Inc. in the amount of $14,361.55 for release of retainage. <br />ATTACHMENTS ARE AVAILABLE FOR VIEWING IN ENGINEERING DIVISION <br />Change Order No. 1 <br />Contractor's Application for Payment No. 4 <br />APPROVED AGENDA ITEM FOR OCTOBER 8, 2019 <br />27 <br />