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FUNDING <br />Local Funding for Sector 5 Beach and Dune Restoration project is provided by a portion of Local <br />Option Tourist Tax, FEMA Project Worksheets, and Local Government Funding Request Grant <br />19IR3 reimbursements. Funding for the final payment of $534,166.88 is budgeted and available <br />in the Beach Restoration Fund/Sector 5 Beach Restoration/Hurricane Matthew/Irma/Dorian, <br />Account # 12814472-066510-17001 for $247,985.09 and Beach Restoration Fund/Retainage- <br />Rio-Bak Corp, Account #128-206002-17001 for $286,181.79. <br />RECOMMENDATION <br />Staff recommends approval of Change Order No. 2 and payment of Contractor's Final <br />Application for Payment No. 1923-5 in the amount of $534,166.88 which includes a release of <br />$286,181.79 of retainage. <br />ATTACHMENTS ARE AVAILABLE FOR VIEWING IN ENGINEERING DIVISION <br />Contractor's Application for Payment No. 1923-5 <br />Change Order No. 2 <br />APPROVED AGENDA ITEM FOR JUNE 16, 2020 <br />12 <br />