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CONSENT INDIAN RIVER COUNTY, FLORIDA MEMORANDUM TO: Jason E. Brown, County Administrator THROUGH: Richard B. Szpyrka, P.E., Public Works Director James W. Ennis, P.E., PMP, Assistant Public Works Director FROM: Kirstin Leiendecker, P.E, Project Engineer SUBJECT: Final Payment, Release of Retainage and Change Order No. 2 CR 512 Resurfacing & Shoulder Widening from Myrtle Street to 125th Avenue Project (IRC -1305) DATE: June 3, 2020 DESCRIPTION AND CONDITIONS On July 17, 2018 the Board of County Commissioners awarded Bid No. 2018009 to Community Asphalt, Corp. for the CR 512 Resurfacing & Shoulder Widening from Myrtle Street to 125th Avenue project in the amount of $1,916,316.97. A notice to proceed was issued on October 22, 2018 with a contract time of 180 days to final completion. On July 2, 2019, the Board of County Commissioners approved Change Order No. 1 authorizing the addition of 242 -days of Contract time and additional funding in the amount of $203,406.67. The new total contract price authorized was $2,119,723.64. Change Order No. 2 makes final adjustments to contract bid items resulting in a decrease to the total contract amount by $27,236.44 for a final cost of $2,092,487.20 and makes final contract time adjustments. Community Asphalt, Corp. has successfully completed the project and has been paid $1,965,529.16 with $103,448.90 held in retainage. Community Asphalt, Corp. has submitted Contractor's Application for Payment No. 11 for final payment including release of retainage in the total amount of $126,958.04. FUNDING Funding for the final payment, including release of retainage, in the amount of $126,958.04 is available in the following accounts: Secondary Roads/Gas Tax Account No. 10921441-053360-16020 CR 512 Resurface (Myrtle to 125th) $23,509.14 Secondary Roads/Gas Tax Account No. 109-206000-16020 CR 512 Resurface (Myrtle to 125th) $103,448.90 Retainage - Community Asphalt 143