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sG <br />Indian River County, Florida <br />Department of Utility Services <br />Board Memorandum <br />Date: January 18, 2022 <br />To: Jason E. Brown, County Administrator <br />From: Matthew Jordan, Interim Director of Utility Services <br />Prepared by: Terry Southard, Operations Manager <br />Subject: Final Pay to TLC Diversified, Inc for Bid #2019067, Roseland Elevated Storage Tank Water <br />Transmission Main <br />Descriptions and Conditions: <br />On October 1, 2019, the Board of County Commissioners (BCC) approved Bid #2019067 to TLC Diversified, <br />Inc., (TLC) for $298,000.00 to install a water transmission main to the Roseland elevated storage tank. The <br />project has since been completed. <br />Analysis: <br />TLC has submitted Payment Request No. 6 for $4,900.00 for final pay and release of retainage of $14,501.30. <br />Kimley-Horn and Associates (KHA) has recommended approval of the final payment and release of retainage. <br />To date, TLC has been paid $275,524.62. Payment in the total amount of $19,401.30 will complete the <br />county's obligation to the contractor. <br />Funding: <br />Funds in the amount of $4,900.00 for the final pay are in the Utilities operating fund under <br />Utilities/WIP/Roseland Tank Retro to Pump, account number 471-169000-17517. Funds in the amount of <br />$14,501.30 for the release of retainage is in the Utilities operating fund under <br />Utilities/Retainage/Roseland Tank Retr/Retainage-TLC Diversified, account number 471-206000-17517. <br />Utilities operating funds are generated from waver and sewer revenues. <br />Description <br />Account Number <br />Amount <br />Utilities /Roseland Tank Retro to Pump <br />471-169000-17517 <br />$ 4,900.00 <br />Utilities/Retainage/Roseland Tank Retr/Retainage-TLC <br />Diversified <br />471-206000-17517 <br />$14,501.30 <br />Total <br />$19,401.30 <br />Recommendation: <br />Staff recommends that the Board of County Commissioners approve the final pay and release of retainage <br />to TLC Diversified, Inc., for a total of $19,401.30. <br />Attachments: <br />Final Pay Application #6 <br />44 <br />