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Y! <br />Consent Item <br />Indian River County, Florida <br />Department of Utility Services <br />Board Memorandum <br />Date: October 25, 2022 <br />To: Jason E. Brown, County Administrator <br />From: Sean C. Lieske Director of Utility Services <br />Prepared by: Richard Meckes, Operations Manager <br />Subject: Final Pay to TLC Diversified, Inc for Bid #2019068, Roseland Elevated Storage Tank and <br />Pump Station <br />Descriptions and Conditions: <br />On October 1, 2019, the Board of County Commissioners (BCC) approved Bid #2019068 in the amount of <br />$1,691,200.00 to TLC Diversified, Inc., (TLC) for the Roseland Elevated Storage Tank Conversion and Pump <br />Station. There was a change order executed which lowered the overall project cost by $27,697.74, for a <br />revised project total of $1,663,502.26. The project has since been completed. <br />Analysis: <br />TLC has submitted Payment Request No. 15F for $83,175.11 for final pay and release of retainage. Kimley- <br />Horn and Associates (KHA) has recommended approval of the final payment and release of retainage. To date, <br />TLC has been paid $1,580,327.15. Payment in the total amount of $83,175.11 will complete the county's <br />obligation to the contractor for a total amount of $1,663,502.26. <br />Funding: <br />Funds in the amount of $83,175.11 for the release of retainage is in the Utilities operating fund under <br />Utilities/Retainage/Roseland Tank Retro/Retainage-TLC Diversified, account number 471-206000-17517. <br />Utilities operating funds are generated from water and sewer revenues. <br />Description <br />Account Number <br />Amount <br />Utilities/Retainage/Roseland Tank Retro/Retainage-TLC <br />471-206000-17517 <br />$83,175.11 <br />Diversified <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 $83,175.11. <br />Attachments: <br />Final Pay Application #15F <br />C:\Granicus\Legistar5\L5\Temp\fb312788-bd4c-4235-biff-07f5121be2b4.docx 49 <br />