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m <br />INDIAN RIVER COUNTY, FLORIDA <br />MEMORANDUM <br />TO: Board of County Commissioners <br />THROUGH: John A. Titkanich, Jr. County Administrator <br />Richard B. Szpyrka, P.E., Public Works Director <br />Kirstin Leiendecker, P.E., Assistant Public Works Director <br />FROM: Richard Reichenbach, P.E., Project Engineer <br />SUBJECT: Release of Retainage and Change Order No. 1 <br />61st Court Full Depth Reclamation from 47th ST. to 491h ST. (IRC -2216) <br />DATE: May 16, 2023 <br />DESCRIPTION AND CONDITIONS <br />On February 21, 2023 Indian River County Commissioners awarded Bid No. 2023018 to Timothy Rose <br />Contracting, Inc. in the amount of $155,747.50 for the Full Depth Reclamation (FDR) and paving of <br />61St Court from 47th Street to 49th Street. Other work included mobilization and maintenance of <br />traffic. <br />Change Order No. 1 makes final adjustments to the contract bid items for a decrease to the total <br />contract price by $13,079.25 for a final cost of $142,668.25. <br />Timothy Rose Contracting, Inc. has completed the project and has been paid $135,534.84 with <br />$7,133.41 held in retainage to date. Timothy Rose Contracting, Inc. has submitted Contractor's <br />Application for Payment No. 2 for the amount of $7,133.41 for release of retainage. <br />FUNDING <br />Funding is budgeted and available in: <br />Optional Sales Tax, 6111 Ct. Full Depth Account No. 315-206000-23004 <br />Reclam/Pav/Retainage Timothy Rose $7,133.41 <br />Contracting <br />RECOMMENDATION <br />Staff recommends approval of Change Order No. 1 and payment of Contractor's Application for <br />Payment No. 2 Timothy Rose Contracting, Inc. in the amount of $7,133.41 for release of retainage. <br />58 <br />