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INDIAN RIVER COUNTY, FLORIDA MEMORANDUM TO: Board of County Commissioners THROUGH: John A. Titkanich, Jr., County Administrator Sean A. Lieske, Acting Public Works Director Kirstin Leiendecker, P.E., Assistant. Public Works Director FROM: Mark Winslow, P.E., Project Engineer SUBJECT: Resurfacing 69th Street From 66th Avenue to SR5/US-1, IRC -1639 Final Payment, Release of Retainage, and Change Order No. 1 DATE: November 6, 2023 DESCRIPTION AND CONDITIONS On May 3, 2022, the Board of County Commissioners awarded Bid No. 2022028 to Timothy Rose Contracting, Inc. in the amount of $3,806,470.75 for Construction for the milling and resurfacing of 69th Street from 66th Avenue to SR5/US-1. Also included with this project was the installation of approximately 5,900 linear feet of a 12 -inch water main along 69th Street between 58th Avenue to 650 -feet west of 39th Court. Change Order No.1 is to make final adjustments to contract bid items for a decrease to the total contract amount by $216,659.23 for a final cost of $3,589,811.52 and make final contract time adjustments. Timothy Rose Contracting, Inc. has successfully completed the project and has been paid $3,382,027.33 with $178,001.44 held in retainage to date. Timothy Rose Contracting, Inc. has submitted Contractor's Application for Payment No. 1639-9 forfinal payment in the amount of $29,782.75 and $178,001.44 for the release of retainage for a total payment amount of $207,784.19. FUNDING Funding in the amount of $207,784.19 is budgeted and available from the following accounts: Traffic Impact Fees/District 1/691h St Reclamation Account No. 10415141-066510-19003 —66 th Ave to US1 $29,782.75 Traffic Impact Fees/Retainage—Timothy Rose Account No. 104-206000-19003 Contracting $113,032.45 Secondary Roads/Retainage—Timothy Rose Account No. 109-206000-19003 Contracting $29,201.53 Utilities/Retainage —Timothy Rose Contracting Account No. 471-206000-22501 $35,767.46 56