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The original project was approved on September 17, 1996,.with a budget including contingency of $62,295.30. (See attached agenda item and minutes). The total preliminary construction cost was $48,996.00. The awarded construction amount to Treasure Coast Contracting was $8,800.00. The final materials and equipment cost was 19,882.40,(i.e., U.S. Filter and ABS pumps), in house materials and labor was $2,500.00 which equates to a final project cost of $31,182.40, a savings of $17,813.60. The staff of the Department of Utility Services recommends that the Board of County Commissioners approve and execute the attached final pay request from Treasure Coast Contracting as presented. ON MOTION by Commissioner Adams, SECONDED by Commissioner Ginn, the Board unanimously approved the final pay request from Treasure Coast Contracting and authorized the Chairman to execute same, as recommended by staff. DOCUMENTS ARE ON FILE IN THE OFFICE OF THE CLERK TO THE BOARD OSLO PLAZA ASSOCIATION - IMPACT FEE CREDIT The Board reviewed a Memorandum of March 26, 1997: TO: The Board of County Commissioners FROM: t; William G. Collins II - Deputy County Attorney DATE: March 26, 1997 SUBJECT: Oslo Plaza Associates Impact Fee Credit On March 17, 1997 our office received a notice from litigation counsel on behalf of Oslo Plaza Associates, Inc. notifying us that they intended to file an action seeking declaratory and injunctive relief, costs and attorneys fees if their client is not allowed a traffic impact fee -credit of $119;336 pursuant to an arrangement between the Board of County Commissioners and a previous owner of the property they now own. SUMMARY • By letter dated December 7, 1990, the attorney for Oslo Plaza Associates, a Florida general partnership (a previous owner) delivered to the Public Works Director copies of an executed warranty deed, a partial release of mortgage, and a title search. • On December 11, 1990, the Board of County Commissioners approved purchasing Oslo Road and 27"' Avenue right-of-way (northwest comer) by granting a traffic impact fee credit in the amount of $119,536 and a cash payment of $77,450. • Pursuant to Board direction the staff delivered payment in the amount of $77,450 and the deed was recorded January 3, 1991. Also, National Westminster Bank, USA, executed a partial release of mortgage as to its interest in the right-of-way transferred. The seller's attorney delivered title insurance on the same day in the amount of $196,000. BOOK '� ul FACE 53 APRIL 19 1997 47