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BDA; -Ni r,A 09wl H. Vero Beach Peu Reef — American Coastal - Release of Retainaee The Board reviewed a Memorandum dated May 7, 1997: TO: James E. Chandler, County Administrator CONSENT AGENDA THROUGH: James W. Davis, P.E., Public Works Director FROM: Jeffrey R. Tabar, Coastal Engineer J SUBJECT: Release of Retainage - Vero Beach PEP Reef American Coastal Engineering DATE: May 7, 1997 DESCRIPTION AND CONDITIONS American Coastal Engineering is requesting release of retainage in the amount of $8,812.50. Attached is the Application for Payment, Invoice No. VB97-001 and the Certificate of Completion. All items have been completed for the project. Also attached is the periodic progress report from Sea Systems Corp. for period November 6, 1996 thru January 17, 1997 and letter of completion for the installation of the copper plates dated April 24, 1997. ALTERNATIVES AND ANALYSIS In analyzing the contract for final payment and acceptance, Section A states "Upon receipt of written notice and certification by the Contractor's engineer that the work is ready for final inspection and acceptance, the County will promptly arrange for inspections and when it finds the work acceptable under the Agreement and the Agreement fully performed it will promptly issue a final cerfificate, stating that the work required by the Agreement has been completed and is accepted by the County under the terms and conditions thereof, and the entire balance found to be due the Contractor shall be paid by the County." RECOMMENDATIONS AND FUNDING Staff has reviewed the attached paperwork and completed final inspections, and requests the release of the entire balance of retainage in the amount of $8,812.50 be approved. Funding to be from 128-144-682-033.19. MAY 13, 1997 ON MOTION BY Commissioner Ginn, SECONDED BY Commissioner Macht, the Board unanimously approved release of retainage balance in the amount of $8,812.50, as recommended in the Memorandum. NO] M